Tax Hike Will Be for FY2011

Feb 25, 2009 6:49pm

The $318 billion President Obama wants to raise over the next ten years for his $634 billion Health Care Reserve Fund — from reducing the itemized deduction rate for families with incomes over $250,000, limiting it to 28 percent — that he wants to raise in FY2010.

- jpt


The White House changed its information late Wednesday and now says that the tax hike will take place in fy2011.

You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus