President Obama's budget proposal includes everything from deductions for top earners to packs of cigarettes. The president's newly released claim is supposed to include $580 billion in new revenue over the next decade. However, when all taxes and fees are counted it will more than likely amount to $1 trillion.
As President Obama stated not too long ago, he's not through raising taxes. He is correct. He can't squeeze enough money from the average taxpayer. The problem isn't a lack of revenue, but its too much OVERSPENDING! The Obama administration can't spend enough. It's spend, baby, spend.
To read about some of the proposed tax increases in Obama's 2014 budget, click on the above link from FoxNews.com.
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