"I do think at a certain point you've made enough money," he told a Quincy, Illinois audience. It was only "fair," Obama continued to argue, that government should confiscate the rest by raising taxes.
The president will apparently propose modest measures to slow the growth in entitlement spending in exchange for more tax increases. That would raise hopes for what the Beltway class likes to refer to as the “grand bargain,” but for those of us who are looking for considerably less government in our lives it would hardly be cause for enthusiasm.
Are we about to see a new kinder-and-gentler Obama? Has the tax-and-spend President of the past four years been replaced by a fiscal moderate? That’s certainly the spin we’re getting from the White House about the President’s new budget.
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