Obama acknowledging that he is willing to break campaign tax promise

Obama has already tried to break this promise many times, such as in the health takeover bill. From the NY Daily News:

President Obama says he is now "agnostic" about raising taxes on households making under $250,000 a year to help cut budget deficits, signaling a possible retreat from a campaign pledge.

In an interview with Bloomberg BusinessWeek on newsstands Friday, Obama said a presidential budget commission needs to look at all options for deficit reduction - including tax increases and cuts in spending on such programs as Social Security and Medicare.

"The whole point of it is to make sure that all ideas are on the table," Obama said. "So what I want to do is to be completely agnostic, in terms of solutions."

Obama repeatedly vowed during the 2008 campaign to spare households earning less than $250,000 a year from tax increases.

When top economic officials last August suggested going back on the pledge, White House press secretary Robert Gibbs quickly reiterated the promise. . . .

Labels: , ,


OpenID Adam Smith said...

The "No taxes for those making less than $250k" promise he broke two weeks after inauguration when he signed a 127% increase of the federal cigarette tax. Obama is the only guy in the nation who smokes and makes more than $250k. Is there a single campaign promise that Obama has not broken yet? I really wonder at this point.

2/11/2010 6:05 PM  

Post a Comment

Links to this post:

Create a Link

<< Home