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Cliff deal only whets Obama's appetite for more taxes
Posted By -NO AUTHOR- On 01/03/2013 @ 11:29 pm In Money,Politics | No Comments
(Investor’s Business Daily) Anyone who thinks the fiscal cliff deal will end President Obama’s soak-the-rich campaign isn’t paying attention. Even before the ink had dried on his $620 billion tax hike, Obama was talking up his desire for more.
Obama hinted at this on Sunday on “Meet the Press,” when he told David Gregory that “you are not only going to cut your way to prosperity” and that “one of the fallacies” was that “deficit reduction is only a matter of cutting programs.”
But as the fiscal cliff agreement looked increasingly likely, Obama started talking more specifically about additional tax hikes. On Monday, he told a White House rally that “revenues have to be part of the equation in turning off the sequester.”
Translation: If Republicans want to prevent devastating defense cuts from automatically kicking in two months from now, they’ll have to choke down another round of tax hikes.
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