The Last Time A Dem President Raised Taxes . . .
Much of the recent commentary about the tax cuts has skipped over this political reality. Itís instead focused on how tough the Democrats should be and whether they should insist on the expiration of all the Bush tax cuts on income above $250,000 a year. But thatís no longer one of their options. Unless they believe they will benefit more than Republicans from a standoff in which taxes go up, which is hard to believe with a Democrat in the White House, their only choice now is among various versions of retreat.
(Emphasis supplied.) Yep, Bill Clinton got killed in the 1996 election because he raised taxes. Oh wait, he didn't. Sheesh. You know what's going to hurt Obama and the Dems in 2012? No job growth. Do low taxes lead to job growth? David Leonhardt (yep, the same guy) says no:
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