Belfast Telegraph

Thursday 21 August 2014

Obama budget targets America's wealthiest

President Barack Obama's next budget will hit America's wealthy with higher taxes to help cut $4trn from the country's deficit over the next 10 years.

His $3.8trn dollar election-year budget - as much a political document as spending plan - sets him apart from Republicans opposed to higher taxes.

Mr Obama rejected Republican charges of class warfare. "This is about the nation's welfare," he said.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk