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2 Obama officials: No guarantee taxes won't go up
AP ^ | August 2, 2009 | Philip Elliott

Posted on 08/02/2009 1:47:06 PM PDT by Cheap_Hessian

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."

During his presidential campaign, Obama repeatedly vowed "you will not see any of your taxes increase one single dime." But the simple reality remains that his ambitious overhaul of how Americans receive health care—promised without increasing the federal deficit—must be paid for.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: agenda; bho44; bhofascism; bhotaxincrease; democratcongress; democrats; economy; geithner; government; larrysummrs; spending; taxes

1 posted on 08/02/2009 1:47:07 PM PDT by Cheap_Hessian
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To: Cheap_Hessian

gawd this game is getting old already.


2 posted on 08/02/2009 1:47:57 PM PDT by the invisib1e hand (The revolution IS being televised.)
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To: Cheap_Hessian

“I will cut taxes - cut taxes - for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.”

Barack Obama

When he raises taxes on the middle class, he might as well announce that he is not seeking a second term.


3 posted on 08/02/2009 1:48:41 PM PDT by Grunthor (Obama has delusions of adequacy.)
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To: Cheap_Hessian
That's pretty much a guarantee that taxes will be going up.
4 posted on 08/02/2009 1:49:10 PM PDT by airborne (Congratulations to the Stanley Cup Champions! PITTSBURGH PENGUINS RULE!!!)
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To: Cheap_Hessian

That IS a guarantee. They don’t even consider completely rescinding the Bush cuts as a tax rise. Only amounts above that are a tax hike, and only if not hidden as something else, like deduction phaseouts, specific project surtaxes (e.g., millionaire’s tax for the health plan), SS parole limit rises, and the like.


5 posted on 08/02/2009 1:49:43 PM PDT by Pearls Before Swine (Is /sarc really necessary?)
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To: Cheap_Hessian
41 months to go.

Come on 2010.

6 posted on 08/02/2009 1:50:17 PM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: Grunthor
When he raises taxes on the middle class, he might as well announce that he is not seeking a second term.

It'll be fun watching the MSM attempting to justify his going back on a campaign promise. And they will most certainly try. They already have.

7 posted on 08/02/2009 1:51:37 PM PDT by squidly
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To: squidly

They—the liberal media that has a vested interest in Barry succeeding—will invariably blame Bush.

I would almost go as far as predict that when Barry does announce that taxes will have to be increased, he will blame Bush.


8 posted on 08/02/2009 1:53:30 PM PDT by cranked
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To: Cheap_Hessian

Doesn’t surprise me at all.

I am not to sure how this helps the ecomony. It seems to me it just keeps the government spending more money instead of the people who know how to spend it best.


9 posted on 08/02/2009 1:54:10 PM PDT by MAKOTHEDOG
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To: squidly

“It’ll be fun watching the MSM attempting to justify his going back on a campaign promise.”

This isn’t just “a” campaign promise...it was “THE” campaign promise. This would be his “No New Taxes” fiasco that cost GHWB the election to Clinton.


10 posted on 08/02/2009 1:54:53 PM PDT by Grunthor (Obama has delusions of adequacy.)
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To: Cheap_Hessian
Any bets that soon the BO Tox will pull a Theodore and seize the capital of US taxpayers? Theo did it by using the IRS to order the sealing of all US Bank safety deposit boxes and seizing the gold in them, leaving a Government Bond in place of it.

Obama will try to go a lot further, which is why we have a legal exodus of private capital off shore. We can see it coming.

11 posted on 08/02/2009 1:56:53 PM PDT by Candor7 (The weapons of choice against fascism are ridicule ,derision ,truth. (member NRA)
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To: squidly
It'll be fun watching the MSM attempting to justify his going back on a campaign promise.

They'll manage, I'm sure.

12 posted on 08/02/2009 2:00:00 PM PDT by Cementjungle
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To: Cheap_Hessian
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.

Health care or not, back in the summer and fall of '08 is there anyone with a double digit or higher I.Q. that actually believed then and believes now that we (as middle income class) won't see a tax increase?

