Obamaspeak: Tax Breaks are "Spending in the tax code"

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Posted by Brian

Obama Calls Absence of Tax Increases 'Spending In the Tax Code'

Tuesday, July 05, 2011
By Fred Lucas

(CNSNews.com) – President Barack Obama called for tax hikes in his weekly address released on Saturday, calling the absence of new tax increases “spending in the tax code."
Talking about dealing with the federal deficit, Obama said: “And nothing can be off limits, including spending in the tax code, particularly the loopholes that benefit very few individuals and corporations.”
READ MORE HERE--->  http://www.cnsnews.com/news/article/obama-justifies-raising-taxes-cutting-sp-0