Matt Miller lets the cat out of the bag: there will be broad-based tax increases. Not just higher taxes on the “rich.” Not just higher cigarette taxes. Taxes will go up across the board even if Congress kills cap and trade. The logic of Obama’s economic plans, not to mention simple arithmetic, makes this inevitable. Obama may wait until the economy improves. He may wait until he is safely reelected. But the debt level is unsustainable and the only way to afford this much spending is through higher taxes.
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