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Obama Says Ending The Tax Relief For The Wealthy Are Not Radical |
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Thursday, 30 June 2011 06:27 |
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 President Barack Obama said it is not a radical idea to end tax relief to oil producers who are rich and high productive as well as the gas company.
Speaking at a press conference at the White House, Obama says the Government cannot reduce deficits by keeping all the tax relief today. Obama said if millionaires and billionaires to get the right to keep their taxes remain low, senior citizens and the poor will bear the brunt of the burden of the additional cuts.
White House pushes some increased taxes on the rich or the removal of tax cuts for big corporations and wealthy people as part of a deficit-cutting plan was negotiated with bipartisan members of Parliament.
Obama said he was confident that the members of Parliament can reach an agreement with the Government.
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