Anybody old enough to remember “Read my lips: no new taxes” recalls how well *that* worked out for the first President Bush. Now, remember this firm pledge from the campaign trail last year:
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
And then keep this in mind:
To get the economy back on track, will President Barack Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, “We’re going to have to do what’s necessary.”
Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it.
2 Responses to “Hopey McChangepants and the “no new taxes””
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Big surprise. How can you redestribute the wealth without tapping the middle class? But hey, maybe we should just follow Geithner’s lead and tell the IRS to go to hell. Guess that only works for Liberal appointees though.
The all convientently forget other taxes they raise, like on cigarettes. Not that I am a smoker. But they don’t count that as a tax and it falls on disporptionaly on those who do not make much income (or pay much income tax).