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FROM CNN's Jack Cafferty:
The Obama administration is not ruling out tax increases on the middle class. And this could be a very big deal.
During the campaign - candidate Obama repeatedly promised the middle class wouldn't see their taxes increase "one single dime." In fact, he said he would 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."
Fast forward a year... After bank bailouts, auto bailouts and the economic stimulus package - the president is trying to figure out a way to pay for all this plus health care reform while also reducing deficits. There aren't many choices: either raise taxes or cut spending. White House Press Secretary Robert Gibbs today insisted the president wouldn't break his campaign promise.
But Treasury Secretary Tim Geithner and National Economic Council Director Larry Summers both sidestepped questions over the weekend about raising taxes on the middle class. Geithner said they're not ready to rule out a tax increase to lower the deficit, while Summers pointed out that health care overhaul needs money from somewhere, saying "it is never a good idea to absolutely rule things out, no matter what."
But the problem is, the president is the one who ruled it out. We all remember how former president George H. W. Bush's famously promised: "Read my lips... no new taxes." A couple years later, he raised taxes and that was the end of his presidency. He lost his bid for re-election to Bill Clinton after one term.
Here’s my question to you: Would breaking his word on tax hikes for the middle class make Barack Obama a one-term president?
Interested to know which ones made it on air?
He didn't just say this once the way George Bush Sr. said "Read my lips: no new taxes"… Obama literally got elected by preaching this every single time he had a microphone in front of him for two years. This will be the unfortunate reward for all those who voted for Obama believing the fairytale that the rich would be forced to pay for everything, which the rest of America would get for free.
The White House has clarified today that it won't happen. Rightly so - as it's political suicide. It's a non-story. So stop wasting the public's time by hypothesizing about something that isn't going to happen just so you can join the media "pile on" that is happening to this administration in an attempt to curry favor with "the average Joe."
Read my lips: Yes. Everybody loves to get stuff for free. Raising taxes is only popular when others are paying. People whose taxes will eventually go up will turn on Mr. Obama. And, we will have to raise taxes on everybody.
In my opinion, the American people have seen just about enough of his radical side show to sink any possibility of a second term. Raising taxes will simply sink a ship that has already taken on too much water!
Jack, The party of tax cuts got us into this mess. All of a sudden, they have discovered fiscal responsibility - too late for many voters. The fiscal cost of preventing a depression is very high. When the recovery comes, it only makes sense that we all will have to pay for it. Biologists have yet to perfect the tree that grows money. If the voters won't respect that, then they will get back the dumbed-down government that we recently kicked out.
Unless Obama moves very quickly to the middle, he'll be a lame duck. Obama has let the left wing in Congress run wild. It's still likely that come 2013 we will have a Democratic president; you may be able to guess what HER name is.
Of course, read George H. W. Bush' lips. "Don't Raise Taxes" (on the middle class).
If breaking your word would make anyone a one-term president, I would venure to say that we would now be talking about our 200th president, one for every year. It seems that the ability to forget what you promised is the first prerequisite for getting elected.
Did “Read my lips…” result in a one term presidency? Do the math.
Yes. Obama is following Carter and will not serve another term. Americans are not that liberal and want a president who will serve in the middle, not the far left or right.
#1 – Unlikely he will raise taxes on the middle class. Geitner and Summers might have made comments that have gotten the media in a frenzy, but unless it comes from Obama's mouth, don't believe it.
#2 – Let's say he does raise taxes. Who else would we vote for in 2012? Sarah Palin? Unless a stellar candidate comes out of the sky on a flaming pie, Obama won't have to bother campaigning to win a second term.
Probably, since the country has gone stupid. It started during the 2000 campaign when W. promised to cut taxes. Al Gore warned us the math didn't add up, but people didn't care about math. As a result, the national debt went from $5.7 to $10.6 trillion during W's two terms. And it's still growing, and the people are still stupd, only voting for anyone who tells them there really is a tooth fairy.
Port Aransas, TX
Jack, of course it would cost Obama a second term just like it cost George H. W. Bush his second for raising taxes then.
Not necessarily !Our country remembers the Bush Republicans who got us into the economy mess we're in! At least with Obama he's one of us and not some Republican who cares only for his Rich business friends!
Jack: There is no doubt in my mind. The way congress has been playing around will cost alot of them their seat too.
I hope not. He's trying to solve a lot of difficult problems despite the intransigence of the GOP and the millions of dollars used for propadanda campaigns by the insurance companies, Big Oil, etc. etc. Shoud we borrow and spend like the Bush administration? There's a of evidence showing that he is trying to make things better for all of us. The Republicans still only want to make things better for the rich. If the GOP get their hands on any power before we fix the problems of energy, health and the budget, we will be DOOMED!. cy arlington, va
If Obama raises taxes and is able to turn the job market around and start putting people back to work I think he would be OK. But raising taxes and not being able to turn the economy around spells one term president. We need to get this deficit down and raising taxes might be the only way to do it.
He already is a one term president. This isn't the change we voted for or were promised.
Maybe. Bush the First lost over this issue. All I expect of our President is to level with us ... explain his options and his choices. Come to think ... that's the whole point of democracy ... right?
Rick, Medina, OH
To be truthful, I really don't think he cares if he is only a one term President. I think he intends to deliver on what he said he would, and by the way, everyone should know that it is going to cost something, and it has to be paid for eventually, someway. It will be a lot less than having to try to keep up with rising insurance rates that is only putting into the pockets of execs, and billions of dollars for investors. Mind you that these are people making money off the backs of people who only want to be able to have medical treatment. It is time for Democrats to strip all Republican amendments, and cram the present down their throat. That is what the Republicans would do if they has 60 senators. Now tell me I'm wrong !
With this question I am having flash-backs to "Read my lips, No new taxes". It cost Bush 41 and it will definitely cost Obama 44, along with the Democrat majority.
Unless Mr. Obama pulls a rabbit out of the hat, his scond term is blown.
I'm afraid there are other issues that have already cost him votes - his taking sides in the Gates/Crowley flail; starting many projects without finishing any of them to date; the stimulus being only 10% dispersed while unemployment is over 10%; running up the deficit which so far only benefits the rich; floundering on health care and not demanding a single-payer option or even a public option; continuing to blame "W"; not following through on "don't ask/don't tell"; keeping us in Iraq and increasing our forces in Afghanistan; not riding herd on Wall Street by letting them continue business as usual; and telling the middle class to "wait" for their share of the pie until 2013. Raise taxes on the middle class? After Geithner said it, I'm sure he will. I regret voting for President Obama because he's not the man he portrayed himself to be on the campaign trail. In fact, he seems to love his rock star status and applause more than the job he was elected to do. Come 2012, I'm staying home. I'm tired of wasting my vote on the lesser of two politicians.
Youbetcha! But then again, as more people fall out of the middle class into the poor class, there won't be a whole lot people to raise taxes on. And of course, you can't tax rich people nor their filthy rich corporation. Nooooooo -can't have that, now can we?!
And how many terms did Carter serve? Yup, they are 2 peas in a pod and their legacies will be the same.............nice guys, but total failures as president. The majority of Americans do not want or NEED the government to take over our lives.
Yes I do and if he dosen't get better as a President he is gone too.
Absolutely Jack. For me it would be a welcomed tax hike just to get him out of office before he can cost us much more.
That's not the issue, that's not the point. President Obama needs to do everything possible to getting us out of this recession/depression. And yes, that includes raising taxes, if necessary. If raising taxes is a part of the solution, then God Bless our President. Get 'er done.
If President Obama did raise middle class taxes the repercussions would resonate through the halls of congress to the streets of every town in the USA. So far the republicans can't seem to fire a shot that counts. With the raising of taxes on the mc the republicans would destroy the presidents credibility and could very well make Barack Obama a one term president.
Yes it would. Remember the first George Bush's "read my lips" comment which he didn't honor and lost re-election? Obama is a good student of history so he knows about this. What they will do is figure some way to try and get the middle class to pay more for health care, so that the poor, illegals, and unhealthy can have it at reduced cost. If they are going to pay less, I would have to pay more. We need to be vigilant and watch out for this – it just won't be in the obvious income tax rates.
It shouldn't. Look the reality is George bush and the republicans bankrupted and destroyed this country and President Obama is trying to fix it.
Read my lips – Yes.
Don't think so! Who is the middle class? Do we still have one in this country? where is the line ? Anyway what ever Pres. Obama wants to do someone will give flack! Wish hime luck on what ever he is trying to do ! Sometimes they think where they sit!
Obama is in a financial box. The electorate wants an improved economy, and the economy demands national fiscal sanity. To get to sanity the debt has to be reduced, and the options to reduce debt are few and getting fewer. To reduce the debt, business has to improve, increased money has to come to the treasury, and government spenders have to keep its hands off of it and use it to pay down the debt. So it's not a matter of raising taxes. It's a matter of Americans paying for what they've already bought. There are no alternatives to retiring our debt outside total destruction of the monetary system by printing up worthless dollars. And the inflation card has already been played. So Obama, in order to be credited with saving American fiscal sanity, is going to have to be very creative. And also lucky. His reelection may depend more on luck. After all, if a moron like Palin runs, Obama is pretty much assured a second term no matter what the economy does.
Hopefully it will not but you can bet the Republicans will be beating the drum to use this against him. They conveniently forget that it was Republican George Bush who so damaged the country by taking us into two wars, giving a tax break to the wealthiest of Americans, which totally ruined our economy ,and that the President is fighting desperately to fix things. President Obama is the best thing to happen to this country in many years and I trust him further than I trust any Republican on the political scene today. I wish they would once act like Americans and not Republicans and sit back, shut up and let the President fix things.
No, Bill Clinton raised taxes shortly after taking office. During his 8 years the national debt was reduced considerably. The next 8 years, all that and more were squandered. The country has to pay our own bills and not borrow by selling bonds to other countries. Folks, the credit card is max’ed out. People cannot expect endless tax cuts and have things improve.
I certainly would not vote for him again. Raising taxes on an already overly burdened segment of the population is just plain obscene!
That might very well cost him in a reelection bid......it would be a "read my lips" moment and we all know how that turned out.
No, he is doing great, we need to give him a chance to do his job and quit being so negative.. He said he wouldn't raise taxes on the middle class, but, if it is necessary, so be it. It might be what the Country has to have to get the previous guy's mess cleaned up.
Middle class? There's a middle class? Cost of living is going through the roof. I just saw a package of four rolls marked $4.99 - the same package in January was $1.99. A guy at Wal-Mart I was talking to had hiked 98 prices and it was only 9 in the morning. There won't BE a middle class at this rate, and taxing us more would exacerbate - and accelerate - that situation. TAX THE RICH. That Robin Hood guy had it down.
Being part of the middle-class, I will accept a tax hike only after the tax rate of the top one percent is significantly increased, say to around 35%. My President promised to raise that group's taxes. Now is as good a time as any to begin that process.
No, but unemployment, a failed economic stimulus package, an Afghan war gone wrong, failure to regulate the financial and commodities sectors, excessive executive pay, the devaluation of the US Dollar, and health care will.
Obama's mantra during the entire campaign was:
"NO NEW TAXES OF ANY KIND ON ANYONE MAKING LESS THAN $250,000.00 PER YEAR".
He didn't just say this once the way George Bush Sr. said "Read my lips, no new taxes" and was then crucified for giving the Democrats what they insisted that he do. Obama literally got elected by preaching this every single time he had a microphone in front of him for two years. This will be the unfortunate reward for all those who voted for Obama believing the fairytale that the rich would be forced to pay for everything which the rest of America would get for free. If something sounds too good to be true it of course usually is. If saying it once ended George Bush Sr.’s career then saying it hundreds of times will surely make Obama a lame duck before the 2010 elections.
Start the recall process, I don't think we can last one term with this president. His broken promises are going to hit the middle class hard. He knew he needed our votes and made false promises to get them. He is done after one term, regardless of another broken Obama promise.
I'm pretty certain it would cost him my vote, I can't speak for anyone else. As much as I like him personally, what I want and what I can afford are rarely the same thing. When it comes down to it, it's like car shopping, the choice will be made by my wallet.
Worked for George "Read My Lips" Bush. Should work pretty well for Obama. We as a people don't take disappointment very well. This will be added to the dashed expectations of having GTMO closed by Christmas, Iraq over by this time next year, all the universal health care you can use that someone else pays for, Afghanistan not becoming the mired sequel to the Soviet expedition, and unemployment still lingering at 8%
If a small tax hike for the middle class would bring positive results , then Obama would be re-elected.
As much as I hate to admit it, yes. Although the term "middle class" describes people who make considerably more money than the average person, they will only turn on you if they are continually targeted for taxes. I'll say it again, the FairTax initiative would solve all of this taxing by class non-sense.
If the economy is improved and wages up and people are working a tax increase now will have little effect on the 2012 election. If a tax increase comes closer to the election with little improvemnt in the economy, Obama will have a dificult time being re-elected. Unless of course the Republicans nominate a right wing wierdo.
Let's hope so. After all his promise sounded a lot like 'read my lips, no new taxes' which is what sunk Bush I.
Without a dout. The president should take a lesson from a former president " read my lips" i think we know what happen to him. After a promise not to increase middle class taxes. It would be one term Obama.
It's just one of the many lies he told that will cost him, and democrats in general, the next several elections. But hey, we really really need to break the bank so that the 8% of the country that can't afford it, and the 5% of the country that just doesn't want to pay for it, can have health care.
Yes, it would. We can't stop spending right now because that's what happened in the Great Depression and it really slowed things down. However, when we pull out of this thing I don't want to hear about raising middle class taxes, I want to hear about spending cuts.
I'll bet Geithner and Summers heard an earful but I also think they were talking to the bond market that is very nervous about the deficit right now. No matter what, it's gonna be painful, very painful.
Yes, It would cost him a second term. Remember Bush 1. It cost Bush 1 the election in 1992
An increase in taxes on the middle class in these economic times would not only be politcal sucide by President Obama in seeking a second term. It will also help to rejuvenate the dormant Republican Party, he helped to put out to pasture, throughout the U. S., except in the southern region of our country...
Central Islip, N.Y.
Raising middle class taxes would most likely cost Obama a 2nd term just as it did for GHW Bush.
Instead, President Obama should initiate a temporary or partial reduction in unproductive foreign aid giveaways for countries which do not ally themselves with U.S. leadership advisories beginning with Israel's reluctance to end settlement construction in the West Bank and Mexico's failure to curb drug violence while foreign aid continues to add to America's debt.
Obama needs to do what he said he would do. Even if he doesn't say, "Read my lips". He promised that those making under $150K would not have their taxes raised, and he promised that those making more than that would, despite the mewling of multi-million of the Wall Street and health insurance company execs who have all the patriotism and empathy of a Somali pirate. How much money do they need anyway? And if he does not get-re-elected it is because someone who is actually liberal, not a "moderate" does. Never again another Republican.
I don't think it should, but it might. He made a promise to not hike taxes on the middle class, and that's exactly what they appear to be floating right now.
On the other hand, he also made a promise to fix healthcare and the economy. To do all of this without hurting the deficit or raising taxes is probably unreasonable.
Some will argue he made all these promises knowing he couldn't keep all of them, but whether he promised them or not, they're problems that needed to be fixed and it's not a process free of cost.
This middle-class voter who pays more than her fair share wouldn't vote to re-elect President Obama if he broke this particular promise.
In View of the present economy and in view of the way the president has been spending money like a drunken sailor, yes I believe this may happen. I voted for Barack Obama, but I will think twice the next time.
Obama is done, regardless of how many more promises to the middle class he breaks. This man is way to liberal to run the country, he has NO business knowledge or experience and no understanding of simple economics. A community organizer does NOT make a good president.
well jack we knew it would come after all the lies we were feed during the campaign trail last year we know dem's do this all thetime whenthey get control of the all branches in power to them we knew it would come it just was how soon and this will cost all the dems in the house, senate and definitely his second term would be not happining
He won't win in 2012 not just because of this but because of his not fixing the economy. I say this unless the party of NO nominates a person named Sarah to run against him.
This is to distracted Americans from Governments agenda. Americans are fed up! Americans can stop out of control government spending. File "EXEMPT" on W-2. Don't pay for a Government policy that Americans don't want. Stop paying taxes!
I dont see why, politicians (No matter how popular) lie all the time, it's like a prerequisite to being one...but then again I think this broken promise measured against the GOP (Who seem like they would sell us all up the river to get back in power) still has Obama getting my vote in the end.
Absolutely yes. The Middle Class is his voting base. He can count himself out if they are taxed one iota. He would swiftly become extinct.
As much as it pains me to say it....Yes!
Anyone who believed Obama's campaign promises of "NO NEW TAXES" on the middle class was merely hoping for a change that would never come. If Obama's financial gurus are already talking about new taxes for everyone based upon the billions he already spent then there is no way new taxes can be avoided if Obama's plans for healthcare, a second stimulus plan and endless hand outs come to pass. The Hope and Change crowd surely deserves this for being so gullible to believe Obama's campaign promises.
Not necessarily. If the economy continues to recover, paychecks/bonuses/annual salaries will begin to increase and the middle class will still see more cash in their wallets. Obama will, of course, get full credit for the recovery even if he hinders it.
OH YES !!!!!! I didn't vote for him the first time (Mr.Chicago Politics goes to Washington) and any increase in my taxes would guarantee a no vote again. At 78, on a small fixed pension and a small Social Security check, I still have to work part time to make ends meet.
I won't be able to afford the "end of life" conversation with my Primary Care Physician at this rate.
"Go gently into the night, Bill, you've used up too much oxygen and you've left a big carbon footprint, so it's time to say goodbye, but make sure your co-pays have been taken care of!!!!"
More Jack Cafferty time and less of the Wolfman.
No, it would not, How do voters expect to pay for G. Bushes war, Bushes bank failures , etc. etc. etc. etc. Put the blame where it belongs, go into his and Chaney's bank accounts, here and foreign banks and take back all the money that they stole . I bet it would be a huge amount, gotta start somewhere and that sounds good to me, then I'm willing to pay my fair share.
IRaising taxes will not cost President Obama our vote. It would be perfectly okay to have a Federal sales tax to fund Healthcare reform pay on the deficit etc. that way every one would share the burden.Its not too difficult to understand, If the difference between what we spend is greater than what we collect in taxes, then we either have too increase taxes or cut spending. Everyone wants everyone else to do the cutting. It depends 'on whose ox is being gored' So a sales tax is the only way to go. Rich or Poor every one has a stake in our success.It can be done.
accm. of La.
As far as I can see it, Obama will get a 2nd term no matter what. What person in their right mind would go back to those dreadful Republicans after 8 years of their reign of terror under Bush that got us into this economic disaster. American public will not forget that Obama at least tried to make it right.
I doubt it.
So long as the tax code regains its traditional and proper progressive taxation schedule and closes corporate and individual loopholes that push dollars overseas, I think the majority will stick with the President and his party.
I support President Obama during the whole campaign and elections...volunteered for his campaign and promote his agendas as I believe them to benefit our country....but I wont vote for him again if he goes back on his word about raising middle class taxes. A man is only as good as his word.
Jack: I am a Democrat and yes it would cost him the election in 2012. I believe the taxcuts for the top 5% of wage earners installed by President George W. Bush should have been revoked yesterday. If President Obama recommends a tax hike for the middle class all the Democrats will lose. It was the rich Wall Street bankers who caused this present recession.
I am not sure, he knows he will have to do it, and when he does he will blame it on Bush. Everything he does that does not fly gets blamed on Bush or the Republicans.
It will cost him the next election because he has already raised taxes on the middle class by raising the taxes on the wealthy. It is called the trickle down effect. Any time you raise taxes on the wealthy they will pass those taxes down to the middle class who can afford it. The poor pay little or no tax so the only people left holding the bag are the middle class. Now that's change you can believe in!!
The republicans are so out of the loop that Obama could probably get re elected with a middle class tax increase. Obama could give up on health reform and be more popular. That way the insurance companies win and we would still have 49 million people with no health insurance.
He has already raised taxes on the lower and middle class via the cigarette tax increase which is another way to make a few people mad and the rest happy, mad smokers and happy non-smokers. He will lose in 2012 unless Sarah is the candidate for the Republicans.
Yes! If Obama raises taxes on what is left of the middle class, Joe the plumber could beat him in 2012 by running a "I told you so" campaign.
I think most people, not all, are intelligent enough to know that one big reason why we are in the mess we are in was because the Republicans didn't tax enough to finance t heir ambitious plans for two wars and totally ignored our infrastructure, education, etc. during Bush's term in office. Moreover, their imbalance in taxation created a real deficit because the wealthy weren't taxed enough and they had the means to find loopholes to avoid paying what they should have. It will hurt, but not enough to turn the voters against him if the economy turns around like it looks like it's going to.
Jack: Raising middle class taxes would be a mistake – period. One of the Presdient's promises during his campaign was that taxes would not be increased for those earning under $200K. I'd say the framing of this idea is more GOP spin to put fear in Americans.
Yes, all he needs to do is actually give us services in return. We don't need more bombers or tanks, give me health care reform, and more money for public schools. The funny thing is I believe that if the people were actually listened to instead of the lobbyists this would have happened a long time ago.
On top of the already tragic state of the economy, his inability to do anything on foreign policy and the failure to keep the overwhelming majority of his campaign promises....YES.
But if the majority of americans forget the promises he made, and the news media continues to treat him like the Mesiah, then no.
In this country with the tax terrified people? Yes, probably. Republicans and their fear mongering always seem to win out, here.
yes because he promise no income tax increase on income lower than $250,000.00 but he could put a sales tax in play plus other cut to the budget. we have to pay the bills so we all should chip in if it will improve this country.
I think the only way it wouldn’t cost him a second term is if there was a tax hike across the board. If the rich also had their taxes raised then it might fly with the American people. But if he essentially pulls a Bush and give tax breaks to the rich while raising the rest of our taxes you can look forward to a Republican president in 2012.
Definately !! Plus, I do not think there is enough "middle class" people working right now to make enough money on taxing us.
To be truthful, I don't know. The economic situation George H. W. Bush faced went he was president were nothing compared to waht Pres. Obama is facing today. We need to pray for our president that he would make the best decision, and that whatever he decides, the American people would support him.
Jack, I think if President Obama does succeed with the health insurance reform bill it will mean so much for the majority of us middle class, that we will not mind paying our fair share of taxes. After all, we're the backbone of the economy, right?
Our forefathers expected us to pay taxes. You don't get a free ride. It would be nice if everyone would feel obligated to pay their portion of taxes. Everyone would benefit from that. Actually, I don't see how all these government programs have thrived and no tax increases. President Obama would probably be wise to pass the flat tax.
Yes, I believe it would cost him a re-election. I voted for President Obama and still believe what he is doing is helping the economy. But, if he raises taxes on the middle class it will cook his goose for sure. I am hoping he is the one President who will keep his word.
I honestly think it depends how that money would be used. personally I think the President is in MORE trouble with most "progressives" like myself. because of the on going wars and NOT fighting for single payer healthcare. that AND if so called "independents" flip is what could really hurt him because the 25-30%% of so called "conservative" Republicans didn't vote for him the last time and won't again in 2012.
Yes, it probably would make him a one-term president, but HE didn't say he would raise middle class taxes, nor did his advisors. Why does the media make a mountain out of a mole hill? Just to fill your 24 hour news cycle, I guess. That, and to put controversy out there so you can talk about it for 24 hours a day. The President said NO new taxes for the middle class, but watch out to those who earn more than $250,000 per year, as it should be!
As much as I've suppported him when he was running and stood up for him to all of my freinds who voted for McCain I would not vote for him again if he raises taxes for the middle class. The tree can bend al little but this issue breaks the branch.
Hubbard Lake, Mi.
No, I don't think it will make Obama a one-term President. We won't like a tax hike, but it can't be helped. He wasn't fully aware of the mess George Bush left behind for him to clean up. Neither were we.
Raising taxes could cost the President a second term because Americans sometimes aren't that bright. Those of us who are realist understand that we are in a financial hole. How else do we get out of this fix without raising more income. If raising taxes will put our country back on a strong footing, then I willing to pay more taxes. After all we are supposed to be in this together.
Simply put, if President Obama raises taxes he's done.
If so, then he only has himself to blame! We have all seen this movie before, and know how it ends. Especially considering that in his Heath Care Town Hall he reminded everyone that he has "kept every promise in my first 6 months". So, to fail to keep this one, would be costly to his political future.
If he raised taxes for good purposes, I think he would be forgiven.
But virtually all the money spent so far, on corrupt Wall Street bankers who STILL give themselves BILLIONS of taxpayer dollars in bonuses, or incompetent car manufacturers, has been totally wasted.
Even the health insurance reforms are going to be a huge boondoggle. If he concentrated on no exclusions for pre-existing conditions and driving the cost down by getting rid of waste and unnecessary treatments in the medical system (the Cleveland Clinic model), he'd have a winner.
Extending "free" health insurance to 49 million people will just be a money pit.
I don't know whether it will cost him reelection, but it will definitely cost a dent into his image. Until people realize we're in a bad situation in this country and around the world.
The president understands that the American lower and middle classes have already shouldered much of the burden for freewheeling venture capitalists and people having grand adventures with other people's money. He is focused like a laser on that group picking up some of the slack and I for one applaud him. Face it - if trickle-down economics actually worked we'd all be billionaires by now.
A tax hike would not cause him to lose a 2nd term as most voters know it was a lie. It will be his lack of leadership & experience governing that is going to hurt him.
Jack, I make $50,000 a year and I wouldn't be against the government raising my taxes if it was for a good reason. I don't care about the president's trips to NYC or France; I just don't want my money being wasted on more bonuses for the execs of bailed out companies and being sent to help those Americans who signed on to buy houses and cars they couldn't afford in the first place.
Casey in Minneapolis
Quite possibly – although I will take a tax increase" on the chin" if we can finally get universal health care. However, any GOPers ready to pounce scare me to death Hillary, anyone?
It shouldn't, but then again overall, the American public has a very short sightedness type of tunnel vision when it comes on how to pay for all the previous administrations ongoing programs, plus what needs to be done to turn this thing around.
Raising taxes should not be the question. The earnings for what is called middle class is set too high. Most Americans would feel a little rich if all they earned per year was $250,000.
Absolutely! Change means many things to many people...BUT...Americans all agree on one aspect of Change...and that is...A leader who will not "Lie to us"! Healthcare is very important...but...Obama would be even more respected..."If he scraps the whole thing...in order to keep his promise to us"! Healthcare has been terrible in America for decades...we can wait a year or two...and make sure it is done correctly! Any taxes on the very people who are in need of help...undermines everything(stimulus, etc.)! Any OLD Republican can do that for us...as history has shown! He is very smart...I'm sure he sees this trap very clearly though!
It depends what your definition of "middle class" is.
They'll simply redefine the word and then sock it to us.
Read *MY* lips:
No second term.
Middle class is a term suffering from a wide disparity in interpretation.
President Obama considers anyone making over $250,000 a year as the beginning of the middle class.
This is in the top two percentile of American earners and should be the only citizens sacrificing for health care recipients giving up some pocket change for the welfare of the country.
The republicans want us all to believe we're middle class as they eat caviar for dinner.
Unless things turn around fast, Obama is destined to be a one-term president no matter what he says.
Have confidence that Barack's administration will be criticized , yet present the necessary tax and invest in our children's future properly. Every generation has a core of driven people who attempt to bridge the future without walking on the past and other cultures, fortunately GW set the stage for Obama through proxying his presidency to the machiavelian Rove and the mercenary overseer Cheney.
Just because they side stepped the question on Sunday, the media immediately said that President Obama was breaking his promise not to raise taxes on the middle class. President Obama NEVER said he was for raising taxes. I declare the "media" has a terrible time with truethful headlines and/or summaries.
Raising taxes on the middle class might not cost President Obama his job depending on the state of the economy and any increases in the real income of the average American. However, given today's economic conditions, he'd be out-a-there.
I voted for Ron Paul during the last election. I didn't like McCain or Obama. But I did consider Obama. The reason that I didn't vote for him was that he had so many promises that I knew he couldn't deliver.
I'm convinced now that I was right. I hope that the next election in 2012 the people will know that they got snookered and will not vote for him and also not vote for any Democrats. .
Unless a tax increase on the middle class was accompanied by a total recovery of the economy, I think it would make it impossible for President Obama to get re-elected. Of course, many people would never take the time to realize that the President cannot raise taxes by himself.
The burden of the entire economy is already being borne by the middle class.
A MUCH better idea would be to raise taxes on the UPPER CLASS (the rich), as they have all the money anyway!
AND along with tax increases on the rich should be legislation that closes many of the so-called "loopholes" in our tax code. It shoud also be legislated that the rich could NOT hide offshore to avoid paying taxes. If they want to go offshore, they need to just MOVE offshore.
The middle class is SICK of paying the freight, and the lower class (the poor) cannot pay.
Of course, a tax increase on the rich would not bode well for the President's chances of reelection!
Considering he won the election because of middle class votes, and all the promises he made, yes Jack, he can kiss a second term goodbye. The only way he'd win is if Palin turns out to be the winner in the GOP primaries.
Not ot worry, he will never do it in the first term.
The only way that it won't hurt his re-election bid is if he tackles entitlement spending at the same time.
He wasn't going to get a second term any way, so it doesn't matter what he does now. But if he breaks his word on taxes now the Dems will loose a lot of seats in congress.
WAKE UP! How is this so hard of a concept to grasp?! Tell me how this would be unfair...22% tax, across the board! To the VAST MAJORITY, who fall in the "lower income/higher tax" bracket, this would be a God-send. For those whose income/tax already falls right in that range, you wouldn't see a change and should feel good that you were getting taxed fairly all along! And for those of you who's taxes went UP to 22%...well, you're welcome for all those years of "free money". So I ask again...how is this unfair? Now, I'm no economist...but I did stay at a Holiday Inn Express the other night, but only because I couldn't afford the Ritz...
