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.

13 comments:

Anonymous said...

Does this really surprise anyone? After all he's spent to date, how he would pay for this. He can be very confident he will not be re-elected if taxes are raised.

Regarding the health care: I believe all the govt employees (ALL including Congress, staff, VP, President, etc.), exempting our military, use this new health care for a test run. Let's see how it really works!

triv said...

It would be nice to have a job, and have taxes to pay. With 600,000people still losing jobs each month, I'd hope the top priority is getting people back to work, and that will happen faster wit ha true bipartisan effort from Congress. More workers, more tax money.

Anonymous said...

Now, I'm no economist......... but....... if you have a huge economical problem that causes you to borrow trillions of dollars, and you have a whole raft of bills and reforms you want to implement as President would it not seem logical that you would have to raise money from somewhere? Where does Government get its money from? We the people!! Direct and indirect taxation is the major source of revenue that flows into the Government coffers. Governments do not MAKE money, they SPEND our money! As the major funders of the Government don't we, the people, rate?
Obviously since the major source of revenue is from taxation it is equally logical that to counter the 2 aforementioned issues that gobble money they would have to raise more money through more taxation! Simple? Well it should be simple. However, a candidate in the run up to the election who was saying that raising taxes was not broadly on the agenda was either naive, or deceitful. You have to make your own minds up as to which this was. BUT - be prepared to have less in your pay packet if you are a hard working person - higher taxation is coming to a Government office near YOU!!!
Wouldn't it have been easier to say to the public - look, this country is in an economic crisis, in order to get out of it we are going to have to make sacrifices. We have to put up with less now in order to secure the future for us, our children, and our children's children. Now THAT would have been an honest politician!!

Anonymous said...

You are asking a lot from a group of people whose only goal in life is to get re-elected.

Anonymous said...

I guess breaking campaign promises is nothing new, but Obama is raising the practice to an art form.

Anonymous said...

"But, for once, I'd like the folks in Washington to be forthright with the American people about the costs."

Yeah, and wouldn't it be nice if there really was a Santa Claus? Your prediction could well turn out to be true, but I'd find it more palatable if Washington first tries raising the tax rate of the rich and closing corporate loop holes on foreign earnings. If a tax hike is still needed after that, then so be it.

Surely Obama, who seems to be a student of political history, hasn't forgotten the consequences of Bush Sr.'s infamous "read my lips" fiasco.

james poyner

Anonymous said...

What they said was, "it's not off the table". They say the same thing about nuking Iran. "All options are on the table". While they probably will end up raising them, and this will be his waterloo, what's a person to do? If he comes out, and say's he's going to raise taxes, the bill is dead in the water, period. It's politics, plain and simple. Do people really want universal health care?

Anonymous said...

This is how Bush '41 lost his job in Washington. He said "No new taxes" and then raised them and we voted him out as fast as possible. So bring it on.
Why would Geithner be honest about anything? He didn't even pay his own taxes and then got rewarded with a cushy job.

Deborah Young

Anonymous said...

Are you putting me on? How about if we pull the plug on TARP and the pork train that Obama loaded up after he was inaugurated and get ALL of our servicemen and women back from our global military empire -- oops! Sorry, kids, we can't afford it any more!

Follow that up with massive taxes on corporations that offshore manufacturing jobs yet still sell their crap in the USA. You want to sell it here, you build it here.

How about firing the Federal government en masse? Just pink slip everybody outside of the Coast Guard, the Post Office and the Park Service. I'd like to see Timmy out on the street with a cardboard sign reading "WILL BANKRUPT NATION FOR FOOD".

Gordon Wagner

Anonymous said...

Why on earth would they now change they way things have been done for 230+ years? Say what must be said to get elected, do what must be done to suckle at the public teat as long as possible.

There will be no real change without bloodshed and tens of millions of angry people rioting in the street. I don't want that to be true, but I'm more convinced every day that it is.

Sorry.

Lonnie Lazar

Anonymous said...

I find this somewhat funny since everyone believed Obama wouldnt tax the middle class. I think he actually said he would all along just people heard what they wanted to hear.......listen up people many other things he said and is still saying that you're not listening to :)
TJonna

Anonymous said...

i keep telling you to demand democracy, but will you listen? nope, would require accepting responsibility.

politicians lie. they must. hyenas kill and eat cute little antelope babies, it's how they make their living. it's the system.

it's no use complaining about how people respond to the system they are in. if you don't like the results, you have to change the system.

it's not real hard. but americans are not accustomed to doing anything in politics, beyond complain, so maybe it is really hard.

al loomis

Anonymous said...

i keep telling you to demand democracy, but will you listen? nope, would require accepting responsibility.

politicians lie. they must. hyenas kill and eat cute little antelope babies, it's how they make their living. it's the system.

it's no use complaining about how people respond to the system they are in. if you don't like the results, you have to change the system.

it's not real hard. but americans are not accustomed to doing anything in politics, beyond complain, so maybe it is really hard.

al loomis