Saturday, February 13, 2010

Obama Suddenly “Agnostic ” About Tax Hikes For Americans Making Less Than $250,000

Welcome to Obama’s “read my lips” moment.

Remember when Obama was vowing not to raise taxes on people making less than $250,000/year? Obama said during his first State of the Union address, “if your family earns less than $250,000 a year, you will not see your taxes increased a single dime.” During his campaign too he was making the same promise:

Now, suddenly, Obama is “agnostic” about raising taxes on Americans making less than $250,000/year?

President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

“The whole point of it is to make sure that all ideas are on the table,” the president said in the interview with Bloomberg BusinessWeek, which will appear on newsstands Friday. “So what I want to do is to be completely agnostic, in terms of solutions.”

Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year.