Unfortunately, yes, because it will continue a sad political cycle. Republicans got in and cut taxes and ran up our debt to over $10,000,000,000,000 (Remember they had to add another digit to the National Debt Clock?) and everybody is happy until they see what the corporations are getting away with and things go wrong. When the Democrats get in, they are faced with an economic mess that prevents them from moving their agenda forward. When they try to balance the budget like Clinton did they get slammed as tax and spend liberals. I think that is better than the borrow and bust conservatives of the previous administration.
Absolutely! It might possibly be the single act that would be unforgiveable. Even the can't lead, can't govern, can't cooperate, do nothing, no new ideas Republicans would probably explode with joy if the President raises taxes on the middle class. It would almost certainly point the way back for them and send President Obama's 2nd term chances spiraling downward.
If a slight, negligible increase in taxes gives America the single payer Universal healthcare system we so desperately need, then it will ensure his second term. This will guarantee his second term.
It did Bush 41 in. However, if in Nov. of 2012 the country is in much better shape than we were left in 2008 that will say a lot about re-election.
"Read my lips, no new taxes" already took down one prez...
I sure hope he doesn't forget who voted for him, but just in case, you might want to roll those tapes one more time for his benefit!
None of his promises can be fulfilled without tax hikes on someone. And any tax hikes will somehow end up being paid for by the middle class as always. We cannot afford his type of philosophy and I believe he is already headed out the door.
Absolutly even if hes doing it to bennefit the American people its going to cause pain and anguish accross the nation and he will be viewd as a dead smelly fish in will be thrown out .
It sure wouldn't help him. It's not like he said it once or twice. He said it in nearly every speech and meeting throughout the campaign. He even said it to that idiot Joe Not A Plumber. He has already "walked back" on a lot of promises. This one might really hurt him.
Should Obama be worried about a second term or doing what is right for the country. This is the problem with the Congress & health care reform they are so concerned about getting reelected that they have lost sight of what is right.
The Congress is only concerned about monies interests ( or special interests). That is why they are getting such bad ratings.
It won't cost him my vote.
What middleclass? If the middleclass actually still existed it would hypothetically destroy Obama politically to raise the hypothetical middleclass tax.. But, the truth is: Obama loward our taxes as part of the stimulus. There is less taxes being witheld from our paychecks. We have Obama to thank for the lower taxes that we are paying. That is a fact that cannot be drowned out by all the tea bag parties. It is a fact that will not be shouted down at all the townhall meetings this month. So, why even ask if Obama will raise taxes on the middle class? To make republicans look like morons when they take the bait.
Who cares, just fix the problems. If the economy turns around he will get a second term, if he does it quickly, he will have all the non-blue dog democrats he needs.
No. The last administration used my tax money to create a bunch of problems, and the only thing that would cost Obama my vote in 2012 is if his administration fialed to fix or address the problems he inherited. As a member of the middle class, I am on board with giving a little extra if it means helping the country out of this mess. Let's not forget the thousands of men and women who have sacrificed their lives for our benefit. Can we civilians not spare a few dollars?
Will it cost him a second term?? Wait, what month are we into his presidency again? Give him another three years, see what happens within that time, and see if people will even remember this.
taxes will just be another nail in his political coffin; there are so many wrong things with this administration, starting with its unprofessional nature to the admitted tax cheats...that 2010 will empty congress and hopefully he'll be a lame duck. History will show that he'll end up being one of the worst, if not they worst presidents.
Tim in Apopka
No he will not. If the economy and unemployment problem we face is fixed, most people will be happy with their better paying jobs and new houses.
He's already backtracked on taxes without saying a word. Remember that cute little "tax rebate" site he set up before the election showing middle class earners would get extra $1300-$`600 rebates "under his plan"- only problem is- that was a lie. With his party in control it really equated to $8 a pay or $16 per month average. Talk about screwy math. (Not that I voted for "Che' Obama" anyway)
NO, I believe that our President is doing everything possible to get our country out of the "mess" that the previous 'president' got us into. I for one, stand behind him and his policies.
Well Jack, I can only speak from my minority prespective. If he hikes taxes on the middle class, the $200 and the vote I gave him for President will go to ANY Republican that runs against him
All this talk now about whether to raise income taxes on 'the middle class' is just a smokescreen. Cap-and-trade will be a massive tax increase on the middle class. He already lied.
No. We have avoided a catastrophic economic collapse and he is asking more us to pitch in and pay for the massive cleanup of Bush's reckless and failed policies.
Jack- people's memories are very very short term especially in a recession- any short term improvement in any measure (home sales, car sales, consumer confidence, etc) will wipe out any negative feelings people may feel temporarily towards the president's job approval ratings. No matter what he does, he'll come out smelling like roses and will win a 2nd term (it's only 7 months into 4 years!!).
I think it depends on how Obama implements a tax on the middle class. Cap and Trade will essentially be a tax on the middle class, since utility rates will be forced up; however, it depends on whether the middle class just blames the utility companies or if they look behind the cost increases to see Cap and Trade in action. In addition, taxes could be added to employer-sponsored health care plans. Some of Congress seems to be interested in protecting the high income and wealthy and forcing taxes on private benefits, which could affect more people.
He'll just "calibrate" his promises so that middle class tax payers are really just those who don't pay taxes but get rebates. Then he can increase taxes on everybody who actually works and pays taxes to spread it to those who don't.
After spending trillions of dollars to bail out the fraud and greed perpetrated by wall street bankers, anyone voting to raise my taxes had better not even think about looking for my vote come re election time. We need to hold everyone including lawmakers accountable.
A second term is already lost.....we did not request chains...(change) and we are already weighed down with the repayment iron of this last 7 months with the SPECTOR of yet more taxes associated with Cap and Trade and A government run health CONTROL system.
Good luck trying to raise my taxes since I lost my job last Nov., and now I live in my parents garage.
It's amazing how people have selective memory. President Obama never said he would raise taxes on the middle class during his campaign & I'm sure he wouldn't say or do it now. Some "supporters" are so quick to jump ship on the President Obama agenda, when they did nothing when Bush got us into this mess. This raising taxes talk is just another lame way of the repubs & media to kill Healthcare Reform.
If President Obama does have to retract on previous promise not to raise taxes on middleclass the aftershocks would be bad for the democratic party during mid-term elections and most likely hurt him in 2012 this trend has always been a tradition in politics in america when they get mad at a party the other party will benefit never considered the fact that any president democratic or republican makes decisions that are going to be popular reality kicks in and voters have a hard time handling it makes one wonder why anyone would want the highest job in the land considering it is a dam if you do dam if you don't job not going to see many raise thier hands wanting to run that is for certain.
Out of control congress and the complete lack of fiscal discipline in DC is likely to do more damage to his chance in 2012. Hard to believe but the drunken sailor spending model the GOP used during the previous administration is being made to look frugal compared to today. IT would be nice to get rid of the whole lot of them and replace them with actual leaders able to make a hard decision and put our house in order.
ANY tax hike will hurt the macroeconomy, and consequently President Obama. Taking liquidity out of an already weak market is a bad idea.
I'd gladly pay the same tax rate I paid under Clinton, provided I'm not subject to a government that I hate, the way I did when Bush was in power. If we must pay more in taxes–then lets have regulations that put people before health care companies and consumers ahead of banks. We're not there yet, but I could live with higher taxes, if Corporations didn't run everything.
Six months into Obama's first term and we are already questioning if he merits a second term? I remember six months ago on this very blog questions about whether we would need to change the Constitution to clear the way for Obama's third term. It's amazing how "HOPE' can "CHANGE" to disappointment when reality's rubber hits the road. Looks like "READ MY LIPS PART 2" to me with a predictable outcome.
So the Republican who couldn't remember how many homes he owns says that he'll lead the filibuster against a program that puts a few bucks in the hands of ordinary people who want to trade an old clunker for a new, fuel efficient car. Yeah, good luck with that...
Everyone should quit worrying about playing politics and worry about what is best for America. "W" gave his buddies tax cuts and then started 2 wars. Those tax cuts cost alot of govt revenue and so we had to borrow. We all need to start living within our means and realize that we are going to need to pull together as a NATION to get out of this. Rep. or Dem. it's not going to matter because if we stay on this path we aren't going to be a super power very much longer.
I will not speak for or against President Obama. As an independent voter, the political catch phrases and sound bites of the day fall upon deaf ears. What I will judge, when the time comes, is whether programs and policies enacted during this administration have had a positive or negative effect on my country and its citizens.
As for higher taxes, there is no defense. Anyone whose wealth appreciated while the stock market soared on pie-in-the-sky investments; anyone who remortgaged their home and bought something new while real estate was king; anyone who swiped a credit card and traded their financial security for too many whims; well, its time to pay the piper. And we know it.
NO, but if he were a republican the liberal media would scream about him "breaking his promise" for the next three years and it would cost a republican Obama a 2nd term.....but, in three years, the working and non-working poor will just say that the middle class are just paying "their fair share" and vote Obama right back in.
Obama is already on track to be a one term president. If he allows taxes to rise for the middle class, it will be icing on the cake. He is acting, oh gosh, stupidly.
Upper Saint Clair, Pa.
Not if Obama convinces us that the way out of our national debt is for all of us to pay a little more for a few years. I'd give anything to reduce our dependence on foreign credit, and I'd be willing to pay for that. Reducing our national debt would strengthen our country tremendously. He would need to convince us to pull together, though, and in today's current political climate, that's not likely to happen.
Absolutely not! Citizens of this country need to realize that government services COST something and they are NOT free. This is the prime reason why we have 11 trillion in debt because Americans believe we can have everything and still not have to be taxed for it. I am sick and tired of politicians being criticized for bringing up a tax hike. As a twenty year old, I am probably going to see tax increases of over 50% due to the fact that my parents and their generation sat by and pushed tax increase aside for a future time. Well, that time has come and we cannot delay any further.
