Obama's Tax Cuts and Tax Hikes

Why taxes are probably headed higher.


President Obama was talking up his record as a tax cutter earlier today. Hard to believe, then, that the Washington consensus is that taxes are going up for everybody in the future. I mean, take your pick -- income taxes, business taxes, investment taxes, energy taxes and healthcare taxes. Tax wonks are salivating over different ways they can raise revenue to pay for Obamacare. A value-added tax? A carbon tax. Not hearing much about that today.