Home | Tax Blog | Tax Evaluation | Resources | Common Tax Questions | Back Taxes | Contact Us

House Speaker Boehner Rules Out Tax Increases

September 29th

Earlier this week, House Speaker John Boehner pre-empted President Obama’s plans to present a budget-cutting plan, by announcing his own ideas for how the nation’s deficit could be slashed. Instead of focusing on tax increases as President Obama is expected to do, Boehner asked the new bipartisan subcommittee to investigate possible cuts in federal spending and entitlement programs. Also, important to Boehner’s plan was the intention to close tax code loopholes.

Boehner Offers Harsh Criticism of Obama Growth Plan

Boehner pointed to tax debt associated with higher tax rates as the cause of US unemployment woes. He suggested that maintaining lower taxes was a crucial component in efforts to stimulate the nation’s job growth. The closure of tax loopholes is to be a key element of this plan, as part of a broader effort to overhaul the tax code and lower personal and business tax rates.

In addition, Boehner offered a harsh criticism of the President and his plan for job growth. Boehner called the President’s plan a “poor substitute” for pro-growth policies and even accused the President of offering solutions that had more to do with winning the 2012 election than with stimulating economic growth.

The White House rebutted these comments by merely pointing out that any successful plan ought to place money in the pockets of middle-class American families and get these people back to work. The Obama Administration maintains that higher taxes on the wealthy are a key component in ensuring deficit reduction and national economic growth.

 
 
RSS

Subscribe Now
Social

Follow on FaceBook
News & Events
Monday, August 01, 2011

We are excited to launch our new site LeeTaxHelp.com.
Monday, September 05, 2011

If you think you might be need the advice of a Dallas Bankruptcy Attorney you can view on sister site at http://leebankruptcy.com
Categories
Back Taxes (5) General Tax Information (65) News (39) Payroll Taxes (5) Tax audit (10) Tax Debts (3) Tax deductions (16) Tax Fraud (4) Tax Laws (14) Tax Liens (10) Tax payment plans (14) Tax programs (21) Tax Scams (6) Uncategorized (2)
Recent Posts
Advantages of Using a Tax Debt Lawyer
Tax Debt Relief In 2014
Tax Debt Installment Agreements
Understanding the Five Tax Debt Strategies
Back Taxes: What You Can Do
Archives
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011