Obama emphasizes tax cut at State of the Black Union

babsbunny

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Sat Feb-28-09 06:24 PM
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Obama emphasizes tax cut at State of the Black Union

http://thehill.com/leading-the-news/obama-emphasizes-tax-cut-at-state-of-the-black-union-2009-02-28.html

By Jeremy P. Jacobs
Posted: 02/28/09 05:22 PM

President Barack Obama emphasized a �progressive� tax cut that will benefit black Americans in his video address to the State of the Black Union on Saturday.

In his prepared remarks released by the White House, Obama said his tax cut will provide a necessary spark to the receding economy, an economic principle traditionally associated with Republicans.

�We have also provided the most progressive tax cuts in history; 95 percent of working people will benefit,� he said. �We will create or save 3.5 million jobs and lift more than two million people out of poverty.

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FrenchieCat

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Sat Feb-28-09 06:27 PM
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1. He emphasized a lot more than that.......

But I guess that was one of the things.

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BlooInBloo

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Sat Feb-28-09 06:28 PM
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2. hahaha! How is a tax cut for 95% of working people "associated with republicans"?

:rofl:

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Cha

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Sat Feb-28-09 06:59 PM
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3. Obama comes in on the screen with

some facts..

"In his remarks, Obama also suggested that tax cut will lead to employment equality for black Americans, who currently face higher unemployment rates than the rest of the country.

�These are policies that will make a big difference in the African American community,� he said. �You know that tough times for America often mean tougher times for African Americans. This recession has been no exception. The unemployment rate among black Americans is a full five points higher than the rate among Americans as a whole.�

Obama has dubbed his tax cut �progressive� because it seeks to address inequalities in the tax code that developed during the Bush administration. Obama�s budget calls for significantly raising taxes on the wealthiest Americans, individuals who earn $200,000 or more per year or couples who earn $250,000 per year, through measures such as an increased capital gains tax rate, which was reduced by the Bush administration.

The Obama administration projects that those tax increases would bring in an additional $1 trillion to the government that will be used to help fund expanded government programs in areas such as healthcare that will benefit the middle and lower classes."

And, what did steele have?

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