Tuesday, November 13, 2007

Obama Calls For Higher Payroll Taxes

On NBC's "Meet the Press," Democratic presidential wannabe, Barack Obama, said he would raise Social Security payroll taxes:

"The best way to approach this is to adjust the cap on the payroll tax so that people like myself are paying a little bit more and the people who are in need are protected."
Here's the video of Obama's saying he'd raise payroll taxes:

Perhaps Obama wasn't around in 1984 to hear Democratic presidential candidate Walter Mondale's famous pledge to raise taxes, then see the former vice president lose in a landslide. Polling found that Mondale's call for higher taxes to be the main reason for his defeat:
The Times/CBS News Poll showed that Mr. Reagan's handling of the economy was the strongest factor attracting voters to him. Those polled rejected Mr. Mondale's call for higher taxes by a ratio of nearly 2 to 1.
Calling for higher taxes might help Obama win the Democratic nomination, but it will also help the Democrats lose the general election.

1 comment:

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