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Obama Presents Plan for Tax Fairness
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| Contributor | Jason |
| Last Edited | Jason Dec 07, 2010 09:37pm |
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| Category | News |
| News Date | Wednesday, September 19, 2007 03:00:00 AM UTC0:0 |
| Description | Sen. Barack Obama (D.-Ill.) argued wealthy Americans have received too many tax benefits under the Bush administration and if elected President he would install a fairer tax code.
“I’ll end the preferential treatment that’s built into our tax code by eliminating corporate loopholes and tax breaks,” Obama said at a speech hosted by the left-leaning Brookings Institution and the Urban Institute in Washington, D.C. Tuesday afternoon.
The plan Obama presented would also require the Internal Revenue Service to send each taxpayer a pre-calculated income tax bill which the payee would sign and mail back to the government with their pre-determined payment.
“The government already collects wage and bank account information, so there’s no reason the IRS can’t send Americans pre-filled tax forms to verify,” Obama said. |
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