Just be on the look out for tax hikes not labeled as tax increases.

Or better yet, a restructuring of the classes.

13 posted on 08/02/2009 2:01:40 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Cheap_Hessian
There is a lot that can happen over time

Yet they will STILL blame Bush!

14 posted on 08/02/2009 2:04:15 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Cheap_Hessian

From the Chicago Way to The Palin Way. Maybe he could resign in a few weeks and say he is doing this because he is too distracted with merely being the Kenyan Poseur. Now, he wants time to comtemplate what is best for the country and the world and considering what he is going to do next, like run for God.


15 posted on 08/02/2009 2:04:38 PM PDT by MarkT
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To: EGPWS
"I will cut taxes - cut taxes - for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.” Barack Obama

Yes, and the "middle class" will be redefined as those making less than ten dollars a year.

On the bright side, we are all now considered to be filthy rich!

16 posted on 08/02/2009 2:09:23 PM PDT by libsrscum (Obama causes cancer.)
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To: Cheap_Hessian
Lets see, even before the campaign got really started, Obama broke a major early promise to abide by 'public financing' which McCain was tar-babied to thanks to his own bill, McCain-Feingold. When he broke it, did the media rake him over the coals? Hardly, after a couple of days it was, "been there, done that, let's move on!"

So, people should be surprised that his campaign promises aren't worth the air it took to utter them? Remember, this is the same orator/demagogue that compliments his audience on living in the finest nation on earth and then asks them to join him in changing it for what he hopes will be better (for him and all of the other Wright/Ayers/ACORN lovers)!

17 posted on 08/02/2009 2:10:34 PM PDT by SES1066 (Cycling to conserve, Conservative to save, Saving to Retire, will Retire to Cycle.)
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To: Cheap_Hessian

Of course taxes will go up. Also, look for bread to be $10.00/pound. It is already $4.06 in Winko(I forget the brand). We just got back from shopping and my wife pointed the bread price out to me. These government people have fouled up our economy beyond all repair.


18 posted on 08/02/2009 2:13:48 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Candor7
Theo did it by using the IRS to order the sealing of all US Bank safety deposit boxes and seizing the gold in them, leaving a Government Bond in place of it.

???
I know of FDR banning private US Ownership of gold in April 1933 with Executive Order 6102, but I know of no actions by someone named 'Theodore'! Care to enlighten me?

19 posted on 08/02/2009 2:17:58 PM PDT by SES1066 (Cycling to conserve, Conservative to save, Saving to Retire, will Retire to Cycle.)
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To: Cheap_Hessian

Hope and Change. A passel of taxes, healthcare rationing, loss of freedom, and a load of damn lies.

Democrats are nothing but communists.

Thanks all you greedy bastards who voted for him.

Now, we can all be equally miserable and equally poor.


20 posted on 08/02/2009 2:19:39 PM PDT by dforest (Who is the real Jim Thompson? I am.)
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To: Cheap_Hessian

GHW Bush lost his re-election campaign primarily for (though among many other limp-wristed reasons) his “No New Taxes” campaign platform.

I don’t know about you - but I have yet to see ANY tax relief for the middle class, as 0bama promised. Lower taxes for 95% of people (still trying to figure the math on that one).

0bama is the biggest liar to ever hold the office (Paging Richard Nixon - maybe you weren’t so bad after all...).


21 posted on 08/02/2009 2:19:44 PM PDT by TheBattman (Pray for our country...)
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To: Cheap_Hessian
There is no limit to the incompetence of "The Divine One," his Apostles and Disciples. Bread will be $10.00 per pound and gasoline $12.00/gallon and they will be telling us how lucky we are, as under George Bush bread would have been $11.00 per pound and gas $13.00/gallon.
22 posted on 08/02/2009 2:20:03 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Nachum

Ping


23 posted on 08/02/2009 2:20:57 PM PDT by Jet Jaguar
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To: Cheap_Hessian

“.... Sunday he cannot rule out higher taxes to help tame an exploding budget deficit.”

Doctor assisted suicide, in the states of Washington and Oregon, are on sale for any politician that’s even thinking about raising taxes to pay for their thefts.


