Thursday, February 26, 2009

Obama Raises Taxes for Health Care Plan

Obama will propose tax raises for the wealthy. He needs it for his health care plan. He will also propose a 10-year budget plan to use the revenues for his environmental policy. The effect of these proposals will cancel Bushes tax reductions for people who make more than $250,000 a year. This upsets many people. For example, the White House thinks it's unfair to make the rich pay more. However, Obama will reduce taxes for all citizens in the 35% tax range, and most in the 33% tax range. I think this is an interesting idea but it seems a bit unfair. How do you feel?

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