Well, well, well, lookie here! I hope all of you middle class folks that pinned your HOPE and CHANGE on getting tax cuts from “Teh One” are paying close attention to what’s happening here and starting to awaken to the fact that you were sold a bill of goods!
Jake Tapper reports: Obama’s Middle Class Tax Cut May Not Survive Budget
President Obama’s budget chief hinted Wednesday that the president’s signature campaign issue — a middle-class tax cut — will not likely survive a budget battle with Democrats on Capitol Hill.
On a conference call with reporters in advance of the president’s trip to the Hill to speak before the Senate Democratic caucus, Office of Management and Budget Director Peter Orszag indicated that, while 98 percent of the budget mark-ups in the House and Senate are on par with the administration’s budget blueprint, some campaign trail promises, like middle-class tax cuts, may get left on the cutting room floor.
The administration had tied the revenue raised from its environmental “cap-and-trade” proposal to the middle-class tax cuts — known as the “Making Work Pay” tax credit for families — both of which have been brought up as possibilities to be scrapped from the Senate and House budget resolution.
Man, am I drowning in all this HOPE and CHANGE!!!