Barack Obama Has Called For Higher Income Taxes, Social Security Taxes, Capital Gains And Dividend Taxes, And Corporate Taxes, As Well As "Massive New Domestic Spending." "Obama's transformation, if you go by his campaign so far, would mean higher income taxes, higher Social Security taxes, higher investment taxes, higher corporate taxes, massive new domestic spending, and a healthcare plan that perhaps could be the next step to a full-scale, single-payer system. Is that what most Americans want, someone who will fulfill a Democratic policy wish list?" (James Pethokoukis, "Barack Hussein Reagan? Ronald Wilson Obama?" U.S. News & World Report's "Capital Commerce" Blog, www.usnews.com, 2/12/08)
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Obama's dead wrong about what caused the housing meltdown; Democrats drove dangerous lending practices- Don't spend Obama's so-called tax cut yet; last time a Dem promised a middle-class tax cut he RAISED TAXES on the middle-class
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Barack Obama Also Called For A Tax On Coal And Natural Gas. Obama: "What we ought to tax is dirty energy, like coal and, to a lesser extent, natural gas." ("Q&A With Sen. Barack Obama," San Antonio Express-News, 2/19/08)
Barack Obama Called For A Windfall Profits Tax On Oil Companies. Obama: "I think it is appropriate for us to impose a windfall profits tax on our oil companies." (Sen. Barack Obama, Remarks At A Campaign Event, Charlotte, NC, 5/2/08)
"[Obama] Wants To Raise Taxes Even Above The Levels Of The Clinton Era, Including A Huge Increase In The Payroll Tax." (Editorial, "The Obama We Don't Know," The Wall Street Journal, 6/4/08)
If Barack Obama Is Elected To The Presidency And Democrats Get A 60-Vote Majority In The Senate, Taxes Will Go Up. "What will happen to the U.S. economy if Barack Obama wins the presidency and he's backed by a filibuster-proof majority in the Senate? Taxes will go up." (Rich Karlgaard, Op-Ed, "Where Will Taxpayers Hide?" Forbes, 6/16/08)
Barack Obama's Plan To Raise Taxes During An Economic Downturn Would Only Further Weaken Our Economy:
"Barack Obama's admission that his tax increases could harm the economy begs the question as to why he supports them. At a time when family budgets in this country are stretched thin and employers are facing tough economic challenges, the idea that Barack Obama would even propose tax increases reflects a fundamental misunderstanding of the economy. We will not get our economy back on track by raising income taxes, Social Security taxes, capital gains and dividend taxes and corporate taxes as Barack Obama proposes. That's change we just can't afford." Tucker Bounds
CNBC's Maria Bartiromo Asked Obama: "Why Raise Taxes At All In An Economic Slowdown? Isn't That Going To Put A Further Strain On People?" (CNBC's "Closing Bell," 3/27/08)
U.S. News & World Report's Michael Barone Said Obama's Fiscal Policy Is Akin To Herbert Hoover's -- Raising Taxes And Backing Protectionist Trade Policies During An Economic Slowdown. On fiscal policy, Barack Obama "wants higher taxes, at least on high earners. He wants to let at least some of the Bush tax cuts expire in 2010, as scheduled.
On trade, he opposes new free-trade agreements and wants to renegotiate NAFTA with Canada and Mexico. As it happens, another president embraced such policies in a time of economic slowdown and financial market turbulence: Herbert Hoover raised taxes on high earners sharply and, ignoring a letter signed by 1,000 economists, signed the Smoot-Hawley tariff in 1930. The results were not pretty. Until now, his example has not commended itself to Democrats. One wonders whether voters will agree that tax increases will stimulate the economy." (Michael Barone, Op-Ed, "Uncle Sam Pays? Sure, Whatever," U.S. News & World Report, 4/21/08
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