Does this surprise anyone? Not me. Progressives have no problem raising taxes on anyone, regardless if they are middle class. Obama claims that he cut taxes for 95% of the people, but all I see is a $7 difference. Now, Treasury Secretary Timothy Geithner will not rule out raising taxes on the middle class. Obama has made the deficit so large, that he has the pretext to raise them.
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.”
Read the rest.
The Progressives want higher taxes. They want to create a system were people will struggle financially and be dependent on government. The best way to do this is to have high tax rates that will create a sluggish economy. The Progressives are now getting ready to implement the rest of their agenda.
My prediction, they will do a Value Added Tax.
Tags: Politics, Progressives, taxes