It really amazes me that, 6 months into Obama's first term, we're speculating about his electability for a second term based on one single issue. Granted, taxes are a vitally important matter, but it deeply concerns me that we, as a nation, are becoming unable to take a long-term, big-picture view of anything. And the media are playing straight into our collective short attention span. Stop speculating–and start thinking!
And, just for the record, the Obama administration and the new Congress are having to undo eight years of Bush-onomics. It's an unenviable–and complex–task. Is it asking too much to let them think it through intelligently?
You better believe it! If Obama raises taxes Hillary and Bill will be moving back into the White House.
Absolutely! That would be one of the biggest mistakes of his presidency. President Obama and his team should rather find other viable alternatives. Raising taxes is not one of them period!
It's much too early to tell. At present I would vote for Obama/Biden in a heartbeat over any Republican candidate, period. How can anyone with an open mind forget 8 years of George Bush?
Is his second term shot if he raises taxes on the middle class? Maybe.
Is it shot if he doesn't get health care reform passed? Definitely.
Not with me, though I wouldn't be happy about it. In my view, the Bush administration sufficiently mucked things up to the point that I don't see anything but increased taxes in one form or another for everyone.
Yes. Any kind of a tax hike for Americans who make less that $250k/year would cost Obama BIG in popularity polls. This was a huge campaign promise Obama ran on for over a year through the primaries and general election. Breaking this one would probably cost him a re-election.
It all depends on your definition of "Middle Class". In Los Angeles California, a household earning 250,00 a year IS middle class. In Concord NC, 30-40,000 a year is middle class. The LA middle class has already been promised a tax hike. How low will the Obama administration lower the bar on "Middle class"? That is the question.
Yes, raising any taxes would be the end for Obama. He should have cut the taxes on everyone including business and the economy would have started turning around more quickly. It would have got money in the hands of everyone instantly and also created jobs. Now he just is spending money and giving out more welfare. I sure hope he does not know what comes after a trillion or else our grandchildren will be lucky to see even 40% of their paycheck. If individuals need to keep their spending under control, so should government.
3 1/2 years is a long ways away, but with a middle-class tax increase, Obama should be more concerned about losing control of Congress in 2010.
Second term,third term or fourth term.Lets at least agree that Mr.President is doing his very best to represent the interests of the middle class for a change.
Yes, that "promise" was a major factor that led me to vote for him.
I understand campaining and being in office are said to be different. But I am fed up with broken promises from politicians. Learn what the job is all about before you apply!
Does a value added tax count? This country is consumer driven and the best and most equitable way to breach the gap is to levy a tax on those items that are not deemed essential....
It would cost him the voters that are already on the fence. But the truth is, there is no way to fix George W Bush's mess without raising taxes. He probably should have never said that he woyldn't raise them, but what else is new. At least he is trying, more than I can say for his critics.
It probaly wouldnt make a difference. Im sure Obama would have changed the constitution by then. Declaring himself king; thus there would be no need for an election. We already have the czar's, cant be too far from a monarchy.
I don't think it will matter honestly. If pepole aren't fed up enough by now with the way this administration is handeling foreign and domestic issues to make them see the mistake of ever electing Obama, they never will. To some pepole what is (or is not) accomplished is meaningless, it's just the novelty of electing a young black man who is not George Bush.
I don't think President Obama is worrying about his second term. I think he means to do what everyone was for during his campaign. Now some of his supporters have turned into nit-pickers. As for those who keep saying he's too far left, he hasn't gone left enough for some of us. Congressional Democrats need to stop being weinies and help him get the ball rolling on health care – we were hoping for a single payer system, but even a watered-down version would be better than what we have. I'm tired of making insurance executives rich and letting the insurance companies decide medical care. Afraid of rationing health care? That's exactly what insurance companies do now! Any time they can say how long you stay in the hospital or what treatment you get, that's rationing!!!
Jack, Writing from Honduras. He might as well raise our taxes and get all he can out or us. I expect he has already lost the 2012 election so he can't do much more harm to this country than he has already done. By the time Obama has spent this country into the poor house during his first four years there isn't going to be anything left for him for another four years.
Given the disastrous ramifications on salaries and wealth caused by the current economic crisis, I would first be interested to hear just who comprises the so-called "middle class."
There will be a tax increase. I see no other way fo pay for the social programs and increased deficit that the stimulus brings. I would like to see ALL americans pay income tax. The low income folks live here. They use the social services. They should pay their share. Even if their share is modest it will give them a stake in the future of the country. He needs to balance the budget and temper his social agenda with what the country can afford.
Jack, I think President O'bama will damage himself if he raises taxes on the Middle Class unless the upper class has started paying their share off Taxes. Closing the Off Shore Money Laundering will bring the Most off the Tax Money wew need. Make the taxes retro-active on these Crooks & we will have more than we need. I'm A Democrat & i will be an Independent if Taxes are raised on the Middle Class.!!!!
Keep them straight Jack.
Obama is dooming us all with his change. The economy has been in a death spiral since the day the dems gained control of the legislature.
Those who are doing all the work in this country have already turned on the President. His interference in the housing business, attempting to "keep people in their homes" is keeping more deserving people like myself out.
Perhaps folks would like to cut more taxes to solve our economy problem. Get real, I don't expect President Obama to do anything without a good explanation. If he can make a legitimate case I am with him. I am tired of being lied to by the other party.
Personally Jack, I don't care if he raises my taxes. Bush cut taxes for the fat cats and spent like a drunken sailor. What did we get for it? A half built fence, a crap war, an economic disaster, drowned folks in New Orleans, and the world's hatred. Obama has cut taxes for 95% of Americans, increased Pell Grants so that MC Americans can go to college, gotten rid of wasteful spending like the F22, put money into local communities to give jobs to those who need them, and saved our teachers, firefighters and police from being laid-off. I'll pay higher taxes just to keep the dang republican's mitts off my money.
No he won't raise them until he gets re-elected. Lets say end of January 2012. He will alreayd be re-elected and won't care.......lets get the middle class (the drones will re-elect me) in 2012....
Middle Class? After 8 years of George W. Bush is there even such a thing as middle class anymore? Bush gave tax breaks to his millionaire buddies and helped plunge us into an economic disaster. I will vote third party if Obama raises taxes on the middle class or doesn't offer a public option on health care.
Obama's unpopular policies and poor leadership is already harming his chances of winning a second term. Breaking promises will only add fuel to that fire.
The White House has clarified today that it won't happen. Rightly so as it's political suicide. It's a non-story. So stop wasting the public's time by hypothesizing about something that isn't going to happen just so you can join the media "pile on" that is happening to this administration in an attempt to curry favor with "the average Joe."
read my lips no taxes on the middle classs..tour word is your bond.. if you cant keep your word and you are not truthful to the public than you should be fired......
Jack, I think as long as he keeps telling everyone he cares and we continue to see our 401k's, Stocks, homes,health care and education are being tended to. That and the fighting against Al Qaeda is now on the land where it should have been. I don't think he will have anyone else to run against. The party of "No" will not be able to challenge him as long as the programs keep working despite their "No-optimism". They continue to say they don't agree but they don't have their own thoughts, who wants to supportt the party of No when they won't have any of their own ideas but they want to bash the Dem's. I watched Republicans run meetings back in the bush era, where the shut off microphones and walked out of organized meetings where oversite was needed and they did not care. We need two parties but they should be working together at this time. Just my thoughts Jack
May be, Obama promised me that no Middle class taxes, only for people with $250K and above, if he raises taxes on me for sure I will not vote for him next term
Of course it would. Obama has been telling on lie after another since Last September. It's catching up with him. He's a facist following Hitler's play book. Since he don't have his National Defense Force (Brown Shirts) he can't suppres the outrage. Ask Spector & the Health Sec'y sinecure how their weekend went.
Ask the same question in 18 months Jack... Obama will be a shoe-in. Let's face it, the rich control the economy. They will not go much longer with a hard knuckled grip on their coins. They have zero needs, just wants they satisfy with influence via cash. The rich should live for a full year the other way around. Where the hell is the real guy seemingly responsible for all this? Henry Paulson for president anyone?
It shouldn't lose him many democratic votes. If the fiscal conservatives aren't already turned off, I'm wondering if this would be the last straw. Personally I hope he has huge successes. Considering whom the republicans have given us, it's nice to have some one who is thoughtful and considerate in the office instead of the Bush/ Palin ignorance, greed and mean-hearted theocracy.
Nothing will cost Obama anything unless he doesn't get our economy rolling again. If he does, no one in America can beat him. If he fails to turn the economy around, that horse that is a mayor in Colorado could beat him in 2012.
Its simple: If people are working (unemployment below 5 percent) and the economy has rebounded, he'll have a good chance at re-election. If unemployment remains high and taxes increase to offset the significant expansion of govt spending, then he will be a one term president.
The majority of America seems uneasy about the expensive left wing policies he's attempting to enact. However, I forsee a shift that will balance the congress more evenly in 2010. Obama won the election by courting the centrists, and he'll need to court them again, but this time, his actions may speak louder than his impressive words.
Middle Class? After 8 years of George W. Bush is there even such a thing as middle class anymore? Bush gave tax breaks to his millionaire buddies and helped plunge us into an economic disaster. I will vote third party if Obama raises taxes on the middle class or doesn’t offer a public option on health care.
probably...but a politician who doesnt keep his promise? why would people be surprised? unfortunately, Obama was handed this economic mess and it is just meat for his enemies...you gotta be an idiot if you believe that this problem was caused by him or that if a Republican had been elected, it would be fixed already.
No. If Obama ask me for money to help support healthcare for other, I would give it. Just as I gave to help him fund his election. Everyone knows that taxes are going to go up regardless of what a polititian says. As long as it is going for a good cause, President Obama can tax me. I really did not appreciate being taxed to fund a false war in Iraq.
Jack, right now is not a good thing to raise taxes
and most likely everyone would say no
Ask the same question again in 2 years once he is able to turn economy around, less unemployment, more jobs, etc.,
I would be okay to pay extra taxes then
The Republicans best chance of regaining power is for Obama to raise taxes.. The Democrats do that, they can forget about keeping their majority in Congress or the White House for that matter..The Democrats need to reform Health Care, but do w/out a public option.. It's just too expensive and we DON'T have the money to pay for it! My grandfather once told me "If you don't have the money in your checking account, you have no need in buying the item you want" Go w/out until you get the funds!
