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Video: Then and Now. President promises tax increases effective 2013

Then…

President Obama’s 2009 interview with NBC’s Chuck Todd:

Todd: Let me jump to another topic, Scott Ferguson, he’s upset about taxes, he says: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.” …

Obama: … So I guess what I would say to Scott is his economics are right, you don’t raise taxes in a recession.

Todd: But you might for health care. You might for the highest — for some of the wealthiest.

Obama: The — we have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. …

Obama:  So he is absolutely right, the last thing you want to do is to raise taxes in the middle of a recession because that would just suck up — take more demand out of the economy and put businesses in a further hole.

Now…

July 11, 2011

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