Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend
17th April 2011
Let’s ponder what this means. If politicians in Washington spend too much and cause more red ink, which happens on a routine basis, Obama wants a provision that automatically would raise taxes on the American people.
Kind of like the we-get-a-raise-automatically-unless-we-vote-not-to law now in effect regarding Congressional pay.