Reuters: Politics: Obama: more tax revenue needed to address deficit - CBS

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Obama: more tax revenue needed to address deficit - CBS Feb 3rd 2013, 22:00 Tweet Share this Email Print Related News Obama might back territorial tax system: business chief Thu, Jan 31 2013 Corporations fear big tax hikes in White House budget Wed, Jan 30 2013 Obama pushes Congress on immigration, split emerges Tue, Jan 29 2013 Obama loyalist McDonough named White House chief of staff Fri, Jan 25 2013 Confident Obama lays out battle plan as he launches second term Tue, Jan 22 2013 Analysis & Opinion Opting into the Voting Rights Act Essential reading: India sees end to Vodafone tax dispute, and more U.S. President Barack Obama addresses a news conference at the White House in Washington, January 14, 2013. Credit: Reuters/Jonathan Ernst WASHINGTON | Sun Feb 3, 2013 5:00pm EST WASHINGTON (Reuters) - President Barack Obama said on Sunday more tax revenue would be needed in the coming years to reduce the U.S. deficit but raising tax rates was not a key issue. "I don't think the issue right now is raising rates," Obama said in an interview on CBS. "There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit. And we can do it in a gradual way so that it doesn't have a huge impact," he said. At the beginning of the year Obama pushed through legislation to address the U.S. "fiscal cliff" that raised income tax rates on households making more than $450,000 a year. (Reporting by Jeff Mason; Editing by Eric Walsh) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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