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Voya Financial, Inc : Pomona Investment Fund Now On iCapital Marketplace
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dan simon, living the collective dream in san francisco. cnn newsroom continues right now. hello, everyone, president obama is just about to land in columbus, ohio, to campaign for the jobs bill that republican leaders of congress are openly rejecting. barely 24 hours ago the president showed off his american jobs act and demanded congress pass it with, and i quote, no games, no politics, no delays. but then came the details of how the $447 billion package would be paid for. two words. tax hikes. and you could hear the opposition digging in. the biggest hike by far would be a cap on itemized deductions for high earners. the white house estimates that would raise $400 billion over four years. the bill would also close loopholes enjoyed by oil and gas companies, raising an estimated $40 billion. it would raise taxes on investment fund managers and scale back depreciation rules for corporate jets and suddenly republicans who had been promising to hear the president out had h
obama unveiled a $3.8 trillion budget plan today. here is what he had to say about tax cuts. i proposed a fee on big banks to pay back taxpayers for the bailout. we re reforming the way contracts are awarded to save taxpayers billions of dollars and while we extend middle class tax cuts in this budget we won t continue tax cuts for oil companies, investment funds managers and nothose making ove $250,000 a year. we just can t afford it. larry: james, what do you make of the idea of middle class tax cuts but $250,000 and up, you don t get a break? well, i think it makes a lot of sense. we had the most prosperous years we ever had as a country when president clinton introduced his fiscally responsible plan in 1993. middle class people, when they get a tax cut, they ll go out and spend it.