Obama calls for higher taxes on the rich in deficit plan
President Obama urged Congress to raise taxes on the wealthiest Americans to close a multi tril lion deficit gap of over 3 trillion. He vowed to veto any Medicare cuts without new revenue and stressed the plan targets tax loopholes and subsidies for large corporations while sparing Social Security and directing Medicare spending reductions to health providers.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
U.S
Obama
House
John Boehner
Cincinnati
Congress
White House
Obama unveils deficit plan with tax hikes and spending cuts
President proposes $1.5 trillion in revenue mainly from repealing Bush era tax cuts for couples earning over 250000, limits on deductions, end of oil subsidies, and $580 billion in mandatory program cuts including Medicare. Savings include $1 trillion from troop withdrawals. plan aims to create a joint committee to push up to 15 trillion in reductions. Republicans call it insufficient and warn of veto threats. He urges Congress to act and signals readiness to sign a bill with ready pens.
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U.S
Iraq
Afghanistan
Obama
Senate
Mitch McConnell
Joint Committee
White House
Rose Garden
Congress
New Obama plan targets deficits with new and higher fees
President Obama's deficit plan would raise about 130 billion dollars through new or raised fees on air travelers federal workers military retirees wealthier Medicare beneficiaries and new mortgage holders. Airline security fees would double and then rise to 15 dollars by 2017 while corporate jet owners face a 100 dollar per flight fee. Federal workers would contribute 21 billion more through a 1.2 percentage point paycheck deduction and military retirees would pay a 200 dollar fee at age 65 plus higher drug costs.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Trade aid program key to passing three free trade deals
The Kennedy era Trade Adjustment Assistance program may determine whether Congress approves three long-delayed free trade pacts with South Korea Colombia and Panama. Obama seeks expanded aid for workers displaced by trade while Democrats wary and Republicans overall supportive if the deals proceed. Senate aims to attach TAA provisions to a bill on market access for poorer countries, with 84-8 backing to begin consideration. The program offers retraining and financial aid through the Labor Department where average participant age is 46 and most have over 12 years in current jobs.
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Washington
Congress
Obama White House
Congressional Republicans
South Korea
Colombia
Panama
Barack Obama
George W. Bush
Senate
U.S
House
Senate Finance Committee
Max Baucus
Labor Department
Dolores Hope dies at 102 after long life with Bob Hope
Dolores Hope, longtime singer with Bob Hope and widow of 69 years, died at age 102 in Los Angeles from natural causes. Spokesman Harlan Bell confirmed the death on Monday. Archbishop Jose H. Gomez praised her faith and talent as the entertainment and church communities mourn.
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Los Angeles
Dolores Hope
Bob Hope
U.S
Hope
Harlan Bell
Jose H. Gomez
California
Ziggy Creator Tom Wilson Sr Dies at 80
Cleveland mourns Tom Wilson Sr the creator of Ziggy who died at age 80 his family said on Monday He passed away Friday from pneumonia as his son Tom Wilson Jr who took over in 1987 announced the
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Cincinnati
Wilson
Cleveland
American Greetings Card Company
Ziggy
Tom Wilson Sr
Tom Wilson Jr
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Associated Press
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Kelly
Blue Cross
Blue Shield of
Kansas
Bebsks.com
The
Blue Cross and Blue Shield Association
Ziggy Creator
Lawrence Marketplace
ICC General
Quality Structures, Inc
Richmond
Haven
Qualitystructures.com
Kansas Speedway
Race Kansasspeedway.com
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