Well, I'd vote for him again... We need a pragmatic leader that asks of us what is required, whether its painful or not. Haven't we learned that you can't ask more of government without expecting to have to pay for it?
Never should we ever have believed this man when he spoke so eloquently about doing everything proper, and giving us all false hope that any of it was possible. If they continue to miscalculate our futures will any of us have a future at all? If they continue to want to save our children and grandchildren from having to pay for the sins of their presidential fathers (Bushes) I give up! I don't care, we need to fix things now and our children and grandchildren will step up and figure it out then won't they? I'm tired of hearing everyone use our kids as the "too dumb to do anything about it" excuses. Our smart kids and grandkids will be full of new ideas and ways to make money and reduce the deficit. We first must get health insurance under control and I feel that slipping away.
The middle class is already taking pay cuts and paying a higher cost of living. I think a tax increase will be a death sentence in the Obama Administration, This is not the change we need now.
He probably would but he needs to either cut spending or raise taxes and face the consequences. Keeping the staus quo will probably also cost him the election.
Jack'I really doubt that this one issue would cost him a second term,it's this plus all the other missteps,taking sides in the white cop, black professor dust up,appointing a tax cheat to be in charge of the IRS and what happened to transparency?This President has told more lies in six months than Bill Clinton and both Bushes did in twenty years and that's saying something when Bill Clinton is in the mix!
I would still vote for the president to be re-elected. If government is spending money on programs to help the American public, then they need to be paid for. Taxes get such a bad name. If we actually get healthcare reform, education reform, and energy reform, then citizens should pay a bit more in tax revenue. Look at California, they're in a dithc b/c of the pay for everything but don't raise taxes ideology.
Also, history has shown, and proven that G.H.W. Bush was in the right to raise taxes. Due to President Reagan's deficit soaring tax cuts, we America had record deficits, (at that time), and tax revenues needed to be raised.
Fortunately, President Clinton came into office raised taxes, and w/ the help of congress balanced the budeget.
It's amazing that people think that if you stop spending, but add no new revenues in to pay for a deficit, that the deficit will go away. You have to pay bills on debt, plain and simple.
Second term???... . America will not be able to withstand a year of Obama and his policies. Save American impeach Obama now
He doesn't have to raise taxes on the middle class.
The Dem Congress and The President will allow the sunsetting of the 2001 tax cuts to take effect next year.
I am no accountant but the child tax credit I believe is to be eliminated and many other of the cuts are scheduled to go back to they're pre 2001 levels next year without any action on by the Dems at all. Taxes will go up and most people won't even understand why.
Absolutely. It was the middle class independently that elected him and they are the one who will see he is not reelected. Actually the best question to ask – Are we better off today than when he began office. The answer would be a resounding no. The stimulus has not worked and despited everything he says the economy is worse. I don't need all his fancy economic indicators. The only one I'm interested in is "unemployment". Where are the jobs he promised?
If taxes are raised on the middle class there should be an uprising in this country. I, personally, am sick and tired of politicians, regardless of their party affiliation, sticking it to the middle class. This President promised to have a clue about how to help working people and raising taxes would be the antithesis of that.
We need to give the etch-a-sketch that is Washington a really good shake and start all over again. There will be no real change until that happens.
Obama has broken his word on so many things...why not this? I hope to high Heaven he hasn't got a prayer of getting reelected. American's, rich & poor, can't afford this man. It was obvious during his election that he was promising things he couldn't get passed, and he continued to promise, promise! He promised to help the elderly who live on sub-human social security benefits, and has he done one single thing for them. NO! And now he's messing with Medicare. I say get rid of him, the quicker the better.
Some tax increases will be needed and the rich can't afford it so the middle class with the stronger back bone will have to carry the weigh of a tax increase. While the middle class has the strength to carry the additional taxes they do not realize that when President Obama started making this "NO TAX PROMISE" the economy was not in the tank and when it did go there it was to late for him to pull back so he has been more or less locked into one term.
What saddens me is that Republicans will get back in office and go to the bottom of the tank and pull the plug and flush our country down the drain to finish us off.
The Republicans know it and are smiling , the blue dog democrats could stand with them, lets see if the other 40% hold a grudge. Because we the people don't have any say in the matter. The speaker of the house has the power too override his decision. We can vote him out. And with the people party loyalty seems to out weigh common sence.
Absolutely, as it should. People are tired of his and many other politicians' backpeddling. And while your on the subject, if taxes are raised, I see absolutely no reason why the middle class should not proportionately share in the burden along with the wealthy. Is this a socialist state?
No. President Obama will find an intelligent way to articulate his position. He has had the courage to step in and attempt to offer solutions in one of the most challenging economic periods in our history. The only Republican counter has been to criticize without offering any alternative. This cowardly strategy will ultimately cost the Republican Party another election in 2012.
I would have no problem with a FAIR FOR ALL across the board percentage tax hike if warranted. If rate increase showed a lopsided benefited the rich and major coroprations in any way I would then have difficulty.
I would be most likely to vote for a candidate who was honest with the American people about our country's difficulties and the possible need for unpopular and painful sacrifices (such as increased taxes) to ensure our children's future. This is what George W. Bush never did - much more serious than his father's "broken promise."
I'm sure a mid-income tax hike would cost him dearly, and that is too bad. Most people don't seem to realize that the GOP got us into this situation, and now President Obama will have to take the heat while he is cleaning up the mess he inherited. And somebody will have to pay for the expensive war that was put on credit for the past eight years. The party of NO will of course try to blame it all on the current administration.
Obama has already broken or scaled back on most of his campaign promises – – why should this one be any different. There is no chance he can avoid raising taxes on the middle class to fund his massive expansion of federal government. Watch for an effort to add a VAT (to the existing income tax structure)!
If politicians cannot be expected to tell the truth and be honest with their campaign promises then why bother to have a lengthy and expensive two year campaign cycle for each presidential election. Let's just flip a coin. This is worse for Obama because he came across as such a boy scout who was going to "change" Washington. People voted for him thinking he might actually be a new type of politician but in six months he has shown he is esactly like all the rest: promise whatever is necessary to get elected with no intention of following through.
The reason I did not vote for this extremely likeable man is that he is incapable of seeing the forest (of reality) for the trees (dreams of a government-funded Utopia). The middle class cannot afford anymore tax burden. He has given millions to Wall Street executives, bailed out banks, bought an automobile manufacturer, etc., etc. and now wants to fund a trillion dollar health initiative – and all on the tab of taxpayers like me. Not only will I not vote for him to have a second term, but I will actively campaign against it.
Of course not, Americans wanted change and they're going to get what they voted for. We're all in this together, and we should all pay together.
New York, NY
Obama is not George H Bush. He'll be re-elected.
I betcha Geithner and Summers got an earful from the president today for floating such an idea to the media. Obama had to come out and reassure the public that he will not break his campaign promise. He knows it would make him a one term president, and I don't think he wants to tax the middle class anyway. I believe Obama, but I'm sure he was irked to have been put in this position.
At first I said yes, but the more I think about it, I recall what challenges President Obama faced before he became president. He overcame obstables and made us believe that we the people are apart of the plan not just a select few. I trust he will do right by the American people.
President Obama told the American people that tough choices will have to be made. Why are we the people not willing to step up and do what needs to be done.
Yes, it will cost him. It cost H. Dubya re-election and it will for Obama. If this administration raises taxes, we can expect to see Hillary resign her post within about 48 hours of the announcement so she can gear up for 2012....and she'd win.
The President isn't going to raise taxes on the middle class. He knows they are suffering with Health Care Insurance or suffering even more if they don't have Health Care. It is strange to think United States in the only country who doesn't take care of their citizens with Health Care.
Okay, I answered this with another problem but I know our President has kept all of his promises that he talked about before he became President. The Insurance Companies would live to say or do anything now to stop Health Care for All.
Obama is not a one term president. The Democratic party will not take up another candidate in his place and if we elect a Republican, he/she will try to take on a whole new spending and military policy. Without some kind of stable policy agenda, nothing is for sure. We can't keep going from red to blue over and over when we need a strong leader, or leading group to execute what needs to be done.
If Obama raises taxes on the middle class he will be exposed for the liar that he is.
Obama is a Socialist that believes that only the government can properly make decisions and spend money.
Obama believes that you and I can't properly spend our money so he is planning for the government to raise taxes so that he can control all spending and allocation of assets.
He'll lose in 2012 if he raises taxes because it will be a great campaign point for the Republicans who will use it to show that Obama is a liar that can't be trusted.
Read my lips: "Yes." Everybody loves to get stuff for free. Raising taxes is only popular when others are paying. People whose taxes will eventually go up will turn on Mr. Obama.
And, we will have to raise taxes on everybody. If we taxed every penny paid to those making more that $250,000 per year, we would be just breaking even or still running a deficit if you add the new health care costs.
President Obama is already a one term president. Every week he needs Robert Gibbs to come before the public to put a spin on either something he said or something his staff said. The problem, is that the spin only makes the matter worse, case in point is today's latest and greatest; "We do have big structural deficits that are going to have to be dealt with in order to meet the president's commitment of cutting this deficit," Gibbs said. "I think what they both talked about was ... we're not going to be able to sustain any kind of economic recovery until we do have a path towards fiscal responsibility. They also said that shouldn't be done as a way of burdening middle-class families." Shouldn't "fiscal responsibility" start in Washington?
Six months in and we're already talking about the next election? Obama's trying to solve 8 years of bad policy and disaster, and all some people will give him is six months, particularly when there are economic signs everywhere that things are steadily, if slowly, improving? Do you remember what the Dow was in January? Man, maybe we really are a stupid nation. Why is anyone even acknowledging a party that gave George W. Bush ultimate power for so long?
