But as the fiscal cliff agreement looked increasingly likely, Obama started talking more specifically about additional tax hikes. On Monday, he told a White House rally that “revenues have to be part of the equation in turning off the sequester.”
Translation: If Republicans want to prevent devastating defense cuts from automatically kicking in two months from now, they’ll have to choke down another round of tax hikes.
And he made it clear any future deficit cuts will have to include still more new taxes. “If Republicans think that I will finish the job of deficit reduction through spending cuts alone,” he said, “then they’ve got another thing coming.”
Then, after the agreement had been signed on Tuesday, he talked about how “cutting spending has to go hand-in-hand with further reforms to our tax code” that take more money from “the wealthiest corporations and individuals.”
So, after getting a deal that includes only tax hikes and no spending cuts, Obama will demand that any future spending cuts come with still more new taxes.
More.
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