The Obamessiah, earlier this week:
Now, let me be clear. Let me be absolutely clear, because I know you'll end up hearing some of the same claims that rolling back these tax breaks means a massive tax increase on the American people. If your family earns less than $250,000 a year, a quarter-million dollars a year, you will not see your taxes increased a single dime. I repeat: not one single dime.Nobel laureate Paul Krugman says: "No way"
And even if fundamental health care reform brings costs under control, I at least find it hard to see how the federal government can meet its long-term obligations without some tax increases on the middle class.But then we all knew that was coming.
Extra - Mankiw on the White House's "way too optimistic" assumptions.