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#1 Massive Tax Increases Loom...02-23-2009, 09:28 AM
Massive Tax Increases Loom as Democrats Begin to Talk Fiscal Responsibility
Monday, February 23, 2009
By Matt Cover
(CNSNews.com) – With massive tax increases waiting in the wings for American taxpayers when the Bush tax cuts end in 2010, the Obama administration and Congressional Democrats will soon turn their attention to taxes.
Part of the discussion is sure to include the impending tax increases set to hit every American taxpayer when the Bush tax cuts expire in 2010, unless Congress acts to extend them. During the presidential campaign, then-Sen. Barack Obama pledged to repeal the tax cuts.
“I want to eliminate the Bush tax cuts,” Obama told CNN’s Wolf Blitzer in a May 2008 interview.
Obama also said, in a June 2007 Democratic debate at Washington, D.C.’s Howard University, that repealing the Bush tax cuts would help pay for universal health care and other social(ist) programs he envisioned.
“The Bush tax cuts -- people didn't need them, and they weren't even asking for them, and that's why they need to be less, so that we can pay for universal health care and other initiatives,” Obama said.
Read the rest at the link above."If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals
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