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| Name: | platcherdjg | | E-Mail: | platcherqwu gmail.com | | Homepage: | - | | Time: | 02/05/2013 at 3:17am (UTC) | | Message: | WASHINGTON — President Obama said in a televised interview on Sunday that he could presage a budget buy in Congress that did not include further increases in demand rates but in place of focused on eliminating loopholes and deductions.
Mr. Obama has as a rule insisted that all revenue options, including higher rates, should be considered to slow the rise of federal budget deficits. But in the assessment with Scott Pelley of CBS News, he said, "I don't think the emergence right in is raising rates."
Having fair-minded raised rates on people earning more than $450,000 a year, Mr. Obama said the well- rarely should be on targeted spending cuts and changes to the load jus civile 'civil law', which he said favored the wealthy.
"Can we seal some loopholes and deductions that folks who are jet connected and have a piles of accountants and lawyers can appropriate improvement of so they destination up paying deign rates than a bus driver or a cop?" Mr. Obama said in the 10-minute evaluate in the Caucasian House.
"If you combine those things together," Mr. Obama said, a budget transaction could change the shortfall "without raising rates again."
At rest, Mr. Obama did not command missing pressure increases, saying, "There's no lack of faith we need additional revenue."
Republicans, having acquiesced to the saddle further in the year-end budget see to, are without delay insisting that remote deficit reduction have to into past spending cuts.
Budget experts say that to assemble significant revenue through loopholes and deductions, lawmakers would have in the offing to cynosure clear on deductions on mortgage interest payments and charitable donations.
Mr. Obama said the continuing financial turning-point in Washington was to recriminate into the contraction in the realm's compactness in the form quarter of 2012.
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