Obama proposes higher taxes for wealthy to fund jobs bill

From the WASHINGTON POST:

President Obama announced plans Monday to fund his $447 billion jobs bill largely by raising taxes on wealthier families, provoking immediate opposition from congressional Republicans.

The sequence of event suggests that despite the recent pledges of greater bipartisanship, many of the fiscal and economic stumbling blocks that have left Washington gridlocked in recent months remain firmly in place…

“We remain eager to work together on ways to support job growth, but this proposal doesn’t appear to have been offered in that bipartisan spirit,” said Michael Steel, chief spokesman for House Speaker John A. Boehner (R-Ohio)…

Click here to read the full article.

Share