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Obama Considering Raising Taxes

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Posted on February 11 2010 11:30 am
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by Kenneth R. Bazinet

President Obama says he is now “agnostic” about raising taxes on households making under $250,000 a year to help cut budget deficits, signaling a possible retreat from a campaign pledge.

In an interview with Bloomberg BusinessWeek on newsstands Friday, Obama said a presidential budget commission needs to look at all options for deficit reduction – including tax increases and cuts in spending on such programs as Social Security and Medicare.

Read more at New York Daily News.

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