Business Week reports:
President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.
Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.
This would break President Obama’s firm no-tax pledge:
Honestly, though, I don’t see why this is such a big deal. The White House has already backtracked on the pledge, and indeed has already raised some taxes on people below the $250k lines. And, frankly, of course Obama is going to raise taxes; that’s what Democrats do.