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Politics : View from the Center and Left

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To: Mary Cluney who wrote (140945)	7/16/2010 10:26:20 AM
From: Paul Smith	Read Replies (3) of 542923

Obama has stated very clearly that he does not want to raise taxes for people making under $250,000 a year. Of course by necessity he may have to... So a politician can say anything and then do something else as long as they claim it was due to necessity? Everybody knew all along that the no new taxes for people under $250K was unrealistic. Clinton did have a budget surplus but not before the House was turned over to Republicans. As you know, the Constitution requires every spending bill to originate in the House. In addition, the budget in the Clinton/Gingrich years benefited from taxes on investment income from the stock market of the mid to late 1990s --- the telecom and internet bubble, which was a temporary artificial event.

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