What else is new, other than the amount Obama now says is the evil "rich" just went down to $200K from $250K....Funny how that keeps creeping down...WASHINGTON—President Barack Obama would pay for his $447 billion jobs plan by ending a series of tax breaks for oil and gas companies, hedge-fund managers and people making more than $200,000, the White House said Monday.In total, Mr. Obama's plan would end about $467 billion of tax breaks over 10 years, said White House Office of Management and Budget Director Jack Lew. The president has previously proposed ending the tax breaks, but has faced stiff resistance from Republicans.
ReutersPresident Obama holds a copy of the "American Jobs Act" he will send up to Congress for passage while standing next to Vice President Biden in the Rose Garden Monday.
By choosing to end the tax breaks, the White House is likely setting itself up for a fight with Republicans. Obama Seeks to End Tax Breaks to Pay for Jobs Plan - WSJ.com