President Obama Pushes for Higher Taxes on the Richest

Using a German-owned truck factory as a grease-stained backdrop, President Obama on Monday pressed his case for higher tax rates for the richest Americans, declaring that his economic program would cut the deficit without crimping the job market.

“Our economic success has never come from the top down,” Mr. Obama said to a few hundred cheering autoworkers. “It comes from the middle out; it comes from the bottom up.”

A day after the president and the House speaker, John A. Boehner, held face-to-face budget talks at the White House, Mr. Obama took his case again to the American public — a tactic he has used repeatedly to go around reluctant party leaders in Congress.

via NY Times

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.