Higher tax on rich

Obama’s bold budget dicards Bush ideology in bid to lift economy

U.S. President Barack Obama blamed current economic woes on “an era of profound irresponsiblity.”
– ANDREW TAYLOR
ASSOCIATED PRESS
WASHINGTON- U.S. President Barack Obama charted a dramatic course for the United States with a bold but contenttious budge proposing higher taxes for the wealthy and the first steps toward guaranted health care for all Americans.
The budget was accompained by an astonishing $1.75 trillion federal deficit that would be nearly four times the highest in history. In a veiled jibe at George W. Bush’s eight- year presidency, Obama attributed the current economic maelstrom to “an era of profound irresponsibilty that engulfed both private and public institutions from some of our largest companies’ executive suites to the seats of power in Washington, D.C.”

Denouncing what he called the “dishonest accounting” of recent federal budgets, Obama unveiled his own $ 36 trillion blueprint for next year, a proposal tha would transfer walth from rich taxpayers to the middle class and the poor….

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