Thread: 5 reasons why Obama will hike middle-class taxes

5 reasons why Obama will hike middle-class taxes

James Pethokoukis
Obamanomics, tax policy

C’mon, how about some Walter Mondalesque candor from the Obama White House on taxes? Yes, yes, it was 25 years ago this summer that the Democratic presidential candidate self-immolated on the issue at his party’s convention in San Francisco. But surely Americans have become more urbane and sophisticated since then as to what makes for sound economic policy, oui?

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Nope. If you had any doubt that higher taxes are still poisonous policy in center-right America, all you had to do was listen to White House Press Secretary Robert Gibbs yesterday. He briskly and precisely walked back the White House from the ambiguous statements made by Tim Geithner and Larry Summers on the Sunday chat shows. “I am reiterating the president’s clear commitment in the clearest terms possible that he’s not raising taxes on those who make less than $250,000 a year,â€

I wonder how many more people are going to hate Obama after he raises taxes on the middle class.

Originally Posted by ELE

I wonder how many more people are going to hate Obama after he raises taxes on the middle class.

I don't know if I can possible dislike him more than I do now. Here in CA, we are so heavily taxed between state sales tax, car reg, etc, that I don't know how we will make it if that scum who was elected by a bunch of welfare loving liberal idiots further raises taxes on us! We will end up in the poor house and I don't know who much more we can cut back!

Looks like those tax revolts might come sooner than Celente's 2012 prediction!