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Is Obama getting us ready for a tax increase?

Bush Sr. swore he would not raise taxes and then he did and Bill Clinton said he would not raise taxes and then he did...is Obama the next to raise taxes? Many economists have stated the only way to fix the deficit would be through tax hikes on the middle class...is it time?

http://finance.yahoo.com/news/Obama-urges-bipartis...

9 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    They will be writing books about the amount, the lies used to hide their existence, and the peoples complacency to accept them. The tea party will be recognized as insightful. Liberals will call them racists.

  • ?
    Lv 4
    5 years ago

    i think of the great prosperous and the great firms that have been planing on construction new factories in China merely isn't waiting as they have been based on the extensive tax cuts that Bush gave them. The great prosperous might could pick a smaller yacht. the middle type will in all probability journey greater effective scientific care with much less price which will off set a reasonable tax strengthen if any.

  • 1 decade ago

    Yes it is in the works, we will have an income tax increase, a VAT, a health care tax and an increase in SS

  • Happy
    Lv 7
    1 decade ago

    ... The Bush tax cuts will be allowed to expire for those making over $250K a year. Obama really ought to repeal the Reagan tax cuts. That would bring our debt to zero.

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  • Anonymous
    1 decade ago

    Anyone who thinks their taxes are not going up is a bird brain.

  • 1 decade ago

    Tim Geitner's "We need to make TUFF CHOICES" is CODE WORD for we are going to raise your taxes.

  • 1 decade ago

    No. But even if he does, what are going to do about it, Neocon other tan whine?

  • 1 decade ago

    You betcha!

  • Anonymous
    1 decade ago

    I think so, just a matter of time.

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