President Obama’s “Read my lips” moment? From the New York Daily News, Econ chief Timothy Geithner won’t rule out middle class tax increases
WASHINGTON – White House officials on Sunday refused to rule out hiking taxes as one of the “hard choices” needed to fix the economy over the long haul.
President Obama pledged often on the campaign trail that taxes would stay the same or go down for 95% of Americans.
Asked on Sunday if even the middle class could face hikes, neither Treasury Secretary Timothy Geithner nor Lawrence Summers, head of the President’s National Economic Council, would say for sure they’d stick to the pledge.
“There’s a lot that could happen over time,” Summers said on CBS’ “Face the Nation.”
“It’s never a good idea to absolutely rule things, rule things out no matter what.”
More at the link.
May be a hard choice for the Administration, but it will be a no-brainer for voters come the next Presidential election.