Sunday, 18 September 2011

Obama to reveal deficit reduction plan

President Obama's deficit reduction plan is set to go public on Monday with an expected call for tax reforms. STORY HIGHLIGHTSRepublicans accuse President Obama of waging class warfareDemocrats say the nation will tire of Republican slash-and-burn politicsMonths later, the debate boils down to the same core issue: Taxes (CNN) -- There is a war going on in Washington, and the politicians waging it can't even agree on what kind it is.

To Republicans, President Barack Obama and Democrats are waging class warfare by proposing tax reforms that would make wealthy Americans pay more than they do now.

"When you pick one area of the economy and you say, 'We're going to tax those people because most people are not those people,' that's class warfare," Sen. Lindsey Graham, R-South Carolina, said Sunday on CNN's "State of the Union."

Democrats refer to political warfare, with Republicans blocking the Obama administration's initiatives to better their chances of defeating him in next year's election.

"I don't think people like that style of politics and that's the reality ... we'll be facing in November 2012," Sen. Dick Durbin, D-Illinois, said on the same program.

The result for now is a rehash of the same arguments that have dominated the national debate of the past two years on how to cut the federal deficit and national debt.

On Monday, Obama will make public his deficit reduction plan with an expected call for tax reforms and changes to the Medicare and Medicaid government health care programs for senior citizens, the disabled and the elderly.



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