24 posted on 08/02/2009 2:21:58 PM PDT by Gator113 (It's about stupidity, stupid. IMPEACH HERE, IMPEACH NOW.)
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To: Grunthor

>> When he raises taxes on the middle class, he might as well announce that he is not seeking a second term.

“Watch my blue lips...”


25 posted on 08/02/2009 2:22:58 PM PDT by Nervous Tick (Stop dissing drunken sailors! At least they spend their OWN money.)
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To: Cheap_Hessian

Of course there will be tax increases on the middle class - esp on those in the 50 K to 100 K range.

I have had a running argument with coworker who says - oh no, only those making over 250 K will see their taxes go up.

Ha ha ha ha ha - sucker.


26 posted on 08/02/2009 2:23:19 PM PDT by Freedom'sWorthIt
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To: Jet Jaguar
Thanks for the ping.

My motherboard died last night. It will be an interesting time catching up :)

27 posted on 08/02/2009 2:27:18 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Freedom'sWorthIt
"I have had a running argument with coworker who says - oh no, only those making over 250 K will see their taxes go up."

I bet you can't wait to tell your coworker 'I told you so' : )

28 posted on 08/02/2009 2:27:33 PM PDT by Cheap_Hessian
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To: cranked

That’s an absolute guarantee, and the droolers will lap it up.


29 posted on 08/02/2009 2:27:44 PM PDT by Gator113 (It's about stupidity, stupid. IMPEACH HERE, IMPEACH NOW.)
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To: Cheap_Hessian

bump


30 posted on 08/02/2009 2:29:45 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Cheap_Hessian

Well, they are full koolaid drinkers. It will take much more to make them regret their support of Zero....but it will be a start....and some consolation for the reduced take home pay that American workers will endure....including moi.


31 posted on 08/02/2009 2:31:10 PM PDT by Freedom'sWorthIt
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To: Freedom'sWorthIt

Do not forget the 401k tax. How else will they destroy all wealth.


32 posted on 08/02/2009 2:32:46 PM PDT by screaminsunshine (!!)
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To: screaminsunshine

Indeed - I had not heard of that tax - but do not doubt it.


33 posted on 08/02/2009 2:34:30 PM PDT by Freedom'sWorthIt
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To: SES1066

You can call him whatever you want. I call him Theodore( my father in law, now long gone, would never even say his name, called him Theodore, and so does my family, go figure.).FDR
was almost as toxic as BO Tox himself.


34 posted on 08/02/2009 2:40:57 PM PDT by Candor7 (The weapons of choice against fascism are ridicule ,derision ,truth. (member NRA)
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To: Freedom'sWorthIt

The Obama declared our economy is now booming at a pace of -1% so we can now raise taxes. And the crowd rejoices!!!!!!!!!!!!!!!


35 posted on 08/02/2009 2:41:06 PM PDT by MiltonFriedmanFan
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To: MiltonFriedmanFan

Yes, I saw that. IN addition, former Fed Chm Greenspan today says the economy has turned the corner.....ha ha ha./....though job loss will continue - but just at a slower pace.

No jobes, no recovery.

The won’t stop until we are in a full blown depression.


36 posted on 08/02/2009 2:45:49 PM PDT by Freedom'sWorthIt
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To: MiltonFriedmanFan

You should be careful expecting the economy doesn’t turn around. While this guy is killing our economic system, it is still resilient. By the end of the year, expect things to pick up and guess who will be taking the credit. The slightest bit of good news will be spun into gold for him by the media.

We should, instead, concentrate on things he can’t avoid or control, like the deficit and higher taxes.


37 posted on 08/02/2009 2:49:51 PM PDT by paul544 (3D-Joy OH Boy!!!)
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To: Cheap_Hessian

ping.


38 posted on 08/02/2009 3:01:16 PM PDT by lmr (God punishes Conservatives by making them argue with fools.)
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To: Cheap_Hessian
"I have had a running argument with coworker who says - oh no, only those making over 250 K will see their taxes go up."
I bet you can't wait to tell your coworker 'I told you so' : )

Personally I would call this a Pyrrhic Victory since I would rather lose the bet as opposed to losing my money through increased taxes. I had the unpleasant task of reminding my aged father that his Capital Gains taxes would no longer be capped next year. He is living off the sale of long-held property and that will indeed bite hard.

