This Improbable Quest, by John Wilson: on Tax Reform

Trillion dollar giveaway: the Paris Hilton Tax Break

Obama said, “Domestically, our national debt and budget constrain us in ways that are going to be very far-reaching. And I think whoever is elected in 2008 is going to be cleaning up the fiscal mess that was created as a consequence of the president’s tax cuts.” Obama opposed repealing the estate tax: “Let’s call this trillion dollar giveaway what it is--the Paris Hilton Tax Break. It’s about giving billions of dollars to billionaire heirs and heiresses as a time when American taxpayers just can’t afford it.“ Obama has proposed to ”reverse some of those tax cuts that went to the wealthiest Americans.“ As Obama put it, ”It’s not as if rich people were suffering under Bill Clinton.“ Source: The Improbable Quest, by John K. Wilson, p.155 Oct 30, 2007

The above quotations are from Barack Obama: This Improbable Quest, by John K. Wilson. Click here for definitions & background information on Tax Reform. Click here for other issues (main summary page). Click here for more quotes by Barack Obama on Tax Reform.
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