Fisher Capital Management Financial: Obama proposes tax hike, $3 trillion deficit-reduction plan

President Barack Obama called for an alternative option regarding duty raises around the richest Americans last night, creating it any key component associated with their $3 billion deficit-reduction plan as he stepped back again coming from current thought of substantial slashes in order to Social Security as well as Medicare health insurance.

In a impassioned deal with in which called for mutual compromise during these hard occasions, Obama promised to veto any invoice that cuts big-ticket entitlement programs without which includes taxes increases.

The plan and strong rhetoric restart the particular president’s battle with congressional Republicans. Addressing GOP accusations in which his plan would certainly divide Americans, Barack Obama stated: “It’s not class warfare. It is math concepts. » Fisher Capital Management Financial: Obama proposes tax hike, $3 trillion deficit-reduction plan