Obama Admits His Tax Hikes Would Hurt The Economy

During an interview on This Week with George Stephanopoulos, Barack Obama acknowledges that tax hikes hurt the economy.

Category:

News & Politics

Tags:

• Barack
• Obama
• Taxes
• Liberal
• Spending
• Economy
• Recession
• Government
• Growth

[joskemom]

Only 8% of the cabinet members in Obama's admin comes from the pirvate sector. He has alot of his admin loving Mao. It is no accident the economy is crashing. It is a socialistic agenda they have. Obamacare, cap and trade and now the EPA acts like it wants to dictate to congress. He is a one term president.

[y0utUBeH8r]

stop the purchases!! get out of IRAQ like you said you would do on the first day jackass.,.,.,

[wutbothersme]

What a dishonest question. Raising taxes DOES NOT raise revenues.

[TheVideo5094]

@pjkinann It is Bush's fault for starting and Obama's for deepening.

[pjkinann]

@TheVideo5094 Bush isn't our president. We can all forget about Bush. This is OBAMA'S ECONOMY, and Obama is the president. IT is HIS RESPONSIBILITY, not BUSH'S! That's so trite!

[pjkinann]

@joskemom We can only pray he is a one-term president; otherwise, another 4 years and America is doomed!

[usagirlfriend]

The Obama family is supposed to be in the top tax bracket of 37%, but somehow Obama only paid 26% in taxes.

The Obama even got a tax refund of $12,334.

So why aren't the media, union thugs and other left wing pissants yelling for Obama to pay his "fair share?" It's probably the same reason why they don't seem interested that a major left wing corporation like GE made $14 billion last year and paid ZERO in taxes (after being bailed out.)

[TheVideo5094]

@SuperNache Bush didnt have a surplus in 2007 Nor did he decrease the budget

Total revenue $2.57 trillion

Total expenditures $2.73 trillion

But I do agree that Obama is making it worse and needs to be a one term president

[SuperNache]

@SuperNache By decrease teh budget, i mean the rate at which it grows, the budget will aways increase do to growth, but by being responsible, we can make sure that the rate at which revenues grow is faster than spending. that's how you create surpluses.

[SuperNache]

Blaming the wars doesn't work. George Bush decreases the budget between 2002 and 2006 and even had a surplus in 2007 at the height of the surge in Iraq. Obama has also increased defense spending at a higher rate than Bush ever did. if you look at spending for the past decade, the rate at which spending increased doubled during this administration even though Revenues took a sharp decline in 2009 causing us to have massive deficits for the past few years.

[Welsh77]

obama refuses to admit that RAISING TAXES WILL BRING IN LESS MONEY, there is NO CORRELATION between higher tax rates and higher revenue throughout the last 70 years. obama wants to attempt to shift the tax burden on the top tax brackets, but history the rich pay a higher % of the tax burden when the rates are lower. this is just a fact, raising the tax rate wil cause the top 1% to pay less of the overall tax burden. fiscally being responsible is bringing in more revenue, not raising taxes.