Obama Tax Proposal Exchanges Conciliation for Confrontation
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President Barack Obama set aside his stance as compromiser-in-chief to champion the populist cause of “fairness” for the middle class in the struggle over how to bring down the nation’s budget deficit.
Obama yesterday targeted the rich for $1.5 trillion in tax increases over the next decade and threatened to veto any cut to benefits under the Medicare health-insurance plan for the elderly unless wealthy Americans pay higher taxes.