If ABC News is reporting that Obama will break his campaign promise of no new taxes, this message will soon reach the independents who are on the fence about healthcare reform. And if he soaks the so-called wealthy with higher taxes to the point where they are no longer wealthy, they will kill the goose and not get any more golden eggs. Did you ever get a job from a poor person? Of course not, which is the reason the already too high unemployment rate will continue to rise. Elections have consequences.
As a presidential candidate, Barack Obama had one central message to middle-income Americans: no new taxes. And since taking office, the president has repeatedly pledged not to raise taxes on families making less than $250,000 a year.
But as a massive health care reform bill inches closer to reality, middle-class Americans, as well as high income earners, can expect some sort of increase in what they pay into government coffers, say Republican critics and some fiscal watch dog groups.
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