The White House on Monday offered up a series of familiar tax increase plans to pay for President Obama's $447 billion jobs package, ideas that almost seem certain to be rejected by Republicans in the Congress.
The largest chunk of revenue would be raised with something that the Obama Administration has already proposed, the idea of limiting deductions for those making over $200,000 per year, $250,000 for a family.
That idea was part of President Obama's first budget to the Congress, delivered in February of 2009 - it went nowhere even when Democrats were in charge of the House and Senate, featuring stiff opposition on limits for charitable contributions.
The idea of limiting tax breaks for the oil and gas industry has also been repeatedly offered by the Obama White House - that also went nowhere when both Republicans and Democrats controlled the Congress.
The deductions limits would raise about $400 billion, while the oil and gas tax changes would raise another $40 billion over ten years.
The other two changes outlined by the Director of the Office of Management and Budget include $18 billion to alter how income is treated by hedge fund managers.
Also included is a tax change impacting the tax treatment of corporate jets, which would raise $3 billion.
