Obama says he's open to higher taxes on the wealthy, saying 'I've got a lot of room to pay more taxes'

Obama says he's open to higher taxes on the wealthy, saying 'I've got a lot of room to pay more taxes'Obama says he's open to higher taxes on the wealthy, saying 'I've got a lot of room to pay more taxes'

• Former President Barack Obama told Democrats at a California fundraiser on Thursday evening that he was open to higher taxes on rich people, including himself, according to a report in The New York Times. • "I've got a lot of room to pay more taxes — and I already pay really high taxes," he said. • Obama's remarks come as the current slate of Democratic candidates propose a variety of higher taxes on the rich, including imposing new ones on capital gains and other Wall Street transactions. Former President Barack Obama told Democrats at a California fundraiser on Thursday evening that he was open to higher taxes on rich people, including himself, according to a report in The New York Times. "I've got a lot of room to pay more taxes — and I already pay really high taxes," he said. "That's one area where, I guarantee you, where you will get Joe six-pack and the single inner-city mom agreeing. They would like to see a little bigger share of the pie and you know, the rent is too damn high." He noted that the debate around taxes had changed significantly since the time he ran for president, The Times reported. Obama's remarks come as the current slate of Democratic candidates propose a variety of higher taxes on the rich, including imposing new ones on capital gains and other Wall Street transactions. And Sens. Elizabeth Warren and Bernie Sanders have laid out plans to implement a wealth tax in the United States that would ...
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