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"For
eight long years," he said Monday in a speech laying out his economic
agenda, "our president sacrificed investments in health care, and
education, and energy, and infrastructure on the altar of tax breaks
for big corporations and wealthy CEOs."
Hmmm. Anybody even dimly acquainted with the record, especially
President Bush's vast expansion of Medicare, might doubt the factual
basis of such a statement. Never mind. Mr. Obama and the Congressional
Democrats promise to sock it to "rich" taxpayers next year to pay for
"middle class tax cuts" as well as some $300 billion in new spending.
But there's a problem: They won't tell us exactly who the rich are.
[Obama] has vowed,.. to end the cap on Social Security taxes, which
amounts to a tax hike on anyone who makes more than $100,000 in income.
More recently, Austan Goolsbee, an Obama economic adviser, told me the
new cap might be set at $200,000.
All of this has caused some heartburn among certain Democrats in high
cost-of-living states. New York Rep. Joseph Crowley says a couple with
earnings of $100,000 could be "a police officer and nurse." "In New
York City," he adds, "they'd be struggling." [Obama and the 'Rich' ]
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