Skip to comments.Hatch’s Warning: Obama Will Need to Raise Taxes on Middle Class
Posted on 12/28/2012 3:39:07 AM PST by Olog-hai
President Barack Obama will eventually raise taxes on the entire middle class because he has no plans to stop spending, the GOPs soon-to-be senior senator tells Newsmax.
And the success or failure of the presidents bid to increase tax rates for the top two percent of earners is irrelevant in the matter, said Sen. Orrin Hatch in an exclusive interview with Newsmax.TV.
The Utah senatorwho will become the senior Republican in the new Congress set to convene next weeksaid that Republicans are leery of increasing taxes on Americans in any income bracket because they believe Obama will spend the money on pet programs rather than pay down the continuously increasing federal debt.
(Excerpt) Read more at newsmax.com ...
Old Orrin finally got one right.
Obama will raise taxes and piss away the money.
ANY tax increases must be accompanied by meaningful, concurrent spending cuts; raising taxes and then agreeing to let ObaMao “consider” spending cuts sometime “in the future” is fiscal suicide.
If the Republicans cannot agree to that, then it’s best for the nation if the pig just crashes and falls over the cliff, as that will be the only way there will ever be any spending cuts.
Promises of future spending cuts is no spending cuts. Today’s Congress has no power to bind some future Congress into action.
There will be no cuts.
Taxes, no matter who controls the WH and/or Congress, will go up.
It is what politicians do.
However, Community Organizers, like Obama, know you can’t equalize the income of the moochers by just taxing the income of the producers.
Eventually it will be necessary for the government to confiscate the wealth of the upper and middle class in order to achieve the Liberal Panacea.
Republican or Democrat, we continue to move in the same direction. Whomever is in charge, it will not matter. Taxes will go up for everyone...except for those on the gubbamint tit.
The American people just swallow it, hook, line and sinker!
This ain't your father's Oldsmobile.
I have news for mr hatch, 0 already has by driving up the cost of every thing. The msm is trying to blame dismale Christmas sales on Sandy and the school shooting. WHEN THE REAL REASON LIES IN NO EXTRA MONEY IN YOUR WALLET! I know we had to cut way back on what we got the grand kids and great grands this year.
WELCOME to the OBAMA DEPRESSION!
cry baby will cave, he needs to resign and let a REAL CONSERVATIVE take his job.