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Obama Says Rich Americans Must Pay Fair Share For Deficit Cuts

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Obama Says Rich Americans Must Pay Fair Share For Deficit Cuts
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저작자 미상 (저작물 2267374 건)
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2011-09-20
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요약정보
US President Barack Obama has put forward a three trillion US dollar plan to cut America's deficit by raising taxes on the rich.
Speaking at the White House on Monday‚ the president called for 1.5 trillion dollars in new taxes‚ as part of the 10-year deficit reduction package‚ and said wealthy Americans should pay their fair share.
[Interview : Barack Obama‚ US President] "For us to solve this problem‚ everybody‚ including the wealthiest Americans and biggest corporations have to pay their share."
Obama vowed to veto any effort by congressional Republicans to cut Medicare benefits for the elderly without raising taxes as well.
His plan would end Bush-era tax cuts for top earners and limit their deductions.
The president's plan has been sharply criticized by Republican lawmakers‚ who insist that tax increases should play no part in taming the nation's escalating national debt.
Anticipating the criticism‚ Obama said the middle class should not pay higher rates than millionaires.
[Interview : Barack Obama‚ US President] "It is wrong that in the USA‚ a teacher or a nurse or a construction worker who earns 50-thousand dollars should pay higher tax rates than someboy pulling in 50 million dollars."
US Treasury Secretary Timothy Geithner explained the principle of taxing the rich‚ also known as the Buffet tax.
[Interview : Timothy Geithner‚ US Treasury Secretary] "The basic principle at the heart of the 'Buffet Principle' is that if you're among those fortunate few in the US‚ we should make sure ou pay‚ as a share of income and taxes‚ more than what a middle class family pays."
The deficit cut proposal will go to a congressional "super committee" charged with finding up to 1.5 billion dollar in deficit cuts by November.
However‚ although the White House believes its populist pitch is one that can win public support‚ many experts say Obama's plans have little chance of passing Congress.
Hwang Sung-hee‚ Arirang News.
Reporter : ssung86@arirang.co.kr
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