Probably not. The rich people will always be rich unless they do something exceptionally stupid to lose their money. The poor will always be poor. What incentive is there for them to better themselves or to become rich? None, as long as they get their money in the mailbox. So now the middle class will be taxed which was always Obama's plan. The middle won't be able to climb the money ladder, rather they will be driven down to the level of the poor. When they become dependent on government handouts Obama will have created the voting base he has always dreamed of. Who would you vote for: someone who wants you to work for your own gain or someone who will give you existence at someone elses expense? I'll gladly pay you Tuesday for your vote today. The Obama principle.
When President Obama was campaigning for office, he, nor any one
had a clue as to how bad our economy was.
These are drastic times and drastic measure have to be taken for results.
But, Jack, my understanding is that anyone making less than $250 thousand would not see any tax increases. In my middle class mind, that number is alot higher than the majority of middle class Americans make.
Our main problem is the states, raising taxes, fees anything they can get their hands on due to their mismanagement and the economy.
In my opinion the American People have seen just about enough of this radical side show to sink any possibility of a second term. Raising Taxes will simply sink a ship that has already taken on too much water!
The party of Tax Cuts got us into this mess. All of a sudden they have discovered fiscal responsibility - too late for many voters.
The fiscal cost of preventing a depression is very high. When the recovery comes, it only makes sense that we all will have to pay for it. Biologists have yet to perfect the tree that grows money. If the voters won't respect that, then they will get back the dumbed down government that we recently kicked out.
Unless Obama moves very quickly to the middle, he'll be a lame duck.
Obama has let the left wing in congress run wild. It's still likely that come 2013 we still have a Dem. president, you may be able to guess what HER name is.
Oh Yes! I'm sure the tax code is plenty generous in some other areas than the middle class...have we forgotten that it is about time that the few that benefits the most starts sharing the debt load in proportion to their revenue and the resources used by them!
Yes it would and he knows this. This is why he is going to raise taxes after his election to a second term. Most of the programs purposed will not take effect till then anyways.
of course it will. this statement comes right after we heard that the Citi exec got a $100million bonus. After we, the middle-class tax-payers of America, bailed the company. Both, the statement that middle-class should be taxed even more AND the $100 million bonus are obscene in my view.
We can only hope. I was truly hoping for a centrist president, but it's been clear so far that we have extreme liberal politics. I'm not opposed to paying my fair share of taxes, but the government needs to get spending under control. We can't spend our way out of this situation. let's get back to some fiscal responsibility.
Hell yes it would, I never voted for him to begin with and all I have seen thus far from Obama are promises he cant keep....America is better off without politicans who believe they know the "best interest" of its citizens.
As a primary care physician and member of the middle class, I would happily accept higher taxes if it meant NEVER having to worry about losing my healthcare insurance regardless of my health status or ability to pay. If he can pull this off, he can raise my taxes.
It will make him a one-term president for me. That said, it should come as no surprise that a politician would break campaign promises, even if it is was one that certainly played heavily on him being elected. It's disappointing to think that he may be an even bigger "slick willie" than Bill Clinton.
I'm a strong supporter of President Obama, but if he reneged on this promise. He should and would be a one-term president. If its good for President George H.W. Bush to be voted out of office in 1992, it should be good enough for Obama. Although, I believe raising taxes on not just the middle clas is the best way to combat our deficit
I am a middle class retiree and would, gladly, pay increased taxes in exchange for universal health care. Unfortunately, such a move would provide so much red meat to the GOP that it would guarantee a one-term presidency.
Obama already broke one of his key campaign promises when he decided it'd be ok to use a "mandate" to punish working poor Americans such as myself who fall through the cracks and can't afford health insurance. That right there was the main reason I voted for him over Clinton.
As far as I'm concerned, Obama has already betrayed his most important campaign pledge. To answer your question, Jack, only one thing at this point will determine if he wins a second term: Will Sarah Palin be the one running against him in 2012?
It all depends, Jack, on how the economy is doing. if it continues on the pward swing, the voters will not mine (much). Ifit is still bad, then the voters will not vote Obama into office.
President Obama raising taxes on the middle class would indeed make him a one term president. And if he does it any time soon, he'll be a very unpopular and unproductive president because you guys (the media) will punish him mercilessly for it, effectively crippling him. I hope it doesn't happen, because I still love the guy.
I thought when I voted for Obama that he was going to make a big turn around to drop the deficit and get the country moving again. I was wrong. The Democrats have had a chance to make big changes for the better but with the Pelose-Reid leadership it is going nowhere. This Congress has been no better than the years with Bush. The only thing they have accomplished is to make sure they are covered in salary and benefits and the heck with everyone else.
I don't think he would. That's the kiss of death for any politician. They just can't raise taxes.
I think something has to eventually give, however. Americans just can't keep expecting the strongest military in the world, maintaining our roads and highways in the proper condition, good public education and all sorts of top-notch services on low taxes.
Only if he uses the money to bail out more of the “banksters” on Wall Street. I think we've had about all we can take of that nonsense.
The middle class tax, the lower incomer's tax (hidden in electric and gas bills, hamburgers and soda pop) and the upper incomers who are being walking to the gauntlet, along with the Health Care bill, the "clunkers" hilarious plan, etc., etc, are peeling off the Messiah's mask real, real fast.
I admit that raising taxes on the middle class would probably doom his presidency, but it is only another nail in the coffin. I voted for Obama because of his idealism, his insistence that Washington needed to change. Unfortunately, to date, it is Obama who has changed, accommodating to the way Washington does business. At present Obama's biggest enemy is the Democratic Congress, they refuse to follow their leader and continue business as usual. My representative is a democrat and I would choose to replace him before I would replace President Obama.
Jack–this whole flap is media driven nonsense! The talking heads take a tiny fragment of a converation and then try to drive it into a controversial issue so they will have something to talk about the next week! To date, Obama hasn't raised anyone's taxes–and he has always set the marker at 250K up........
OBAMA IS A SOCIALIST. I understand why people voted for him because they were scared and mccain didnt step up until too late. In addition peiople wanted anything but Bush.. Even though he saved our country from being attacked again. His presidency changed after we got attacked on our soil.
This guy obama is the scariest thing I have ever seen. Where are we getting money for all these programs? Of course he will have to tax the middle class.
Probably but I don't think he actually cares. He wants to shove through what he wants and he wants to do it in one term. If he raises taxes to give benefits to illegals then there is going to be hell to pay. Americans are getting sick of it.
No!! It definitely shouldn't. We have it soo Messed up. Republicans, Bush can do so much harm to our country with all their selfishness and get re-elected. But then we get a Democrat, Obama who does tons of good for all of America and across the world and we want to quickly lynch them.
We need to support and protect those who try so hard to do good.
You said it yourself. There are two ways to pay for these crtitical programs, cut spending or raise taxes. The Obama administration has already identified millions in spending cuts. Let's see how that goes before we label Obama a one term president.
tax hike not whether but when the deficit must be brought under control only one answer broad based tax increase
I think he should not raise taxes for the middle class, and he will not. I donn't think he cares for the 2nd term, hwether or not he cares for, he should be up on tax hike for rich, as anyway, they never voted for him, not they will in the 2nd term either.
Yes he will be reelected unless we are idiots that don't realize the same situatiion did not exist when the no middle class tax promise was made. If we want to save America, we are all going to have to pitch-in and gladly!
I think Obama and his team are skilled enough to convince the American people that taxes might be the way forward and would not jeopardize reelection. As a middle class citizen, I'm willing to accept a small tax increase. I consider it a donation to support a healthier future.
Raising taxes to the middle class may cost his 2nd term chances of being elected. But he has to do what he has to do at this time. Getting elected later is less important to him and America. Let him try to fix the mess that he inherrited from the previous government. May be he did not realize the math, but understands now. Americans can forgive if he fixes the mess such as many Americans donot have job.
If he gets re-elected he will raise taxes. However, just as Bush was the democrats' best friend, it appears that Obama will singlehandedly deliver the house to Republicans in 2010. Keep up the hard work comrade. Socialist paradise is merely a few more spending bills and a few more taxes away!
It depends upon President Obama's definition of "middle class".
If it includes households earning less than $80,000 annually, then he
would be in for an uphill struggle in 2012. If however there were a small tax increase on upper middle class and those earning $200,000 and more, which resulted in improving the economy by 2011, less dependence upon foreign loans, improving the standard of living for the true middle class, while lowering our deficit, then Obama's economic
plan would be considered a success.
It kind of looks like he is a one term president already. I think this is the final nail.
Probably, like some commentators, Americans do not recall that the promises were made before anyone realized what a series of ivy league economists had seriously damaged the economy. If you promised to take the kids to Disney World and you lost your job would you be stupid and irresponsible enough to take them?
Going against his word by raising taxes on the middle class is one sure way to make him a one term President. Another way would be pushing through a rushed Health Care bill that negatively effects my family's care. He says one thing- The "public option" is not a Trojan Horse for a single payer system while Barney Frank promises that a public option is the best way for us to get a single payer system. Somebody is telling the truth and somebody isn't. If he's being dishonest again and we end up with Government Health Care, you can bet he'll be out for that too.
The problem with the country is not the leaders, its the people they represent. Yes, we are in recession, but we cannot blame everything on the Administration. The public needs to start realizing that if they want the government to provide services, they must be willing to pay for them. Remember, there's no such thing as a free lunch. It took America 8 years to realize this and look where we are – $10+ trillion in debt.
He should be one term anyway. His eagerness to do 100 things at once, which none are pleasing anyone, isn;t going to fly. I think he is rushing everything before we catch on. America is too smart for that. For the people that think Palin is the only Repiublican candidate that may run in 2012, don;t forget Romney. He could win right now I'm afraid.
President Obama in my opinion would probably be committing political suicide for himself and for every Democrat running for Congress in 2010 if he breaks his word to not raise taxes on people who make less than $250,000 a year. 2010 in my opinion will be another 1994 for Democrats in Congress if Obama does this!
Hopefully there will be enough votes in Congress to stop President Obama if he asks for legislation to tax people who make less than $250,000 a year.
If President Obama raises taxes on people who make less than $250,000 a year, then I really hope that he gets a strong primary challenger in 2012 like how Ted Kennedy was to Jimmy Carter in 1980!
