“We’re going to do what’s necessary.” (ABC News)

"There is a lot that can happen over time…it is never a good idea to absolutely rule things out, no matter what." (CBS News)


That’s Treasury Secretary Timothy Geithner on ABC’s “This Week” and National Economic Council Chairman Larry Summers on CBS’s “Face the Nation” – neither one seeming to deny that a tax hike could be in America’s future.

But, wait, didn’t President Obama make a campaign promise that there’d be no new taxes for people making under $250,000 a year?

“No new taxes…” --Barack Obama, U.S. President

We’re taking a look at different American media perspectives on the possibility of new taxes and how damaging a reversal could be to Obama.

First, CNN’s Ed Henry suggests that floating the idea of a tax increase on Sunday news shows was done purposefully.

“If it had just been one of them, it could have been a mistake, could have been a gaffe, but for two top moneymen to leave the door that wide open suggests it is a trial balloon.”

This must be some kind of a record for a Presidential U-turn writes a blogger on HotAir.com.

“…how many presidents in U.S. history have needed to start backtracking on one of their chief campaign promises within their first six months in office? Even Dubya didn’t reverse himself on nation-building until eight months in, and in that case his hand was forced by 9/11.”

From Joe Scarborough’s perspective, a tax hike is not good news for Democrats.

“If there is a middle-class tax increase that’s going to really be damaging to Democrats running in 2010. You can debate the economics of it all day long and we could, but just politically they’re piling too much on top of these Democratic candidates right now to take the moderate states.”

Talking to FOX News’ Geraldo Rivera, Democratic analyst Kirsten Powers says Obama can stand on firm ground when justifying new taxes.

“If infact he does end up having to raise taxes on the middle class I think people are going to be very upset obviously but what I think he will say is I didn’t anticipate things being so bad. I didn’t anticipate inheriting the worst economy since the Great Depression. I mean that will the be the way that he tries to get out of it.”

So, do you think President Obama will keep his campaign promise that there will be no middle-class tax increase? Or, do you think one is coming anyway?

To Tax or Not to Tax

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Aug 3, 2009

To Tax or Not to Tax

“We’re going to do what’s necessary.” (ABC News)

"There is a lot that can happen over time…it is never a good idea to absolutely rule things out, no matter what." (CBS News)


That’s Treasury Secretary Timothy Geithner on ABC’s “This Week” and National Economic Council Chairman Larry Summers on CBS’s “Face the Nation” – neither one seeming to deny that a tax hike could be in America’s future.

But, wait, didn’t President Obama make a campaign promise that there’d be no new taxes for people making under $250,000 a year?

“No new taxes…” --Barack Obama, U.S. President

We’re taking a look at different American media perspectives on the possibility of new taxes and how damaging a reversal could be to Obama.

First, CNN’s Ed Henry suggests that floating the idea of a tax increase on Sunday news shows was done purposefully.

“If it had just been one of them, it could have been a mistake, could have been a gaffe, but for two top moneymen to leave the door that wide open suggests it is a trial balloon.”

This must be some kind of a record for a Presidential U-turn writes a blogger on HotAir.com.

“…how many presidents in U.S. history have needed to start backtracking on one of their chief campaign promises within their first six months in office? Even Dubya didn’t reverse himself on nation-building until eight months in, and in that case his hand was forced by 9/11.”

From Joe Scarborough’s perspective, a tax hike is not good news for Democrats.

“If there is a middle-class tax increase that’s going to really be damaging to Democrats running in 2010. You can debate the economics of it all day long and we could, but just politically they’re piling too much on top of these Democratic candidates right now to take the moderate states.”

Talking to FOX News’ Geraldo Rivera, Democratic analyst Kirsten Powers says Obama can stand on firm ground when justifying new taxes.

“If infact he does end up having to raise taxes on the middle class I think people are going to be very upset obviously but what I think he will say is I didn’t anticipate things being so bad. I didn’t anticipate inheriting the worst economy since the Great Depression. I mean that will the be the way that he tries to get out of it.”

So, do you think President Obama will keep his campaign promise that there will be no middle-class tax increase? Or, do you think one is coming anyway?

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