Obama: Hike taxes on the rich

President Obama challenged Capitol Hill to deal with the nation's debt.  He insists elimination of tax breaks for the rich and the oil companies must be part of the plan.  Lawmakers are facing an Aug. 2 deadline.

            Taxing Questions

The president says do what it takes

To eliminate selected breaks
And realize it's time to ditch
Those special perks for the very rich.

He says the folks on Capitol Hill

Need to swallow that bitter pill
And keep on working, break a sweat
To find a way to deal with debt.

It would appear he's quite unbending

In efforts to cut down on our spending.
Of course, you may ask is he being so firm
To increase his shot at another term?


©  2011  Jim Gordon