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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.”
The proponent for the raise in taxes explained it this way, "In 8 years, the middle class family will be paying close to 24,000.00 a year just for medical insurance. So any tax increase will be SAVING them money."
-please excuse me, I am paraphrasing somewhat-
-sometimes I wish I was as stupid as they think we are. That way I wouldn't realize how badly they are #ing us-
Originally posted by jd140
I remember a President a few years ago campaign with the promise of no new taxes and he ended up raising taxes and losing his re election bid.
5 dollars to the person who can name that President.
Looks as if President Obama is on the road to making the same fateful mistake.
Originally posted by jd140
I remember a President a few years ago campaign with the promise of no new taxes and he ended up raising taxes and losing his re election bid.
5 dollars to the person who can name that President.
Looks as if President Obama is on the road to making the same fateful mistake.