New President Won't Have an Easy Time Paying for New Initiatives, Fiscal Experts Say

[firstdown]

Originally Posted by firstdown

Well to be fair Obama did say he wants to cut taxes so people making $50,000 or less a year would pay no federal income tax. He plans on doing this by increasing taxes on people making $250,000 or more and doing away the Bush tax cut for the rich.

Now that I think about it he plans to pay for everything by taxing the rich. I'm sure they don't mind paying for everything and sending Uncle Sam 50% of their pay check.