“Rebalancing the Tax Code,” aka: Taxing the Rich

    Obama plans to ask Volcker, Goolsbee and the panel for a package of recommendations to be on his desk Dec. 4…

    There will be two restrictions imposed on the tax review task force, Gavin said. There should be no increase in taxes on families earning less than $250,000 per year, and taxes should not be increased in 2009 or 2010, he said.

    Continuing the tax cut beyond 2010 “remains a major pillar of the president’s budget,” Gavin said.



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