New York City Mayor Michael Bloomberg writes an opinion article for the Wall Street Journal. He argues that taxes should be increased to help begin reducing the Federal government's spending deficit, but that Obama's tax the rich campaign is a waste of time political strategy. Even if his blocked proposals were to pass, the increased government revenue would hardly affect our current deficit, something that cannot truly be tackled without serious spending cuts. His article shares more thought about how to address these complex problems.
You can find the article here on the Wall Street Journal website
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