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Obama says he's open to higher taxes on the wealthy, saying 'I've got a lot of room to pay more taxes'

7 monthes ago   |   By Business Insider

Scott Olson/Getty Images
Former President Barack Obama told Democrats at a California fundraiser on Thursday evening that he was open to higher taxes on rich people, including himself, according to a report in The New York Times .
"I've got a lot of room to pay more taxes - and I already pay really high taxes," he said.
Obama's remarks come as the current slate of Democratic candidates propose a variety of higher taxes on the rich, including imposing new ones on capital gains and other Wall Street transactions.
Business Insider previously reported that Barack Obama's current net worth is...
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Obama tells anxious Democratic donors to 'chill out about the candidates' and avoid putting them through 'purity tests' at fundraiser

Obama tells anxious Democratic donors to 'chill out about the candidates' and avoid putting them through 'purity tests' at fundraiser

7 monthes ago   |   By Business Insider

Joe Raedle/Getty Images
Former President Barack Obama had a message for wealthy Democratic donors on Thursday evening growing anxious about the current slate of primary candidates and the lack of a clear frontrunner in the race.
"Everybody needs to chill out about the candidates but gin up about the prospect of rallying behind whoever emerges from this process," Obama said, according to a report in The Washington Post.
The former president also said that Democrats should avoid putting candidates through "purity tests," according to The New York Times.
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