Another Obama campaign promise expires
Aren’t you feeling all Hopeychangey with Turbo Tax Timmeh running the show?
Obama’s already broken a ton of campaign promises, especially that “95% of Americans will get a tax cut” thingy that many naive Americans foolishly believed. Well, here’s a question for you middle-class Americans who voted for The One because, in part, you actually believed that a Democrat (especially of the Marxist brand) who had never voted for a tax cut would finally do it: how does his butt taste now?
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.
“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”
Heh…”95%”, huh? Breaking a campaign promise in the first six months: brilliant!
BTW, isn’t it cute that ABC’s piece opens with the assumption (masquerading as fact) that increasing taxes leads to economic prosperity? “To get the economy” corrected, B.O. may “have to” raise taxes? I don’t know of a country that has ever taxed itself into prosperity. After all, taxes are, by nature, disincentives to productivity.
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You can’t destroy capitalism unless you make it difficult to earm a profit.
I heard this morning that the federal tax revenues were at their lowest since the Great Depression. And as long as all the small business owners aren’t making money they can’t send in any taxes revenue to Timmy.
Comment by tnjack | August 3, 2009
Obama Lied – Small Business Died
Comment by Frank | August 4, 2009