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| 2/5/2013 10:40:12 PM |
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| 2/5/2013 10:40:10 PM |
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| 2/5/2013 10:40:07 PM |
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| 2/5/2013 10:40:03 PM |
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| 2/4/2013 11:44:58 PM |
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| 2/4/2013 7:40:02 PM |
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| 2/4/2013 5:15:58 PM |
WASHINGTON — President Obama said in a televised appraise on Sunday that he could foretell a budget administer in Congress that did not cover promote increases in cess rates but instead focused on eliminating loopholes and deductions.
Mr. Obama has mainly insisted that all profits options, including higher rates, should be considered to late the flight of federal budget deficits. But in the conversation with Scott Pelley of CBS Scandal, he said, "I don't make up the emergence right in is raising rates."
Having just raised rates on people earning more than $450,000 a year, Mr. Obama said the well- rarely should be on targeted spending cuts and changes to the customs organization, which he said favored the wealthy.
"Can we close some loopholes and deductions that folks who are okay connected and receive a piles of accountants and lawyers can adopt use of so they limit up paying lower rates than a bus driver or a cop?" Mr. Obama said in the 10-minute talk in the White House.
"If you bond those things together," Mr. Obama said, a budget handle could break down the shortfall "without raising rates again."
Still, Mr. Obama did not in the main missing exact increases, saying, "There's no lack of faith we prerequisite additional revenue."
Republicans, having acquiesced to the saddle further in the year-end budget understanding large, are now insisting that supplementary deficit reduction must get during spending cuts.
Budget experts asseverate that to assemble sizeable receipts during loopholes and deductions, lawmakers would have to focus on deductions on mortgage captivate payments and charitable donations.
Mr. Obama said the continuing financial crisis in Washington was to recriminate for the contraction in the state's economy in the last quarter of 2012.
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