Post by MO on Feb 5, 2009 23:53:20 GMT -5
President Barack Obama is mulling a controversial new tax program that would require members of his Cabinet to pay taxes owed under the Federal tax code, the White House confirmed today.
While the unorthodox tax proposal is reportedly "only in the planning stages," it is being eyed as a possible way to balance the Federal budget.
"According to projections, if members of the Cabinet actually paid their taxes, we could wind up with a budget surplus in excess of $18.2 billion," said Obama economic adviser Paul Volcker.
Mr. Volcker said he strongly favored the plan, but added, "Fortunately for me, I'm not officially in the Cabinet."
But imposing taxes on Cabinet members may be easier said than done, critics of the plan warn.
"Remember, these people are not used to paying taxes," said one White House source. "They are going to be hopping mad about this."
Another wrinkle in the plan is how the taxes would actually be collected, with President Obama reportedly favoring a cash-at-the-door entry fee for every Cabinet meeting.
"If they don't have the money, they don't get in," said the source. "They're not going to be able to just sail into the White House for free like the Jonas Brothers."
When told of Mr. Obama's plan to make his Cabinet members pay taxes, Fmr. Sen. Tom Daschle responded, "Whew! Sounds like I dodged a bullet."
www.borowitzreport.com/article.aspx?ID=6989
While the unorthodox tax proposal is reportedly "only in the planning stages," it is being eyed as a possible way to balance the Federal budget.
"According to projections, if members of the Cabinet actually paid their taxes, we could wind up with a budget surplus in excess of $18.2 billion," said Obama economic adviser Paul Volcker.
Mr. Volcker said he strongly favored the plan, but added, "Fortunately for me, I'm not officially in the Cabinet."
But imposing taxes on Cabinet members may be easier said than done, critics of the plan warn.
"Remember, these people are not used to paying taxes," said one White House source. "They are going to be hopping mad about this."
Another wrinkle in the plan is how the taxes would actually be collected, with President Obama reportedly favoring a cash-at-the-door entry fee for every Cabinet meeting.
"If they don't have the money, they don't get in," said the source. "They're not going to be able to just sail into the White House for free like the Jonas Brothers."
When told of Mr. Obama's plan to make his Cabinet members pay taxes, Fmr. Sen. Tom Daschle responded, "Whew! Sounds like I dodged a bullet."
www.borowitzreport.com/article.aspx?ID=6989
