White House says Obama would veto Republican tax cut

By REUTERS
April 17, 2012 23:55

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - The White House said on Tuesday that US President Barack Obama would veto a small business tax cut proposal by Republicans in the House of Representatives that his Democrats complain is biased toward helping the rich.

A partisan fight over the bill, which is set to come up for a vote on Thursday, mirrors a wider election-year battle between Obama and his likely Republican challenger Mitt Romney over tax policy and how best to grow the US economy and shrink huge federal budget deficits.

It also follows the failure of the Democratic-controlled Senate on Monday to advance Obama's "Buffett Rule" legislation, named after billionaire Warren Buffett, to impose a minimum 30 percent income tax on millionaires.

Related Content

Breaking news
July 21, 2018
Gaza borders communities resume everyday life

By JPOST.COM STAFF