39 posted on 08/02/2009 3:03:51 PM PDT by SES1066 (Cycling to conserve, Conservative to save, Saving to Retire, will Retire to Cycle.)
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To: Candor7
... called him Theodore, and so does my family, go figure.).FDR was almost as toxic as BO Tox himself.

OK, that is odd but I guess that I have heard odder.

As for FDR, the damage that that man did was/is close to incalculable but this was at a time when the US and the World were in the biggest peace-time crisis EVER. It is the 'big government' model that he set up that has enabled those following him to keep it growing, especially with 'eternal' government programs and intrusions.

I think that his ego drove him far beyond his intelligence and the damage he did to the US in staying past 2 terms just makes your head ache. By the Tehran Conference in 1943, he was so sickly that I think it allowed much more freedom to the Soviet Union and FDR's favorite Dictator, 'Uncle Joe' Stalin. I am truely perplexed at where I would put him in the rankings of US Presidents.

40 posted on 08/02/2009 3:25:51 PM PDT by SES1066 (Cycling to conserve, Conservative to save, Saving to Retire, will Retire to Cycle.)
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To: Grunthor
“When he raises taxes on the middle class, he might as well announce that he is not seeking a second term”

Please correct me if I am wrong, but when Bush's tax cuts in 2010 expire, won't that essentially raise the rates on the middle class? I think that is how he is going to try and spin it. This guy gives 2 sh**** about the middle class.

41 posted on 08/02/2009 3:33:36 PM PDT by lt.america (Looking for a bailout)
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To: lt.america
This guy gives 2 sh**** about the middle class.

You're being way too generous. I suspect he doesn't care at all. Not one bit.

He has no proof otherwise.

42 posted on 08/02/2009 3:38:17 PM PDT by upchuck (Psalm 109:8 ~ Let his days be few; and let another take his office.)
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To: lt.america
Depression II knocking at the doOr? <>
43 posted on 08/02/2009 6:29:07 PM PDT by jblann1
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To: Cheap_Hessian

Wow, I never imagined Øbama would do this. /sarcasm


44 posted on 08/02/2009 6:52:26 PM PDT by rdl6989
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To: SES1066
THeo aka FDR was not a president of the USA. He was a dictator. Thus you need not rank him. Obama means to follow in his footsteps with a nationalist socialist movement , dedicated to a Utopia forced on America.Trudeau did the same in Canada and it has taken Canada 40 years to recuperate economically and socially.

FDR's death was untimely. He should have kicked off a lot sooner. He extended the depression through his socialist meddling.

The might of US industry,capital supply and hard working Americans brought us out of it.

FDR had little to do with that.

He was a sicko, and his private life proved it.All dictators are so.

45 posted on 08/02/2009 7:01:37 PM PDT by Candor7 (The weapons of choice against fascism are ridicule ,derision ,truth. (member NRA)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
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.
Image and video hosting by TinyPic "I attribute the coming tax increase to the continued construction in Jerusalem by Israelis"

46 posted on 08/02/2009 7:09:48 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: MAKOTHEDOG
Doesn’t surprise me at all.

The democrat base will vote for him anyway. They don't pay taxes. They vote to get other peoples money. They don't care how the democrat politicians steal it.

47 posted on 08/02/2009 7:47:04 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Cheap_Hessian
Photobucket
48 posted on 08/02/2009 8:37:03 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Freedom'sWorthIt

Desperarion. They may have to lay off a government ee. Horrors.


49 posted on 08/02/2009 10:51:02 PM PDT by screaminsunshine (!!)
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To: lt.america

“Please correct me if I am wrong, but when Bush’s tax cuts in 2010 expire, won’t that essentially raise the rates on the middle class?”

Not enough of the voting populace thinks that way.


50 posted on 08/03/2009 5:07:25 AM PDT by Grunthor (Obama has delusions of adequacy.)
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