Obama's Administration Plans To Get Rid or Lower U.S. Financial Deficit

Obama's Administration Plans To Get Rid or Lower U.S. Financial Deficit

Introduction

Obama after his re-election said that the number one priority of the White House and Congress should be economic growth and job creation. In 2010, during the budget negotiations with Republicans, Obama had pledged not to extend the cuts for the rich, but then changed its position in order to reach agreement. The Speaker of the House of Representatives, John Boehner, accepted the possibility of a tax reform, but without raising taxes on the rich, but by patching holes and lower ...