excerpt.....The White House announced yesterday that President Obama would veto a tax plan being negotiated by House Republicans and Sen. Harry Reid (D-NV) that would make permanent hundreds of billions of dollars in tax breaks for the wealthy and corporations. In a statement Sen. Bernie Sanders called the tax cut plan crazy, “This tax cut agreement does exactly the wrong things. At a time of massive wealth and income inequality, it extends huge tax cuts to the rich and large corporations while threatening programs that help low-income children. At a time when we need to reverse climate change and aggressively move to sustainable energy, this agreement fails to eliminate tax benefits for the fossil fuel industry but phases out tax credits for wind and solar. This is pretty crazy stuff. I strongly support the president’s decision to veto it.”
Posted on: Thu, 27 Nov 2014 01:34:54 +0000
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