President Obama’s Own Words: $1.2 Trillion In Additional Revenues – Without Hiking Taxes

President Obama’s Own Words: $1.2 Trillion In Additional Revenues – Without Hiking Taxes

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President Obama’s Own Words

President Obama Once Admitted That ‘$1.2 Trillion In Additional Revenues… Could Be Accomplished Without Hiking Taxes — Tax Rates’

 

PRESIDENT OBAMA: “What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking taxes — tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base.” (President Obama, Remarks At The White House, 7/22/11)

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.