Press Scretary Robert Gibbs says “the President is not considering such a tax”. Vice President Biden says “we are not talking about it”. Tax Cheat Tim Geitner says we have to increase revenues. Then the President comes out on Wednesday with ”I want to get a picture of what all of our options are”. This sure sounds like it is still an option for this admistration.
If this tax was implemented it would cripple american families and slow or stop the economic recovery. The calls to “Impeach Obama” will sure begin from the left and the right, once all americans are subject to this tax. A clear departure from the President’s promise of not raising taxes on Americans making less than $200,000. How would this tax affect you and your family ?