That was then:
THE SITUATION ROOM
Interview With Senator Barack Obama; Should Clinton Be Forming Exit Strategy?
Aired May 8, 2008 – 16:00 ET
….BLITZER: I want — I want to get to all of those national security, foreign policy issues in a moment. But let’s talk about some domestic issues.
You know they’re going to paint you, the McCain camp, Republicans, as a classic tax-and-spend liberal Democrat, that you’re going to raise the taxes for the American people and just spend money like there is no tomorrow when it comes to federal government programs.
Are you ready to handle that kind of assault?
But — because think about what I am going to be running against: the failed policies of the Bush administration, which John McCain wants to continue. I don’t think there is anybody in this country who thinks that, right now, we have got a government that’s managed our domestic policies well.
And, so, we can talk about the slogans of tax and spend or fiscal conservatism, but the fact of the matter is, this — we have had an administration that’s been profligate, that has raised our national debt to a record level. We have seen a lack of shared prosperity. So, you’ve got CEOs making more in a day than ordinary workers are making in a year, and it’s the CEO that’s getting the tax break, instead of the workers.
BLITZER: He’s going to say you’re going to raise their taxes. What are you going to say?
OBAMA: I will raise CEO taxes. There is no doubt about it. If you are… BLITZER: What about the average American…
OBAMA: If you are a CEO in this country, you will probably pay more taxes. They won’t be prohibitively high. They’re — you’re going to be paying roughly what you paid in the ’90s, when CEOs were doing just fine.
BLITZER: So, you want to just eliminate the Bush tax cuts?
OBAMA: I want to eliminate the Bush tax cuts.
And what I have said is, I will institute a middle-class tax cut. So, if you’re making $75,000, if you’re making $50,000 a year, you will see an extra $1,000 a year offsetting on your payroll tax.
BLITZER: Define middle class.
OBAMA: Well, look, I think that the definitions are always a little bit rough, but let’s — let’s just take it this way.
If you’re making $100,000 a year or less, then you’re pretty solidly middle class, and you deserve relief right now, as opposed to paying higher taxes. On the other hand, if you’re making more than $100,000, and certainly if you’re making more than $200,000 to $250,000, then you’re doing pretty well.
And it’s the people who are making over $200,000, $250,000, who have benefited the most and have actually seen — have actually seen more and more of economic growth in this country go in your direction.
And all — all we’re looking for here is a sense of balance, because it’s my belief that this country has always grown when it grows from the bottom up, when the average worker who is putting in his time and trying to live out the American dream, when a nurse or a teacher, she’s able to support her family, then they spend money, businesses do well, and we generate tax revenues that can pay for the common investments that we need.
And that’s what’s been lacking, a sense of shared sacrifice, as well as shared benefits from the economy.
This is now:
….Does not worsen the medium- and long-term deficit. These are responsible, temporary measures to support our economy that will not add costs by the middle of the decade. The President does not believe it is affordable to make the high-income tax cuts permanent and will continue to have that debate in the years ahead.
Overview of the Framework Agreement:
Extending the 2001/2003 Income-Tax Rates for Two Years. The framework agreement includes a mutually agreed upon solution to the impasse over taxes by extending the 2001/2003 income tax rates for two years and reforming the AMT to ensure that an additional 21 million households will not be hit with a tax increase. These measures will provide relief to more than 100 million middle-class families and prevent a tax increase of over $2,000 for the typical family….
And provide a windfall of over $100,000.00 for millionaires.
We’d have ham and eggs. If we had some ham, and if we had some eggs.
I’ve kept the Obama bumper stickers on my vehicle for over two years so I could continue to piss off right wingnuts. I had to take them off today because they were pissing me off.