Obama Addresses Nation After Debt Bill Passes in Senate – Still Wants Tax Hikes

In an August 5, 2009, interview on NBC News, Obama said,
“The last thing we need to do during a recession is to raise taxes.”

“The last thing you want to do is raise taxes in the middle of a recession, because that would just suck up, take more demand out of the economy and put businesses in a further hole.”

Obama said tax hikes would put the economy in a further hole.

But that was in 2009…
Barack Obama rushed to the microphone today after the Senate passed the debt agreement. He continued to push for tax hikes… during a recesssion.
The White House reported:

And since you can’t close the deficit with just spending cuts, we’ll need a balanced approach where everything is on the table. Yes, that means making some adjustments to protect health care programs like Medicare so they’re there for future generations. It also means reforming our tax code so that the wealthiest Americans and biggest corporations pay their fair share. And it means getting rid of taxpayer subsidies to oil and gas companies, and tax loopholes that help billionaires pay a lower tax rate than teachers and nurses.

I’ve said it before; I will say it again: We can’t balance the budget on the backs of the very people who have borne the biggest brunt of this recession. We can’t make it tougher for young people to go to college, or ask seniors to pay more for health care, or ask scientists to give up on promising medical research because we couldn’t close a tax shelter for the most fortunate among us. Everyone is going to have to chip in. It’s only fair. That’s the principle I’ll be fighting for during the next phase of this process.

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