Questions about a middleclass tax hike

A month ago, when asked about whether the Obama Administration wouold raise taxes on middle class Americans, Robert Gibbs said “We’re going to let the process work it’s way through” meaning no one was going to mention tax increases, but they weren’t off the table.

This weekend, White House officials made it clear that tax hikes on the middleclass were inevitable.

Yesterday, when asked about tike increases on families making over $250k, Gibbs said “The President won’t raise takes on those making more than $250,000”;

So, of course, there probably won’t be tax hikes in the marginal tax rates, but that doesn’t mean we’re not going to pay taxes on other things – like the $.51/pack tax hike on cigarettes earlier in the year. They could could take away the tax advantages of 401ks and IRAs (my biggest fear). Make no mistake, we’re going to start paying more in taxes by the end of this year. And it’ll probably be George Bush’s fault.

Category: Barack Obama/Joe Biden, Liberals suck, Usual Suspects