By Sam Youngman - 09/12/11
President Obama demanded on Monday that Congress pay for his $447 billion jobs bill with higher taxes on the rich and businesses.
The tax proposals, which have all previously been advocated by Obama, underline the White House’s political agenda for the fall, which increasingly is focused on setting up congressional Republicans as foils on the economy during the 2012 presidential race.
Few, if any, of the proposed tax hikes have any chance of being approved by the Republican-held House, but they all could help the White House frame the GOP as protecting Wall Street money mangers and corporate interests at the expense of the middle class.
At the same time, the attacks on the rich open Obama up to new charges of class warfare, not only from Congress, but from the Republicans campaigning to replace him.
CONTINUE READING:
http://thehill.com/homenews/administration/181081-obama-tax-the-rich-to-pay-for-the-jobs-bill
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