US Prez indicated raising taxes on the rich and on energy firms
US President Barack Obama indicated raising taxes on the rich and on energy firms to fund his USD 447 billion jobs stimulus bill, asking lawmakers to pass the law without "delays" and "politics", a proposal that immediately drew sharp reactions from the Republicans.
Obama sent to the US Congress, the jobs bill that he intends to pay for by ending tax incentives for oil and gas firms and individuals earning over USD 200,000, setting in the process a fresh showdown with the Republicans, who are strictly opposed to the raising of taxes.
The President though warned the Republicans not to play "games" to obstruct the passage of his bill, which he said was needed in the moment of national crisis, as the country struggles with a nine per cent unemployment rate.
"This is a bill that will put people back to work all across the country. This is the bill that will help our economy in a moment of national crisis. This is a bill that is based on ideas from both Democrats and Republicans,"he said.
"And this is the bill that Congress needs to pass. No games No politics No delays I'm sending this bill to Congress today, and they ought to pass it immediately,"Obama said in for more details....http://www.indiareport.com/India-usa-uk-news/latest-news/1084250/International/2/3/2
0 comments:
Post a Comment