Obama's Budget Proposal Includes $1.6 Trillion in New Taxes
- Details
- Created on Monday, 14 February 2011 12:36
President Obama released his $3.7 trillion 2012 fiscal budget today that he's spinning as a deficit reducer. Surprisingly not hidden in the Office of Management and Budget's (OMB) report are a series of tax increases that will continue to hurt businesses and inject uncertainty into the economy. Obama's budget claims to reduce the deficit by over $1 trillion within the next decade, but the budget doesn't confront the nation's biggest costs: entitlement programs.