Quote by Barack Obama
I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.
Summary
In this quote, the speaker expresses their desire to overhaul the tax system to make it more straightforward and just. They propose that the wealthiest households should be subject to higher taxes on incomes exceeding $250,000, mirroring the tax rate during the presidency of Bill Clinton. The speaker also highlights the positive outcomes achieved during this time, such as substantial job creation, a significant budget surplus, and the emergence of a substantial number of millionaires. The quote suggests that returning to this tax rate could potentially bring about similar economic successes.
Topics
History
By Barack Obama
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