Monday, August 3, 2009
Middle Class Tax Hike Not Out Of The Question
Treasury Sec. Geithner: Tax hike possible
Then candidate-Barack Obama repeatedly told the nation during his presidential campaign that all the fixes he had in mind for the United States would not include a tax increase for the middle class. But two administration officials amended that refrain while appearing on Sunday talk shows. Acknowledging that the White House has not ruled out a tax increase for the middle class.
Anyone who knows how to balance his or her checkbook knew that this shift was inevitable - what with the runaway government spending - necessary we are told to stimulate the economy and put Americans back too work. And now with a health care plan that the president still is saying will only place an additional tax burden on the very very rich. Given yesterday's backtracking on taxation, one wonders how long it will be before the White House says, oops, it looks like we have to tax the middle class to pay for this as well. Probably not until after a bill passes Congress is my guess.
I still say we need health care for those who are uninsured or under insured. But, for once, I'd like the folks in Washington to be forthright with the American people about the costs. Seemingly the price of every lofty proposition that emanates from Congress turns out to be more in the end that was estimated in the beginning. At least be honest with we, the American people, so we can properly weigh in with our elected officials before they vote. The decisions they make today will affect generations to come. We owe it to our children and our grandchildren to at least know the costs of those programs before we saddle them with the bills.