The Next Tax Increase

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Wall Street Journal Op-Ed: “In case you missed it, President Obama held a press conference Monday to make essentially two points: He won’t negotiate with Republicans over raising the federal debt limit, and if Republicans want any spending cuts at any time in the next four years they’ll have to raise taxes along with it. He won, so get used to it, chumps.

Millions of Americans, rich and middle class, are still recovering from the shock of the income and payroll tax hikes in their first 2013 paychecks, while ObamaCare’s new taxes have also just kicked in. These are the biggest tax increases in at least 20 years, yet Mr. Obama is already stumping for another revenue raid.”