“The president has never gotten over his obsession with taxing people who make $250,000”
Here in New York, we all know that families with a combined income of $250,000 are really middle class; they certainly don’t live like the president’s favorite billionaire, limousine liberal Warren Buffett, and when they get done paying for the area’s higher cost of living, not to mention school tuition, etc., they’re barely saving enough for retirement…
Bottom line: The president has never gotten over his obsession with taxing people who make $250,000, except for a brief period in 2010, when the Republicans won the House and picked up seats in the Senate.
His 50.96 percent popular-vote victory over Mitt Romney in the recent presidential election (albeit much more pronounced in the Electoral College) has emboldened him to back his original thesis on tax fairness. Sure, he offered his Republican counterpart, namely House Speaker John Boehner, a “deal” to start tax increases at $400,000, but it was an unserious offer; he offered not a single specified spending cut, aside from some cost-of-living adjustments in Social Security, and certainly not enough for Boehner to sell to his skeptical colleagues who wouldn’t even consider starting the tax hikes at $1 million in income without some real spending reductions.