Obama will call to end Bush-era tax cuts on wealthy
April 13th, 2011
09:19 AM ET
7 years ago

Obama will call to end Bush-era tax cuts on wealthy

Washington (CNN) - President Barack Obama will call Wednesday for an end to the Bush-era tax cuts for Americans making over $250,000 annually, according to a senior administration official.

Filed under: President Obama
soundoff (62 Responses)
  1. gkh

    Do you Remember when teachers, public employees, Planned Parenthood, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, gave themselves billions in bonuses, and paid no taxes? Yeah.. Me Neither.

    April 13, 2011 10:01 am at 10:01 am |
  2. tristan

    Its about time! i dont understand all these people who defend the rich.... keep defending the richman's money, do you thiink he will defend you and yours?

    April 13, 2011 10:01 am at 10:01 am |
  3. Me

    Great, we made $85 last year and paid over $5k in taxes. It's time to put the middle class first. Now, if we could do something about corporations like GE that paid nothing.

    April 13, 2011 10:03 am at 10:03 am |
  4. Elizar

    Sounds great, those Bush tax cuts have to go. I think we all have to do our part and how about getting the big corporations to pay more taxes and take less diductions .

    April 13, 2011 10:04 am at 10:04 am |
  5. Prevent

    Bernie Sanders put together a list of the top ten corporate freeloaders. Look for it on NationalNurses. add up what the likes of ONLY ten of many more rich corporations that received WELFARE (free money) and it adds up to $4.5 TRILLION, sometimes after $0 in taxes on multimillion dollar profits. Social Security has a surplus of $2.5 trillion. Should Bush's tax breaks to the rich be halted OR shall we balance the budget on the backs of Seniors like Ryan would have us do? Stop giving taz breaks to Exxon, Goldman Sachs, Boeing, Carnival Cruises, Valero. The rich should pay their fair share! No welfare to the rich! And another thing...GOP, keep your cotton pickin hands of healthcare and education you bunch of weasels!!!!

    April 13, 2011 10:04 am at 10:04 am |
  6. Bill

    That's smart, now how is my employer going to aford to give me a rise, pay taxes, and pay for my medical insurance? Stooped, when we are all in the wellfare line, who will be left to sign the checks?

    April 13, 2011 10:05 am at 10:05 am |
  7. USNdiver

    So ...Tax the rich . Then what . obama is still spending . Who will he tax when he runs out of rich?

    April 13, 2011 10:06 am at 10:06 am |
  8. diridi

    way to go...obama, cut also defense...but please do not cut needed things, like medicare, education, infrastructure, energy etc., and strict immigration....put troops on borders....o.k, bust tax cheats...it will solve....god bless...do not worry of poll numbers, they are fool numbers...o.k...

    April 13, 2011 10:08 am at 10:08 am |
  9. R Buck

    It's long overdue! I hope it includes the corporate loopholes as well. Now we can get serious about deficit reduction and protecting everyone's grandchildren from shouldering our debt!

    April 13, 2011 10:10 am at 10:10 am |
  10. anthony dente

    let the bush tax cuts end. I'm single and can't afford to own a dwelling so I can have tax write off's to hide behind. the more hours I work the more I get taxed so what's the point of working harder? so I can pay the difference in taxes that the rich don't have to pay? Or the difference in taxes and social security that undocumented workers don't pay? which make the rich even richer? its not right. good luck with trying to change anything. because the rich control the government anyway. the rich will threaten to leave and not invest in this or that, or they'll threaten not to back certain politicians unless they get they're way. so leave! this country has turned itself into a discrace.

    April 13, 2011 10:10 am at 10:10 am |
  11. joe

    Until the government stops spending more than it collects we will not be able to reduce our debt. Simply raising taxes on "the rich" is a failed policy and approach. Try that approach next time having lunch with a friend(s), make the one that makes the most pay more, see how long it takes for that friend to stop joining you for lunch.

    April 13, 2011 10:11 am at 10:11 am |
  12. Lucullus

    Oh yeah, we'll all hold our breaths waiting for that to happen. If he does find the stones to suggest such a thing you can bet that he'll back off like a frightened 8 year old girl when the Jack Boot Right expresses their displeasure.

    What a waste that man is

    April 13, 2011 10:16 am at 10:16 am |
  13. james Miller

    Bout time. -- If the older, poorer citizens are to feel the budget pain; it`s only fair the pain is felt all the way up including the wealthiest. The old BS of "job creation" by the rich is long gone. We had that speech during the Bush years- and look at where that got us !!!!!!! ---– Defense expenditures should be on the chopping block also, and not just token cuts either. How many $200K bombs do we need?????? Corporations now are running America and PEOPLE need to take their country back.---–

    April 13, 2011 10:17 am at 10:17 am |
  14. Gail

    It's about time Mr President! We worked very hard to put you in office, and you need to step up to the plate and show this country that you mean business. This country is in very big mess and I have a very big fear of the way we are headed. Knowing this would not be an easy fix, with the condition our country was in when the keys were handed over to you, we need to move along and make a lot of progress if you are to remain in office.

    April 13, 2011 10:19 am at 10:19 am |
  15. apib

    how is that for "serious" about debt reduction. spending is only a part of the problem.....our economy was great under clinton and these tax levels. if trickle down economics works sooooo well, why are we such a mess?

    April 13, 2011 10:21 am at 10:21 am |
  16. Jeff Brown in Jersey

    That would be a very good start Mr. President!

    April 13, 2011 10:22 am at 10:22 am |
  17. big Al

    Mr President, let us know how that works out for you! People will only cut back.

    April 13, 2011 10:24 am at 10:24 am |
  18. Financial Advisor

    Stupid president – he spends too much then asks the small business owner to pay for it instead of investing in their own company to hire people...

    April 13, 2011 10:24 am at 10:24 am |
  19. John

    Ut's time to get serious about deficit reduction. 1)If everything is on the table, then repeal all of the Bush tax cuts not just part of it.
    2)Increase the retirement age to 70.
    3)Eliminate the loop holes in the tax code for corporate and individual taxes.
    4)Trim the bearaucratic fat from each department of the federal government. Make agencies more efficient, eliminate pork barrell projects, decrease the number of upper level management.

    April 13, 2011 10:26 am at 10:26 am |
  20. billy

    I think there should be government salary cuts if they really want to help the USA

    April 13, 2011 10:27 am at 10:27 am |
  21. Doug Evans

    Is 250K for a family really the wealthy of america? A couple with four kids where both spouces work with one making a little over 100K and the other a little less than 150K, paying a nanny 35K is not wealthy. I'm for raising taxes on the wealthy but let's make sure it's truely the wealthy, 1 million for couples and 500K for individuals.

    April 13, 2011 10:28 am at 10:28 am |
  22. Rudy NYC

    We have heard the call before. When is the push?

    April 13, 2011 10:29 am at 10:29 am |
  23. Name

    That's pretty good idea, go ahead Mr president.

    April 13, 2011 10:31 am at 10:31 am |
  24. Bridget charleston

    Its about time the wealthy give just a little more than they have been. If you compare the average family income to those wealthy, it wpuld hurt us a lot more than them!

    April 13, 2011 10:31 am at 10:31 am |
  25. terry,va

    Let all the Bush tax cuts expire. That will get 4 trillion in revenue. To raise taxes on just the top 2% brings in 1.5 trillion. Why are the class warfare Obummie? Bush cut all tax rates. You just want to raise taxes on the top 2% that already pay 41% of the bill.

    April 13, 2011 10:32 am at 10:32 am |
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