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Geithner Won’t Rule Out New Taxes for Middle Class
ABX News ^ | August 02, 2009

Posted on 08/02/2009 11:23:04 AM PDT by Las Vegas Ron

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.”

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS: News/Current Events
KEYWORDS: bhotaxincrease; bhotreasury; geithner; taxandspend
I don't know about the rest of you but I for one an shocked, shocked I tell ya!

May have to post and run (late breakfast)

1 posted on 08/02/2009 11:23:04 AM PDT by Las Vegas Ron
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To: Las Vegas Ron

No government entity....municipal,county,state,federal....that’s under RAT control *EVER* agrees to do with less.


2 posted on 08/02/2009 11:30:22 AM PDT by Gay State Conservative (Christian+Veteran=Terrorist)
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To: Las Vegas Ron

What does Joe Biden have to say on the subject? Come on Joe: weigh in!


3 posted on 08/02/2009 11:32:30 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Las Vegas Ron

But, but, but, the Obamamessiah said he would only raise taxes on those making $250,000 and above. He would not have lied to us just to elected would he?

SUCKERS! How’s that “hopey-changey” thing working out for ya’?


4 posted on 08/02/2009 11:33:03 AM PDT by Buckeye Battle Cry (Hey Obama, spread my work ethic, not my wealth!)
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To: Las Vegas Ron

“I won’t raise your taxes one dime, except when I do.” - B. Hussein Obama


5 posted on 08/02/2009 11:36:00 AM PDT by GOPyouth ("I won't (insert temporary promise), except when I do." - B. Hussein Obama)
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To: Las Vegas Ron

“That’s not the Geitner I know.”


6 posted on 08/02/2009 11:38:00 AM PDT by Extremely Extreme Extremist ("President Obama, your agenda is not new, it's not change, and it's not hope" - Rush Limbaugh 02/28)
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To: Las Vegas Ron

Well, they won’t call it a tax increase. They will make up a name like a “deficit reduction plan” and the MSM and liberals will buy into it......


7 posted on 08/02/2009 11:44:50 AM PDT by martinidon
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To: Las Vegas Ron

*SURPRISE* You know that “change” you thought you had....well hand it over, “hope” you can get by without it!


8 posted on 08/02/2009 11:47:06 AM PDT by chris_bdba
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To: Las Vegas Ron

The last president to say he wouldn’t raise taxes and did was not re-elected and we got BJ Clinton instead.


9 posted on 08/02/2009 11:56:50 AM PDT by Humvee (Beliefs are more powerful than facts - Paulus Atreides)
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To: Las Vegas Ron
“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices...”

That's like these guys telling us to stop drinking!

10 posted on 08/02/2009 12:06:20 PM PDT by NewLand (What does 0bama know and when did he know it?)
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To: Humvee
The last president to say he wouldn’t raise taxes and did was not re-elected and we got BJ Clinton instead.

Actually Clinton was the last president who promised not to raise taxes but did, and got reelected easily.

11 posted on 08/02/2009 12:12:49 PM PDT by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Las Vegas Ron

So Obama lied when during the campaign he claimed those in the middle class wouldn’t see their taxes go up “by one dime.” Obama is proving to be an absolute serial liar bordering on being a sociopath.

“I will cut taxes — cut taxes — for 95% of all workers and their families,” “if you make under $250,000 a year, you will not see your taxes go up one dime.” << ALL NOW VERIFIABLE OBAMA LIES.

Hey Tim, how about paying your own taxes before hiking ours??


12 posted on 08/02/2009 12:38:22 PM PDT by MissesBush
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To: Buckeye Battle Cry

When the pumped up money supply causes inflation to kick in, a whole lot more of us will be making $250K!!!


13 posted on 08/02/2009 12:38:26 PM PDT by Red Dog #1
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To: Humvee
The last president to say he wouldn’t raise taxes and did was not re-elected and we got BJ Clinton instead.

And then the scumbag Democrats passed the biggest tax hike in history and lost the House in 1994.

14 posted on 08/02/2009 12:42:37 PM PDT by Lancey Howard
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To: Las Vegas Ron
This was as predictable as the sunrise - even Dick Morris saw it coming! The leftmedia will try to ignore it as best they can but talk radio and, one hopes, Fox News will be all over it. Tax-evader Tim Geithner will probably issue a 'clarification' but the cat is finally out of the bag.

So, right in the midst of a recession with so many financial stresses on the middle class taxpayer - and the Obama administration is ready to raise taxes on the middle class! No surprise but this admission also raises the hope that the American people will finally wake up and realize that the guy they elected president is going to ruin them if they allow him to get away with it.

15 posted on 08/02/2009 1:45:42 PM PDT by Jim Scott (Do not go gentle into that good night)
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To: Las Vegas Ron

On top of all the other Obama debacles raising taxes on the middle class will be the kiss of death.


16 posted on 08/02/2009 4:45:26 PM PDT by The Great RJ ("The problem with socialism is that you eventually run out of other people's money." M. Thatcher)
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To: MissesBush
Obama is proving to be an absolute serial liar bordering on being a sociopath.

Read Michelle Malkin's new book "Culture of Corruption" -- I'm 1/3 through and already it gets FAR worse than this.

17 posted on 08/02/2009 6:41:19 PM PDT by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Neda Agha-Soltan - one victim of murderous regime)
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