Even lefties can see it coming

Matthew Hoy
By Matthew Hoy on May 5, 2009

While Politifact.com has determined that President Barack Obama has not really broken his promise not to raise taxes on the bottom 95 percent of by passing an increase in the cigarette tax, other liberals are convinced it's just a matter of time.

Looking at the gap between revenues and costs for Obama's health care plans, Matt Yglesias over at ThinkProgress.org makes the following observation:

That dotted line already assumes you’re repealing Bush’s tax cuts for the rich. You could—and we probably should—raise taxes even further on the rich. But I don’t think there’s a realistic way to get all the way to where we need to go purely through that mechanism. So the isse [sic] becomes that if you’re going to have broad-based sources of revenue, it makes sense to obtain a decent chunk of that revenue through taxes that, at the margin, encourage healthier behavior rather than through taxes that, at the margin, discourage economic activity.

Hold on to your wallet. The tax increases are coming, but the final form of them has not yet been determined -- whatever you do, don't think of the Stay-Puft Marshmallow Man.

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