Barack Obama handily won reelection on a promise to raise taxes on people making more than $250,000/year. And now the Speaker of the House has conceded it will happen.
"We have got to cut spending and I believe it is appropriate to put revenues on the table," Boehner told reporters on Wednesday. "Now, the revenues that we are putting on the table are going to come from guess who? The rich."
I'm one who supports all tax rates going back to Clinton rates. I have no problems seeing my taxes go up in a time of desperate fiscal calamity. An increase on the 2% of Americans who make a rather lofty sum is also fine with me. But we also need spending cuts. So that's the next round of debate between the two parties. What to cut, where to cut and how much.
The public, however, overwhelmingly sides with the president on the issues of increasing taxes. One of the latest polls specifically focusing on increasing taxes for people making over $250K shows 48% of the people polled support it. Forty-eight percent, as you'll recall, is more support than Romney got in the presidential election. hehehehehe
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When one man was contained and powerless outside his own country, he went after him and brought vengeance along for the ride. This is his story as only history can tell it.
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