With President Barack Obama running very optimistically for re-election, watch out for what he says, and may do, on taxes if he is re-elected in November.
You may be sure Obama is not proposing to raise taxes on “you.” But he has gone on the offensive, proposing taxes on “somebody else,” the “rich.”
In a rousing speech Tuesday to about 5,000 of his supporters in Florida, an important swing state, Obama told an audience in Boca Raton:
“Look, I want folks to get rich in this country, I think it’s wonderful when people are successful. That’s part of the American dream.”
Then he said: “But understand, the share of our national income going to the top 1 percent has climbed to levels we haven’t seen since the 1920s.