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Obama: "I Will Raise Taxes"
townhall.com ^ | May 8, 2008 | Amanda Carpenter

Posted on 05/08/2008 6:06:06 PM PDT by Free ThinkerNY

By Amanda Carpenter

Thursday, May 8, 2008

Democratic presidential candidate Barack Obama flatly promised to raise taxes in a television interview Thursday afternoon.

“I will raise CEO taxes,” Obama told CNN’s Wolf Blitzer on “The Situation Room.”

“If you’re a CEO in this country you’ll probably pay more taxes,” Obama said. Obama speculated his CEO tax rates “won’t be prohibitively high, you’ll pay roughly what you did in the 90’s when they were doing fine.”

Obama also said he would eliminate the Bush tax cuts and install what he called a “middle class tax cut.”

Blitzer asked Obama to define “middle class.”

Obama replied, “You know, I think the definitions are always a little bit rough” and said “if you’re making $100,000 a year or less, then you’re pretty solidly middle class…On the other hand, if you’re making more than $100,000 and certainly if you’re making more than $200,000 or $250,000, you’re doing pretty well.”

The CNN interview was the first one Obama has held since Tuesday’s primaries in Indiana and North Carolina. In it, the Illinois senator also discussed his judicial philosophy. Obama, who has delivered constitutional lectures at University of Chicago Law School, said he thought Justice Ruth Bader Ginsburg was “a very sensible judge.” He also hinted he would place special emphasis on civil rights protections when appointing Supreme Court judges if elected President.

“We’ve got to make sure civil liberties are protected,” Obama said. “Because oftentimes there are pressures placed on politicians to want to set civil liberties aside, especially at a time when we’ve had terrorist attacks. Making sure we maintain our separation of powers so that we don’t have a president who is takes over more and more power, I think those are all criteria by which I’d judge whether or not this is a good appointee.”


TOPICS: Breaking News; Government; Politics/Elections
KEYWORDS: 101000peryearisrich; 2008; barackobama; blueturban; democratparty; democrats; elections; fritzmondalepartdeux; lendmeyourears; marxism; mondale; nextpresident; obama; obamatruthfile; obambi; punishacheivement; rewardindolence; taxincrease; whatamaroon
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To: JillValentine

>> ... — Thomas Sowell

It would be wonderful if we had the option to remove an opposing vote instead of casting one in favor.

It might make for an interesting result
Obomary: -49%
McCain: -44%

McCain takes it by 5% fewer pissed off constituents.


121 posted on 05/08/2008 8:03:32 PM PDT by Gene Eric
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To: Free ThinkerNY
Hmmm. He wants to be JFK, Johnson, Carter, and now Mondale. A ride in a tank should be next, followed by an affair with an intern.
122 posted on 05/08/2008 8:07:04 PM PDT by Question_Assumptions
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To: Carry_Okie

I have a number of friends in Manhattan on $100k salaries. Their existence is pitiful, and need every dime they can scrounge.


123 posted on 05/08/2008 8:10:31 PM PDT by July 4th
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To: July 4th

This 100K is probably a combined family income too. So if you make over 50K them you would be considered wealthy.


124 posted on 05/08/2008 8:13:22 PM PDT by CindyDawg
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To: GraniteStateConservative
This is a stupid breaking news headline. He released his tax plan like last September or something and this was all there in black and white.

Just maybe some did not see it in September. This is something that should always be mentioned when talking about both democrats.

125 posted on 05/08/2008 8:23:49 PM PDT by Irish Eyes
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To: AlphaOneAlpha

Ok, right - but again just because Obama says he’ll raise taxes it’s still the W&M that does it ... there might be some people (maybe)who won’t go along with it .. .


126 posted on 05/08/2008 8:24:27 PM PDT by SkyDancer ("I Believe In The Law Until It Interferes With Justice")
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To: CindyDawg

“This 100K is probably a combined family income too. So if you make over 50K them you would be considered wealthy.”

Yes, this stands to be repeated.

If you make more than $50K, you and your double income family are now “wealthy” and “doing pretty well”. Good luck paying the ARM on your $500K hovel in CA.

I wonder how many folks will go into default after they get their revised ‘09 withholdings?


127 posted on 05/08/2008 8:30:49 PM PDT by Wiseghy ("You want to break this army? Then break your word to it.")
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To: GOPGuide
This guy is a friggin Communist!

He's a crypto Communist.

128 posted on 05/08/2008 8:31:05 PM PDT by Red Steel
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To: Free ThinkerNY
“I will raise CEO taxes,” Obama told CNN’s Wolf Blitzer on “The Situation Room.” “If you’re a CEO in this country you’ll probably pay more taxes,” Obama said.

