Obama Faces the Worst of Both Worlds on Taxes - The American Spectator | USA News and Politics
Obama Faces the Worst of Both Worlds on Taxes

Jim is right that raising taxes is generally politically riskier than not raising them, but President Obama faces a unique problem on this front. Even if Obama signs a temporary extension of the Bush-era tax rates, he still will have raised taxes by hundreds of billions of dollars to finance the national health care law, and many of those tax hikes will hit those with incomes under $250,000. That will give the GOP plenty of ammo to portray him as a tax hiker. So in a sense, Obama is facing the worst of both worlds. Liberals will see him as violating his pledge to let the Bush tax cuts lapse on higher incomes, while Republicans will still be able to run against him for violating his pledge not to raise taxes on the middle class.

UPDATE: Also, I’d add that he can’t exactly run on the fact that he extended the Bush tax cuts while if he’s also going to be telling liberal audiences that he’ll really let them expire if they reelect him.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation