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Obama Set to End Tax Breaks To Pay for His Jobs Program
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Obama Set to End Tax Breaks To Pay for His Jobs Program

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Obama Set to End Tax Breaks To Pay for His Jobs Program

President Obama plans to end tax breaks for hedge funds and those earning more than $200,000 to pay for his $447 billion jobs program, the White House said.

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The payment method the White House announced Monday would consist of:
--$405 billion from limiting the itemized deductions for charitable contributions and other deductions that can be taken by individuals making over $200,000 a year and families making over $250,000;
--$41 billion from closing loopholes for oil and gas companies;
--$18 billion from requiring fund managers to pay higher taxes on certain income;
--$3 billion from changing the tax treatment of corporate jets.
>
>
Same old crap...obama doesn't want to encourage charity unless it's by the government...Translate that as government knows how to manage your money better than you do. Oh and let's destroy the corpoate jet industry and put some more people out of work. Thanks ...(insert expletive)

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