WSJ: Obama to Propose Tax Increases on Investments, Inherited Property
President Barack Obama will call on the new Republican-led Congress to raise taxes on investments and inherited property and to create or expand a range of tax breaks for middle-income families, laying out an opening position in a debate over taxation that both parties see as a potential area of compromise.
Mr. Obama will outline the measures in his State of the Union address Tuesday night. He will propose using revenue generated from the tax increases–which would fall mainly on high-income households–to pay for a raft of new breaks aimed at boosting stagnant incomes for low- and middle-income households.
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What an idiot!
Do you want less investments?
Do you want fewer family farms?
Do you want smaller inheritances?
Tax something and you get less of it.
AND, the “fat cats” will still figure out loopholes.
Dumb, dumber, and dumbest.
Shrink the bloated Federal Gooferment.
Reduce taxes on EVERYONE!
Argh!
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Reinke Faces Life 