A tax on a specific occupation? Good luck on that. Obama knows this would not fly, and it's nothing more than populist rhetoric.

129 posted on 05/08/2008 8:36:15 PM PDT by MeanGreen2008
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To: rollo tomasi
I'd love to see the oil refineries just close up shop in the USA if Obama is elected and see how he deals with that situation.

No wonder so many companies have moved their registrations off-shore. It's this kind of “politics” that have created job losses in the USA. Between Corporate Income Taxes, FICA, and the Estate Tax there's no real reason to work and/or start up a business in the USA.

At some point in time it will be better just to collect unemployment and social benefits than to work.

The guy has evidently not worked a day in his life. Most CEO’s got to the top by a lot of hard work and provide their employees with a good wage and good benefits.

JMHO/rant off

130 posted on 05/08/2008 8:36:24 PM PDT by not2worry ( What goes around comes around!)
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To: Free ThinkerNY
On the other hand, if you’re making more than $100,000... you’re doing pretty well.

Make $100K and lose half of your income to taxes.

Hey thanks, Obama.

131 posted on 05/08/2008 8:40:31 PM PDT by FreeReign
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To: Free ThinkerNY
funny pictures
moar funny pictures
132 posted on 05/08/2008 8:41:59 PM PDT by Corin Stormhands (What if Tony Almeida is the 12th Cylon?)
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To: not2worry

Yeah and maybe wives should quit working. What’s the use if all that extra income is going to be eaten up in taxes?


133 posted on 05/08/2008 8:49:01 PM PDT by CindyDawg
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To: Free ThinkerNY

He’s also been pretty definitive on who he’d like to see on the Supreme Court:
“...like (Ruth “Bader”)Ginzberg, Stevens, ...Souter”

The Triumvirate of Traitors...


134 posted on 05/08/2008 8:49:47 PM PDT by Redbob (WWJBD - "What Would Jack Bauer Do?")
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To: Free ThinkerNY
“We’ve got to make sure civil liberties are protected,”

Why is the right of citizens to be secure in their property (personal and real) never listed as a "civil liberty"?

135 posted on 05/08/2008 8:54:26 PM PDT by denydenydeny (Expel the priest and you don't inaugurate the age of reason, you get the witch doctor--Paul Johnson)
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To: Argus
So I'm gonna punish you for it!

You are correct, sir. In the last debate, it was pointed out to Obama that cutting the capital gains tax would result in a dramatic increase in tax revenues. Obama responded that it wasn't about raising more revenue; instead, it was a matter of fairness, and it simply wasn't fair that someone made a lot of money on capital gains.

Yes, Obama is a straight-up Marxist.

136 posted on 05/08/2008 8:58:12 PM PDT by Hoodat (Bull Moose Party Member)
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To: Free ThinkerNY
You don't support Obama? Why? You don't believe in hope? The Future? The man is well qualified, he served in the IL State legislature 3 years ago. Who is he kidding? Americans are not that dumb....he won't win more than 10 states.

Photobucket

Come on, let's change the greatest country in the history of the planet Earth.

137 posted on 05/08/2008 8:58:46 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: ExTexasRedhead
He’s also promised to destroy our military.

Below are a few lines from Obama’s books “ in his own words:

From Dreams of My Father: “I ceased to advertise my mother’s race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.”

From Dreams of My Father: “I found a solace in nursing a pervasive sense of grievance and animosity against my mothers race.”

From Dreams of My Father: “There was something about him that made me wary, a little too sure of himself, maybe. And white.”

From Dreams of My Father: “It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names.”

From Dreams of My Father: “I never emulate white men and brown men whose fates didn’t speak to my own. It was into my father’s image, the black man, son of Africa , that I’d packed all the attributes I sought in myself, the attributes of Martin and Malcolm, DuBois and Mandela.”

From Audacity of Hope: “I will stand with the Muslims should the political winds shift in an ugly direction.”

138 posted on 05/08/2008 9:04:32 PM PDT by 1035rep
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To: plain talk

He’s right up there with Hillary “we’re gonna have to take some things away from you”


139 posted on 05/08/2008 9:07:32 PM PDT by 1035rep
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To: anyone

“if you’re making more than $100,000 and certainly if you’re making more than $200,000 or $250,000, you’re doing pretty well.”

So those union longshoreman in California making more than 100K, you gonna tax them more?


140 posted on 05/08/2008 9:10:43 PM PDT by guido911 (Islamic terrorists are members of the "ROP", the "religion of pu*&ies")
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