Tax
Mar. 6, 2015
Obama should reconsider a few tax hike proposals
Is the president personally responsible for all of the crazy tax proposals in his budget? Maybe not, but there's a lot of backpedaling he or his staff may want to do.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Since he has been president, Barack Obama has lobbied repeatedly to increase taxes, at least on the wealthy. There have been disagreements about exactly who is wealthy and exactly how those taxes should be implemented. Many would argue that the middle class is getting caught in the crossfire.
Obama has succeeded in raising taxes several times and in several ways. One key tax increase was the top tax rate, going from 35 percent to 39.6 ...
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