Thursday, October 6, 2011

Wealthy Tax

President Obama said that independent experts agree, "The economy needs a jolt right now." The article describes a tax proposal from Democrats that would seek to stimulate the economy by lowering payroll taxes on workers and employers. They believe the "jolt" needs to come from a tax surcharge on income above $1 million. This may play a large part in upcoming election campaigns.

http://www.nytimes.com/2011/10/07/us/politics/obama-says-he-would-accept-a-surtax-on-high-incomes.html?hp

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