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Barack Obama’s “Read My Lips” Moment

by @ 12:42 pm on August 3, 2009. Filed under Barack Obama, Economics, Politics

As I noted yesterday, Treasury Secretary Tim Geithner refused to rule out the possibility of a middle-class tax hike in the future, and it turns out that he’s not alone:

WASHINGTON (AP) — President Barack Obama’s treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

As the White House sought to balance campaign rhetoric with governing, officials appeared willing to extend unemployment benefits. With former Federal Reserve Chairman Alan Greenspan saying he is “pretty sure we’ve already seen the bottom” of the recession, Obama aides sought to defend the economic stimulus and calm a jittery public.

Treasury Secretary Timothy Geithner and National Economic Council Director Larry Summers both sidestepped questions on Obama’s intentions about taxes. Geithner said the White House was not ready to rule out a tax hike to lower the federal deficit; Summers said Obama’s proposed health care overhaul needs funding from somewhere.

“There is a lot that can happen over time,” Summers said, adding that the administration believes “it is never a good idea to absolutely rule things out, no matter what.”

Of course, that’s very much at odds with what Obama said during the campaign:

“If you are a family making less than $ 250,000 a year……you will not see your taxes go up. Not your Capital Gains Tax, not your Payroll Tax, not your Income Tax, no taxes. Your Taxes will not go up.”

Sound familiar ? It should:

If When the Obama Administration does raise taxes on families earning less than $ 250,000 a year, you can bet you’ll see that clip played over and over and over again.

2 Responses to “Barack Obama’s “Read My Lips” Moment”

  1. Kelly says:

    You might see the clip played over and over, but it doesn’t seem as though the same rules apply to democrats as they do republicans when it comes to broken promises regarding taxes. Bush Sr. was ran out of office on the basis of his broken promise, yet his replacement, Clinton, raised taxes on the middle class and was elected to a second term.

  2. SenatorMark4 says:

    It would be a real change if a democrat were held responsible for their words but I think everyone knows that when their mouths are moving…there is no there there. Charlie Rangel can write tax laws but not obey them: nobody cares. Howard Dean can see we must have healthcare reform but we left out changs affecting the trial lawyers because they own us: nobody cares. President Obama says he’s going to build a huge civilian security force:…uh..I see a little bit the ol’ lert coming back. Be A lert!

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