|
|
"A comprehensive, collaborative elections resource."
|
Obama Targets 'Broken Tax System': Calls for End to Outsourcing and Loopholes
|
|---|
| Parent(s) |
Issue
|
| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus May 04, 2009 12:43pm |
| Logged |
0
|
| Category | Proposed Legislation |
| News Date | Monday, May 4, 2009 06:00:00 PM UTC0:0 |
| Description | President Obama announced this morning steps to deal with “the most egregious examples” of problems in the country’s tax code, and to crack down on Americans who are “bending or breaking the rules.”
Touting a plan which aims to save American taxpayers $210 billion over the next ten years, the president, flanked by Treasury Secretary Tim Geithner and Internal Revenue Service Commissioner Doug Shulman, outlined how he will strengthen the tax code to end abuses.
“Nobody likes paying taxes, particularly in times of economic stress,” The president said in the Grand Foyer of the White House. “But most Americans meet their responsibilities because they understand that it's an obligation of citizenship, necessary to pay the costs of our common defense and our mutual well-being. And yet, even as most American citizens and businesses meet these responsibilities, there are others who are shirking theirs. And many are aided and abetted by a broken tax system, written by well-connected lobbyists on behalf of well-heeled interests and individuals.”
The administration's two-part plan targets not only that "broken tax system" as a whole, but specifically the well-connected who are benefiting from loopholes in the system, and aims to make it more profitable for companies to create jobs in the U.S. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
