Backing Off the Tax Pledge?
White House Budget Director Peter Orszag, grilled about Obama’s pledge not to raise middle-class taxes, left the president wiggle room. Lloyd Grove reports.
(By Lloyd Grove; The Daily Beast) - Remember President Obama’s supposedly inviolable pledge—repeatedly uttered during the 2008 campaign and at countless town meetings since the inauguration—that he would never raise taxes on middle-class citizens who earn $250,000 a year or less?
This morning at a Manhattan breakfast sponsored by Thomson Reuters, White House Budget Director Peter Orszag threw that pledge out the window. Instead, he described Obama’s “read my lips, no new taxes” pledge as a “stance” and a “preference” that is subject to study by the president’s newly formed bipartisan Commission on Fiscal Responsibility.
“The president has been very clear about what he prefers,” Orszag said under questioning from Thomson Reuters’ Chrystia Freeland. “That was his stance during the campaign, and he still believes that’s the right course forward. But he has also been very clear that we shall let the commission go do its work.”
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(By Lloyd Grove; The Daily Beast) - Remember President Obama’s supposedly inviolable pledge—repeatedly uttered during the 2008 campaign and at countless town meetings since the inauguration—that he would never raise taxes on middle-class citizens who earn $250,000 a year or less?
This morning at a Manhattan breakfast sponsored by Thomson Reuters, White House Budget Director Peter Orszag threw that pledge out the window. Instead, he described Obama’s “read my lips, no new taxes” pledge as a “stance” and a “preference” that is subject to study by the president’s newly formed bipartisan Commission on Fiscal Responsibility.
“The president has been very clear about what he prefers,” Orszag said under questioning from Thomson Reuters’ Chrystia Freeland. “That was his stance during the campaign, and he still believes that’s the right course forward. But he has also been very clear that we shall let the commission go do its work.”
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posted by BP News Bureau | 3:12 PM
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