In a normal democratic nation if a leader brakes his promises you get ride of that person. But this is the US, were if our leader lies to us, "last 8 years" we will just elect him again.
Read my lips... "No taxes on the Middle Class." Guess Obama didn't remember what happened to a predecessor. I voted for him this time, if my taxes go up one thin dime, not the next time.
Exactly when is he going to reinstate taxes on the rich? This should of been done on day 1 of his term. Why even discuss taxes on the middle class when the rich are still paying less? This is what you should be talking about Jack.
Hey Jack! Did everyone forget about the tax on Tobacco, Alcohol, and Soft drinks that was to pay for the uninsured children?? I don't begrudge this, but who do you think is paying the taxes?? Not just the rich!
Unfortunately, it may. It never ceases to amaze me how often politicians still make blind promises on issues they really can't control. Having said that, opponents of Obama would love to make hay of higher taxes whatever the reason(s) may be. Personally, I would rather see a higher tax paid by all taxpayers instead of the nickel and diming gimicks used to raise fees here and there to increase revenues. If we want improved health care, emergency service, unemployment compensation, medicare, etc. we're going to have to pay for it one way or another. These have always been facts of life in this world.
It would most certainly cost him a second term, and it would be economically erroneous to raise them so soon. Geithner and Summers are absolutely right in saying they can't rule out a tax hike out in order to slash the deficit, but such a hike shouldn't be implemented until we see a significant economic recovery, which I doubt will happen within the first term. Right now the focus is on increasing consumer confidence and spending, stabilizing the job market, loosening the flow of credit, etc. However, in the long haul, a tax increase will be necessary in order to lessen our enormous debt, and it'll be a reality, whether it's implemented by Obama during his second term or by his successor.
I realize that Pres. Obama is only in office 100 days, so it is difficult to know that far in the future. However, this administration is moving at "lightening" speed with everything! This is a big concern to me. But, it seems this will divide this country even more. I am a Democrat. I strongly feel that breaking a promise so early in his administration, will create more division and certainly does create "change", but do we want a complete upheaval?
If the economy, particularly unemployment, shows good improvement Obama should be able to count on a second term. We thought our economy was healthy when he made his no tax increase pledge. We have to pay off these stimulus investments, along with health care. If we think this will happen through government cost cutting we're truly a foolish citizenry.
When the Bush tax decrease expires it'll reach well under $75k. CapNTrade will reach well under $50k., sin taxes, use fees..their walking like a duck.. Question is when will you have the courage to report it like a duck.
I sure hope it makes him a one-term president. I expect taxes to be raised–who else is going to pay all the debt he is piling up on our country. I'm not saying he wasn't handed a mess but he and Congress have done nothing but made things worse. We have a huge debt to pay and, call it taxes, fees, surcharges, whatever–the American people got the bill.
It all depends on how well the country is on course with economic recovery. If the economy pulls up very well and once again the country sees the "happy days", it won't effect his second term. He should be forthright with the public and tell them the honest truth about economy which I think he is doing many times at his townhall meetings and other forms of communication with the public.
Raising taxes on the middle class would torpedo any chance for him to get reelected. He is hovering barely over 50% approval now. Imagine what that would turn into if he raises taxes.
He has already turned away from several campaign promises, so this wouldn't exactly be the first time.
More likely scenario is he will raise them in his 2nd term (if he gets re-elected) because he doesn't have as much to lose. And then we can really see some good liberal tax and spend programs get established.
Raising taxes is not a bad thing. Fair taxing will make this country stronger. Please don"t embarass this administration by comparing them with the hw bush administration. Jack, you should know better.
Jack there are very few certainties in life. One certainty is politicians lie. Further they double lie to become President. As you mentioned, George H. lied with "read my lips." He knew better the minute he said it. Clinton lied about Monica WhatsherName. He knew better as well. . GW Bush SUPER lied about EVERYTHING after 9/eleven. So the real question is,… why do they continue to lie,…. not will it cost Obama the election. What difference does it make? Once they are President they are indeed President. Even if it is only for 30 days after catching a cold. It is sad that American voters continue to act "stupidly" enough to vote for these liars. I would like to see a polygraph permanently stapled to the forehead of each politician.
I doubt he will raise taxes on anyone making less that 200 grand. There is enough revenue to be raised taxing the highest incomes to pay for everything. Just cut out all the tax breaks that those of us who already pay the bulk of taxes (mid class) can't afford, raise the highest income tax bracket or go after all that off shore money and tax it with penalties. No need to raise taxes on all us working stiffs
No matter I wouldn't vote for any repub for dog catcher. Those are the liars and thieves.
Raising taxes during a recession is counter productive to the economy. I will admit that some of the spending is necessary but, much of it is just reckless spending during hard times. So, if he raises taxes it will be to pay for all the excess. It will hurt the recovery when he does it and that will hurt him. The latest poll says that 19% of us think we have a poor health care system that needs to be overhauled. These 2 things combined will be the resurrection of the Republican Party.
I don't think he will raise the taxes unless he absolutely is pushed into it. Everything he does is scrutinized to the last degree. I don't remember Bush nor his Dad being evaluated on their first 100 , then second 100 days. This President has tried to keep all of his promises while being dragged into a new foreign policy situation. Give him a break.I
Obama does already have a fight on his hands for the 2012 election. He has already changed his views from his campaign pledges a couple of times and he is having a hard time getting votes in a democratic congress. However, if he does raise taxes or he is forced by a 2010 republican congress to raise taxes (as Bush 41 was by a democratic congress), it will all depend on 2011 and how everyone is doing economically. I personally think he needs to slow down a bit and move a little to the middle to get what he wants done. Otherwise he is guaranteeing a tough fight in 2012 and just hope the republicans don’t gain too much momentum from their 2010 wins.
I can't believe we are even having this conversation. He said he won't and he WON'T. He will on the very rich, but not on the middle class.
If someone asks would you raise taxes on the middle class, and someone smartly resonds "you should never say never". Does it mean automatically that it is going to happen? Give me a break, I'm an independent, and I never saw what the Republicans have done when they were in power except send us to the Abyss... and now they do not have an alternate idea, not one Jack!! Pathetic.
Rayna of Mclean.....
Jack, the answer is yes. It's time for President Obama to prioritize his fiscal agenda. If he wants health care reform, then he needs to be willing to forgo something else to get it. Raising taxes to the middle class will be the end of his Presidency, period.
No. The power of propaghanda in this country is overwhelming. Our government is perfectly capable of dicing up a plate of crap and serving it to us with smiles on both sides.
I don't think so. If we remember who got us into this deep hole, we won't blame President Obama for doing his best to get us out. He is very busy trying to keep his words to the voters. He reminded us that change was not going to come overnight; that it took eight years for the former administration to create the financial woes and it will be years before we are out of it. In the meantime, I think he will keep on trying and the process will be slow. As long as we can see some meaningful progress within four years, I think he will be re-elected. That is when I will grade him. It is wishful thinking but I wish all of America will be more reasonable/helpful and encouraging rather than so fault-finding,
We should have raised taxes 8 years ago to pay for the 900 billion dollars in war spending. That would have really reduced the national debt. We may need to raise taxes now to close the deficit caused by our collective neglect and greed as citizens for not paying as we go.
It probably would, but any President who raises taxes instantly becomes an "enemy" for many people. Those people of course are the ones who want the rich to pay for everything, while they (non-upper class) reap the free rewards once again.
Quite frankly, as a middle-class citizen myself, I'd rather pay a little more in taxes, with the rich, and help take the responsibility that my class needs to take for our contributions to the collapse. What class bought the houses they couldn't afford? What class runs debt up on their credit cards? Us......
President Bush lost to Clinton because the conservative wing of his own party basically abandoned him after he raised taxes - which, ironically, was a responsible and principled act that helped reduce the federal deficit. Bush the First presided over an economy that remained moribund while he was campaigning and that combined with his own party's sabotage killed him against Clinton. If Obama does have to raise taxes and the economy improves because of it, he should have no problem winning a second term. Four years isn't long enough to wipe out the memory of the horrid hash Bush-Cheney and the GOP congress made of the economy.
He has no choice but to raise taxes. Where is the money coming from? Also, ahy do we keep bring up the Bush administration. Isn't that over with? Isn't there a new command-in-chief now?
So if BHO explains why he needs to increase taxes, does that make it ok? Wouldn't that mean that he lied? Wasn't he the one who said that if the stimulus package was passed, unemployment would not go past 8%? I guess he was right about that. Unemployment did not go past 8%, it flew past it.
Look, those who love Obama will continue to do so blindly. I just want to see how many will continue to follow him when it starts costing them money.
Short of Pres. Obama declaring world war,I will vote for him again.Their are those ,however who will criticize everything he does to justify the real reason they will not vote for him ,because he's black. And by the way,I'm a 46 white guy who voted for him and is satisfied with the job he has done .
We had a similair situation in Ontario Canada. Tthe premier (like a state governor)was elected on a promise of no new ". Shortly after he took office he realized that the total intake of funds were insufficient. Sound familiar? He initiated a "premium" on health care but the funds flow into the general coffers. They were not a tax but they are on the tax form. Go figure! Once a policion always a polician! By the way he got re-elected.
No. The power of propaghanda in this country is overwhelming. Our government is perfectly capable of dicing up a plate of crap and serving it to us with smiles on both sides.
We, yes ALL OF US, allowed our nation to be bankrupt over the past eight years. Two wars paid for with a credit card.. BANK OF CHINA, and tax cuts for the rich. The right cries out about fiscal responsability and this is what they put on our door step. In comes Obama. Three months later people are protesting the tax raises on the rich. Crying socialism. Bush gave away billions in tax cuts, bank bailouts, and to fight a war in Iraq. Obama passes a stimulus package to be spent here and people are pissed? This is not an issue with a re election. WE THE PEOPLE fell asleep in 2001 and let this happen. We as a nation have ADD. If doing to right think will cost a person their job, do the right thing. If raising my taxes will fix the econmy. Raise them. The "Fiscally responsible" republicans are crying out "don't raise my taxes" Who do they think is going to pay for all this?
Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV.
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