President Obama says he is now “agnostic” about raising taxes on households making under $250,000 a year to help cut budget deficits, signaling a possible retreat from a campaign pledge.

In an interview with Bloomberg BusinessWeek on newsstands tomorrow, Obama said a presidential budget commission needs to look at all options for deficit reduction – including tax increases and cuts in spending on such programs as Social Security and Medicare.

Read more….

No related posts.

 


Get Adobe Flash player

Switch to our mobile site