President Obama has a problem. He pledged not to raise taxes on anyone making under $250k per year, and he did. (And the biggest tax hike — the expiration of the Bush-era tax cuts — hasn’t arrived yet.) Naturally, Obama’s people want to deny that he ever made that promise:
The White House at the time said the increase didn’t violate Obama’s pledge because it didn’t apply to income, payroll or investment taxes. . .
“The president’s position throughout the campaign was that he would not raise income or payroll taxes on families making less than $250,000, and that’s a promise he has kept,” a White House spokesman said last year.
No, that was not his position. He said that “no family making less than $250 thousand per year will see any form of tax increase.”
All he can say now is he never meant it. Some of us knew that all along.