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https://studentshare.org/business/1610788-article-summary.
The author says that the president is now focusing on enlarging the percentage of GDP held by the government. The government aims to increase its domestic reach by increasing the level of taxes and decreasing the foreign reach by minimizing the defense budget. This approach will definitely help the government collect more taxes in such a way that it will not put a burden on the middle class. The author of the article believes that Obama is likely to consider both suggestions, which include increasing tax rates and limiting income tax deductions.
Republicans are in favor of lowered tax rates because it will help the government in increasing the level of growth. They believe that higher taxes would lead the country away from the pro-growth tax reform. Republicans also seem to be opposing other steps of the government, such as premium support proposals for Medicare, school-choice programs, and vouchers. Summing it up, the article seems to be written in opposition to the steps likely to be taken by the American government for improving the economy of the country.
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