About

Monday, November 12, 2007

Obama: "I Deserve A Tax Increase"

I agree, Mr. Obama. So feel free to tax yourself back to The Stone Age; just leave my money alone!
WASHINGTON (AP) — Democrat Barack Obama said Sunday he will push for higher Social Security taxes if elected, viewing it as the best option for improving the retirement program's finances.

But during an interview on NBC's "Meet the Press," Obama said taxing more of a person's income was the option he would push for if elected president. He objected to benefit cuts or a higher retirement age.

"I think the best way to approach this is to adjust the cap on the payroll tax so that people like myself are paying a little bit more and people who are in need are protected," the Illinois senator said.

"That is the option that I will be pushing forward." Currently, only the first $97,500 of a person's annual income is taxed. That cap is scheduled to rise to $102,000 next year. (H/T - CNN)
Make no mistake; Barack Obama will raise your taxes if he's elected President. Well, at least the guy's honest.

No comments:

Post a Comment