Remember back during the presidential campaign, BHO promised that if elected, he wouldn't raise taxes on Americans making less than $250,000? Never mind that the new federal tobacco taxes hit the lower and middle class hardest. Now, Congressional Democrats themselves are about to make a liar out of 0bama directly, saying of his 250k cap, Not So Fast.
The majority party on Capitol Hill does not feel bound by that pledge, saying the threshold for tax hikes will depend on several factors, such as the revenue differences between setting the threshold at $200,000 and setting it at $250,000.
“You could go lower, too — why not $200,000?” said Sen. Dianne Feinstein (D-Calif.). “With the debt and deficit we have, you can’t make promises to people. This is a very serious situation.”
Sen. Byron Dorgan (N.D.), chairman of the Senate Democratic Policy Committee, concurred, saying, “I don’t think there’s any magic in the number, whether it’s $250,000, $200,000 or $225,000.
“I’m not hard and fast on $250,000,” said Sen. Tom Harkin (D-Iowa). “Quite frankly, it could be somewhat lower than that. $250,000 — is that the top 1 percent of Americans, or half a percent? I mean, come on!”
Household income data compiled by the Census Bureau in 2008 shows that families earning over $250,000 fall into the top 2 percent.
House Majority Leader Steny Hoyer (D-Md.) hinted in a speech Tuesday that House Democrats do not consider family incomes of $250,000 an inviolable threshold, despite Obama’s pledge.
Isn't that just special? And if congress does set the limit lower than $250k (and I suspect we'll see it go much lower, well bewlow even 200), what are the odds that The One will oppose them beyond mere lip service? Not that I am a bit surprised -- I knew when he said it that he was speaking through his teeth.
Rome is burning, and the Dems keep tuning up their instruments.