US President Barack Obama will host a webcast from Facebook’s headquarters in San Francisco this Wednesday afternoon, the White House has revealed.
The webcast will be a platform for Obama to layout his plans, which includes increased taxes to be levied on the nation’s richest people, in the government’s fight against a growing budget deficit.
The US government is also concerned about the nation’s debt problem and is fresh from a near government shutdown as Democrats and Republicans debated budget cuts in previous weeks.
Ratings agency Standard & Poor’s also warned earlier this week that the nation’s gold-standard AAA credit rating is in danger of being downgraded if the nation’s leaders cannot reign in a growing deficit.
According to reports, Obama will be pitching the ending of Bush-era tax cuts for the nation’s wealthiest persons in his plans.
The webcast to be held at the Facebook HQ is part of a nationwide tour the president is on for promoting his plan to alleviate the budget deficit and stabilize the economy.
Ironically, Obama will be pitching the tax hike for wealthy Americans at the headquarters of the brainchild of one of the wealthiest men in the US and the world, Mark Zuckerberg’s Facebook.
