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Middle-Class Tax Cuts Could Disappear. Again.

By Ernest Istook

Campaign promises often wilt after the election. Tax-cut promises are a frequent casualty.

By backtracking on tax-cut pledges even before the election, Barack Obama threatens to break Bill Clinton’s speed record. It wasn’t until a week before his first inauguration that Clinton openly reneged on his promise to cut taxes for the middle class.

There’s another similarity. Candidate Clinton and Candidate Obama both promised to raise taxes, too, but only on “the wealthy.” And both proceeded to widen the definition of “wealthy” to encompass more and more taxpayers.

During his campaign, Clinton said, “The only people who will pay more income taxes are the wealthiest 2 percent, those living in households making over $200,000 a year.” After the election, he proceeded to raise taxes across-the-board.

Less than a month into his presidency, the Washington Post headlined, “Clinton Asks Middle Class to Pay Higher Taxes; President Issues `Call to Arms’ To Restore Economic Vitality.” After Clinton’s Jan. 14, 1993, news conference, the Post wrote that Clinton “complained that it was only the press, not voters, who considered that issue [tax cuts] important.” Read more…

Monday, November 3rd, 2008 Ernest Istook Trackback URL for this entry

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