Tax the Rich Aspect of Jobs Bill Punted to Super Committee

President Obama wants to pay for his $447 billion American Jobs Act with a mix of so-called revenue enhancers, mostly by taxing the wealthy. The president said Monday he hopes the special congressional supercommittee already charged with making $1.5 trillion in cuts to reduce the deficit by Nov. 23 will "overachieve" and consider his proposals to pay for the plan, which is intended to stimulate job creation. Republican reception was cool, with the party's top leaders saying tax increases are...Full Story
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