Correction: The article below reported Speaker John Boehner’s remarks based on a CNBC report that took his quote out of context. He was referring explicitly to tax revenues, not tax rates, in his remarks.
The day after Obama’s spend, spend, spend, and tax, tax, tax, policies garnered him a second term in the White House, House Speaker John Boehner (R-OH) offered the president a way to save the economy which included raising taxes revenues [see correction above] “under the right conditions.”
With all due respect to Speaker Boehner, when in the hell are the right conditions to raise taxes?
Our economy is not simply on its last leg but its last knee. We are down, and headed toward down and out if the president continues along the path he’s been on for four years. How in the world can taking even more money out of the America peoples’ paychecks help this situation?
Any additional increase in taxes will make the already high gas prices, the looming end of the Bush tax cuts, and the $2600 more a year middle class families are paying for healthcare under Obama unbearable.
Tax hikes could truly spell the end of middle class upward mobility.
For those of you who’ve come of political age under Obama, the phrase “middle class upward mobility” speaks to the fluid nature of capitalism, and the way a family that is middle class today might save and invest wisely or open a business, and rise from the middle class to the upper class tomorrow.
Such mobility has been largely absent under Obama, and it could be lost for a number of future generations if the Republicans in the House try to play nice and give Obama everything for which he asks.
If Congress wants to do something for the people, cut spending and cut taxes. As the government’s take and obligations shrink, the people’s purses will grow and money will flow through our economy again.