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Obama fiscal proposal 'classic bait and switch'

Posted By -NO AUTHOR- On 12/02/2012 @ 1:06 pm In Money,Politics,U.S. | No Comments

(THE HILL) — The top-ranking Republican on the Senate Finance Committee accused President Obama of pulling a “bait and switch” this week with the administration’s proposed deal to avert the so-called “fiscal cliff.”

“What [Obama] proposed this week was a classic bait and switch on the American people—a tax increase double the size of what he campaigned on, billions of dollars in new stimulus spending and an unlimited, unchecked authority to borrow from the Chinese,” Sen. Orrin Hatch (R-Utah) said in Saturday’s weekly GOP address.

“Maybe I missed it but I don’t recall him asking for any of that during the presidential campaign. These ideas are so radical that they have already been rejected on a bipartisan basis by Congress.”


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