Quote:
Originally Posted by nation-x
Like I said... bullshit source.
http://www.whitehouse.gov/the-press-...rican-jobs-act
I am waiting for the actual bill text to be posted... but I certainly don't think it contains anything limiting deductions for those earning $250k or higher... for a very simple reason... Obama is trying to get the bill passed. Republicans would never agree to the bill if it contains language such as that. |
This a better source? But you are half right, it limits deductions for individuals making $200k a year.
Quote:
Budget director Jacob "Jack" Lew told reporters Mr. Obama's plan would limit tax deductions for individuals making $200,000 a year or families making $250,000, which he said would raise about $400 billion over the next decade.
Changes in the way investment partnership income is treated would raise another $18 billion, ending tax subsidies to oil companies would raise about $40 billion and tax adjustments on corporate jets would raise $3 billion. All told, the tax increases would total $467 billion.
|
http://www.washingtontimes.com/blog/...-just-not-yet/