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Obama’s September Surprise: Taxes

by YankeeJim | September 18, 2011 at 06:03 pm

59 views | 4 Recommendations | 2 comments

Who said no drama?

Don’t be too alarmed. It is a balanced approach. Let’s see how economists evaluate the mix. If the $1.5 billion is going to be exacted from the wealthy, the bankers, and corporations that robbed the treasury in the past, then so be it.

America must balance its finances and pay its bills. Now is cheaper than later. If Obama can explain this and if economists declare it viable, what may first appear to be a disaster could very well put Republicans asunder.

On the other hand, if it is too hard to explain and no one backs it but Obama, Michelle, girls, start packing.

“News Alert: Obama to propose $1.5 trillion in new taxes
September 18, 2011 9:30:08 PM

President Obama's plan to tame the nation’s rocketing federal debt by finding at least $3 trillion in new savings, to be released Monday, includes $1.5 trillion in new taxes, according to a person familiar with the matter.

Combined with his call earlier this month for $450 billion in new stimulus, the proposal represents a more populist approach to confronting the nation’s economic travails than the compromises he advocated this summer.

http://link.email.washingtonpost.com/...KPQM/ZH/h”