SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (159601)2/3/2009 2:56:48 PM
From: SiouxPal1 Recommendation  Read Replies (1) | Respond to of 363087
 
Obama Considers Tax on Cabinet

President Barack Obama is mulling a controversial new tax program that would require members of his Cabinet to pay taxes owed under the Federal tax code, the White House confirmed today.

While the unorthodox tax proposal is reportedly "only in the planning stages," it is being eyed as a possible way to balance the Federal budget.

"According to projections, if members of the Cabinet actually paid their taxes, we could wind up with a budget surplus in excess of $18.2 billion," said Obama economic adviser Paul Volcker.

Mr. Volcker said he strongly favored the plan, but added, "Fortunately for me, I'm not officially in the Cabinet."

But imposing taxes on Cabinet members may be easier said than done, critics of the plan warn.

"Remember, these people are not used to paying taxes," said one White House source. "They are going to be hopping mad about this."

Another wrinkle in the plan is how the taxes would actually be collected, with President Obama reportedly favoring a cash-at-the-door entry fee for every Cabinet meeting.

"If they don't have the money, they don't get in," said the source. "They're not going to be able to just sail into the White House for free like the Jonas Brothers."

When told of Mr. Obama's plan to make his Cabinet members pay taxes, Fmr. Sen. Tom Daschle responded, "Whew! Sounds like I dodged a bullet."

huffingtonpost.com