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Obama Wants Middle Class Tax Increase

From Bloomberg.com:

Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

Feb. 11 (Bloomberg) — President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

“The whole point of it is to make sure that all ideas are on the table,” the president said in the interview with Bloomberg BusinessWeek, which will appear on newsstands Friday. “So what I want to do is to be completely agnostic, in terms of solutions.”

Of course the tax increases will happen. As opposed to any cuts in spending on entitlement programs, which will be loudly talked about – with a lot of wailing and gnashing of teeth – but which will never be seriously considered, let alone enacted.

But, gosh, what a surprise. Now that he has come up with his income redistributionary budget, Mr. Obama wants to raise taxes on the middle class to pay for it.

We should have known better than to HOPE that any Democrat would ever CHANGE. And, of course, we did know better.

Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year. When senior White House economic adviser Lawrence H. Summers and Treasury Secretary Timothy F. Geithner suggested in August that the administration might be open to going back on that pledge, White House press secretary Robert Gibbs quickly reiterated the president’s promise.

In the interview, Obama said that putting preconditions on the agenda of a bipartisan advisory commission, which he said he would soon establish, would just undermine its purpose.

“What I can’t do is to set the thing up where a whole bunch of things are off the table,” Obama said. “Some would say we can’t look at entitlements. There are going to be some that say we can’t look at taxes, and pretty soon, you just can’t solve the problem.”

It would be politically risky for Obama to abandon his promise not to increase taxes on the middle class. Only 26 percent of Americans surveyed in a December poll by Bloomberg News said they favored such a step as a way to reduce the budget shortfall…

Which is exactly Mr. Obama wants to have his “bipartisan advisory commission” break his campaign promises for him. (So much for the buck stopping with him.)

“Our real problem is not the spike in spending last year, or the lost, even the lost revenues last year, as significant as those are,” [Mr. Obama] said. “The real problem has to do with the fact that there is a just a mismatch between the amount of money coming in and the amount of money going out. And that is going to require some big, tough choices that, so far, the political system has been unable to deal with.”

Funny how Mr. Obama complains about the amount of money going out, after having just proposed the biggest, most costly budget in the history of the nation.

As for ‘tough choices,’ Mr. Obama still refuses to make them.

And, lest we forget, even during a campaign debate Mr. Obama was asked what federal programs he would cut to lower the deficit. He did not name one program. Instead, he listed several that he would create or expand.

Americans’ favorite way of cutting the budget deficit is by raising taxes on the wealthy, according to the Bloomberg News poll conducted by Des Moines, Iowa-based Selzer & Co. Two-thirds of the 1,000 adults surveyed Dec. 3-7 backed that approach.

Analysts say that middle-class taxes will need to be increased because the government can’t raise enough money from the wealthy alone to close the budget gap. “It’s just not possible to get the revenue you need only from this group,” said Joel Slemrod, director of the Office of Tax Policy Research at the University of Michigan…

So all Mr. Obama has to do is redefine a large portion of the middle class as ‘wealthy.’

He (and his “bipartisan commission”) will just have to come up with a level of income that they can sell as being rich to the majority of likely voters.

And it will surely be lower than those who earn $200,000 a year. But this may prove a little tricky, since so many of his unionized government worker constituents now make over $175,000.

But of course Mr. Obama can always exempt the unions from any such tax increases, like he has done with his ‘healthcare reform.’

This article was posted by Steve Gilbert on Thursday, February 11th, 2010. Comments are currently closed.

14 Responses to “Obama Wants Middle Class Tax Increase”

  1. 11ten1775

    Why is he always “agnostic” when it comes to things that are actually his job (military strategy, foreign policy, budgeting), but on things that he has no business touching (health care, cap and tax, education, obesity, Supreme Court decisions), he has no problem declaring absolute moral authority?

  2. mr_bill

    Lets not kid ourselves here, Obama wants to tax anybody that earns enough to support themselves and their families, after all, that’s government’s job. If we have all of these people who are capable of putting food on their tables and buying things they want and need, the government cannot be their provider and savior. He wants total dependence on government and taxing the capable out of their independence is the end goal for the statist/progressive to finally bring these people under the control of the government and redistribute their wealth to those who he feels are deserving of it, rather than those who actually earned it–Equality of outcomes and ‘social justice,’ the statist’s holy grail.

  3. NoNeoCommies

    As the media are about jobless claims, I am shocked at this “unexpected” development.
    How could we have seen this coming?
    Didn’t “The One” promise “No Middle Class Tax Increases”?

    I’m beginning to think we can’t trust his words.
    Maybe we should just focus on what he and his “progressive” Gnomes are actually doing.

  4. proreason

    He has to rush his tax hikes through before the November elections.

    Republicans should promise to reverse them.

    If they do, they will win in a historic landslide.

  5. canary

    Obama says he’s agnostic? He’s a muslim. I thought Obama just said in his state of union speech he would not be rising taxes on middle-class.

    • proreason

      “I thought Obama just said in his state of union speech he would not be rising taxes on middle-class”

      that was the clue

    • JohnMG

      Well, folks, I’m barely middle-class anymore, but I’ve been self-employed for about 75% of my 45-year working career, which means I’ve paid BOTH halves of my social security for over thirty years. Now that I,m drawing it, this asshole is going to consider reducing my benefits? I’m forced to pay taxes on the checks I receive because it’s considered income.

      I’ve got news for ya’ Buckwheat. There’s a whole lot of ‘Boomers’ who’ll gladly boot your chumpy ass back to Chicago as a “Thank You” salute for such chicanery.

      By the way. Why don’t you re-name it So-So Security……that’d be more appropriate. Corrupt, socialist bastard!!

    • proreason

      “this asshole is going to consider reducing my benefits”

      he’s not trying to punish your success, John. He’s just tryin to spread it around a little bit, you know, so that those comin up behind you have a fair shake.

      Like the perpetually unemployed, the SEIU, Acorn, the UAW via GM, and Goldman Sachs, whose executives have been very supportive of Obama’s policies.

      And as Michelle told us 2 years ago, he’s going to EXPECT you to participate in the change.

      So it’s hard to see what you are whining about.

    • JohnMG

      Guess I should just ‘man up’, huh.

      Although I don’t see why. He won’t even expect that of the guys joining the military after trashing Don’t-Ask, Don’t Tell.

  6. White_Polluter

    Wow.

    Never saw that coming.

    Caught me totally off guard.

    I’m flabbergasted.

  7. MinnesotaRush

    Chronic pathological liar. Devious as well.

  8. ostrichchaperon

    Obama talks too much too long and his words mean nothing. ostrichchaperon.typepad.com

  9. 12 Gauge Rage

    Why is everyone surprised at this latest revelation? It’s always been not a matter of if but when.

  10. “President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.”

    He makes it sound like the deficit has a life of its own. Note to Obama: The deficit is caused by spending more than you takle in. Try to rein it in by spending less.




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