The Coming Middle Class Tax Hike

by Pejman Yousefzadeh on June 29, 2009

David Axelrod all but advertised it. Of course, we all remember that during the campaign, Team Obama was promising everyone and their mother a middle-class tax cut. It appears that promise will go the way of Bill Clinton’s very same pledges in 1992 to offer Americans a middle-class tax cut.

“Slick Barack” does not have much of a ring to it. But seeing as how the Obama promise turned out to be as cynical as the Clinton one, I can understand if some people want to use it as a nickname for the President. To close out this post–and yes, I know this gets asked a lot–who raises taxes while there is a recession still going on?

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