Bill Clinton has provided a lot of entertainment lately in a rather vicious political climate. I truly feel that President Clinton is simply attempting to pave the way for Hillary‘s campaign of 2016. Well, President Clinton is at in again.
The Hill is reporting today that the Republicans are pointing to President Clinton’s recent statement that he would continue the current tax rates as they are, rather than only continuing tax breaks for the middle class. He’s off the reservation again. It seems as if he has been encouraged to alter his statements slightly.
The article reports:
Clinton, in an interview on CNBC, said he had “no problem” with extending all of the tax cuts temporarily to avoid the year-end “fiscal cliff” that economists warn could slow the economy or even cause a recession. A spokesman for the former president later clarified that he “does not believe the tax cuts for the wealthiest Americans should be extended again.”
Notice that the clarification is different than the original statement. Must have been another trip to the woodshed!
There is a tax bomb scheduled to hit the middle class on January 1, 2013. It is a combination of the Bush tax rates expiring and the additional taxes imposed by Obamacare. If something is not done to stop the new taxes, the American economy will be seriously slowed by the extra tax burden.