Wednesday, June 23, 2010

Democrats: the party of tax hikes, locally and nationally

The Democrats have already raised taxes TWICE on those making less than $250k.

Democrats are looking at the possibility of raising taxes on families below the $250,000-a-year threshold promised by President Barack Obama during the election.

The majority party on Capitol Hill does not feel bound by that pledge, saying the threshold for tax hikes will depend on several factors, such as the revenue differences between setting the threshold at $200,000 and setting it at $250,000.