President Barack Obama’s treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.
Despite this of course:
During his presidential campaign, Obama repeatedly vowed “you will not see any of your taxes increase one single dime.” But the simple reality remains that his ambitious overhaul of how Americans receive health care — promised without increasing the federal deficit — must be paid for.
In North Carolina, it’s already poised to happen.
Democratic leaders in the House and Senate settled on a plan that would tack a 3 percent surcharge on the income tax liability of North Carolinians who report income of more than $250,000 a year. Taxpayers who report between $100,000 and $250,000 would get hit with a 2 percent surcharge. Those levels are based on the taxable income of married couples filing jointly.
Moral of the story: You get what you vote for.
