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Barack Obama said Monday that the rich and the corporations have to pay "the fair" tax

Barack Obama said Monday that the rich and the corporations have to pay "the fair" tax, on presentation of an additional deficit reduction plan of 3,000 billion dollars, and that provides a tightening of income taxation for individuals high AFP.

"We can not get out of this gap only by reducing costs," said the president, referring to the huge U.S. deficit, "it is natural to ask all the right to pay".

"We can not allow these lower tax rates for the rich. We can not allow us given that we suffer massive deficits," he rermarcat Obama, who does not want to extend beyond the end of 2012 - the expiry date - facilities tax relief richest American Republican predecessor, George W. Bush.

"There is a class struggle, is mathematics," he mocked the president, very combative, in response to criticism of its opponents Republicans who accuse it wants to punish those who have succeeded and to discourage such "job creators".

The President, who face high unemployment rates and poor in polls 14 months before presidential elections in November 2012 showed that "middle-class taxpayers should not pay higher taxes than millionaires and billionaires."

Obama proposals would cut months with 4.400 billion U.S. deficit over the next ten years, taking into consideration the 1.200 billion resulting from the agreement between the White House and Congress in early August.

Half of the amounts mentioned are new measures of the economy and half new income tax.

Some milioanari are charged less, because their investments - value added, dividends and other interests - are currently taxed less than wages.

Obama warned that Republicans will use the veto against any bill that will reduce health costs for seniors without an increase in taxes to contain the richest Americans and corporations.

Without any surprise, Obama's opponents have reacted with hostility to this speech. "Threats to veto a massive tax increase, saving and sending the ball deceiving the opponent's court regarding the issue of social programs, this is not a recipe for economic growth or jobs, or even to a significant reduction in deficits"said Mitch McConnell, the Senate minority leader.

Mitt Romney, one of the best-placed candidates for investiture Republican, said that "tax increase plan will be presented by a devastating failure on economic growth".

REFERENCES
Limit tax deductions for municipal bonds: Obama's idea is not yet justified
Monday U.S. President will propose a new deficit reduction of $ 3,000 billion
Barack Obama proposes a new tax on Americans who earn more than a million dollars a year

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