The Hill News

While House Republican Leader Eric Cantor’s staff and others have called President Obama’s jobs and deficit plan the “largest tax hike in modern history,” the unfortunate truth is that it actually cuts taxes overall and increases the deficit.
 
There is much to like about the plan, as explained below. Citizens for Tax Justice applauds President Obama’s vow yesterday to “veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share.”
 
However, President Obama’s proposals would ultimately reduce  taxes far more than raise them, compared to current law.

Read more...