Posted on 08/04/2009 5:34:14 AM PDT by Oldeconomybuyer
WASHINGTON – President Barack Obama is struggling to find a way to pay for an overhaul of the nation's health care system without violating his campaign promise not to raise taxes on the middle class.
Obama's dilemma was highlighted this week when two top economic advisers refused to rule out a middle class tax hike as a possible way to pay the health care overhaul bill or to reduce the rapidly escalating federal deficit.
It would be a distraction from the already difficult sales job needed for Obama's top domestic priority. Critics have booed and jeered lawmakers at home while political parties and interest groups flood the air with a cacophony of competing ads.
Ultimately, the decision to propose tax hikes remains with the president, not a government economist or Cabinet official. Obama's position has not changed: New taxes on the middle class are not a politically viable option.
(Excerpt) Read more at news.yahoo.com ...
This whole thing about guessing if Obama will raise taxes on the middle class is moot! At the end of 2010 EVERYBODY with a paycheck is going to get hit with higher taxes.
When the 2003 tax cuts expire at the end of 2010 the entire federal income tax rates go back up to the higher income tax rates of the year 2000. Low income, middle income, and high income are all going to get hit hard with higher income tax rates.
LOL, the Joker can always stop spending.
Headline of any unbiased media would read”
“Obama team appears ready to just walk away from its promises to voters”.
He?
Congress passed the Stimulus Package. Obomgo just pawn in game of life.
The biggest fraud that the media perpetuates is that they ever intended to keep these promises.
Also not financially viable as increasing unemployed,
(looking for work or not) do not pay any income tax!
Even the end of the Bush tax cuts, a tax increase that
0 can avoid taking the blame for, will not decrease the
deficits.
All they can do is continue to print more and more money.
When interest rates match the unemployment rate maybe people
will wake up the this STUPID PRESIDENT.
Sebelius tried that during her town meeting debacle with Specter. When challenged, she said that never before have so many people worked so hard to develop a viable alternative to our broken health care system. The audience laughed and jeered. It was great.
Oldsters still love FDR because “he cared so much about us”.
Now that looks more accurate to me...
Value Added Tax, Wealth Tax, or Inflation (which is a stealth wealth tax).
Obama really doesnt give a damn about raising taxes for Middle income. He is just looking for a way to disguise it , or blame it on someone else.
The bum broke that pledge when he signed SCHIP.
yes, I’m sure he’s working harder on that than he’s ever worked on anything else in his life....
” yes, I’m sure he’s working harder on that than he’s ever worked on anything else in his life.... “
That’s a pretty low bar to hurdle....
I'll bet he loses that struggle.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.