Thursday, January 10, 2013

Tim Carney: Tax hikes on the rich to pay for corporate welfare | WashingtonExaminer.com

 

Obama's income tax hikes will raise $22.5 billion this year (compared with extending all the Bush tax cuts), while the special-interest business and energy tax credits he demanded will reduce revenue by $65.3 billion, according to data from the Joint Committee on Taxation.

Republican sources told me and other reporters that the White House "absolutely insisted" on loading up the fiscal cliff deal with a package of targeted tax break extensions that had passed the Senate Finance Committee in August. The White House did not respond to a string of phone calls and emails seeking confirmation, denial or clarification

Tim Carney: Tax hikes on the rich to pay for corporate welfare | WashingtonExaminer.com

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