Barack Obama: Tax High Incomes More
on Monday, April 11, 2016Barack Obama Money Quote saying it’s best to increase taxes on those earning more than $250,000 yearly to balance our economic fairness. Barack Obama said:
“I think that we’ve had an economy that’s been out of balance for too long. So the general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven’t benefited as much from this new global economy, I think is a sound one” — Barack Obama
Share the Barack Obama Money quote image above on your site:
Short Link to this Quote:
In this quote, Barack Obama expresses his view that the U.S. economy has been unfairly tilted towards higher income individuals like himself for too long. He argues that as someone who has benefited from the current system, it is reasonable for his taxes and those of other high earners to be increased.
At the same time, Obama believes relief should be provided to Americans who have not gained as much financially from recent economic trends.
Overall, the quote suggests Obama supports a more balanced approach where the tax system generates more revenue from those with higher incomes to help fund programs and services that offer support for lower and middle income people struggling in the new globalized economy according to his perspective at the time.