Comments on: Obama Will Raise Taxes on Middle Class, Financial Times Says

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[...] Obama Will Raise Taxes on Middle-Class, Financial Times Says [...]

By: Peter

Peter — Wed, 12 Aug 2009 19:21:04 +0000

Thorne,

You posted the same comment on another of my blog posts.

I suggest you tell the President that he has no power to raise taxes because he sure is stumping like he does.

The President has great influence over what Congress does regarding tax policy because tax bills do not become law without the President’s signature.

I can’t believe you didn’t know that.

By: Thorne

Thorne — Wed, 12 Aug 2009 16:04:29 +0000

The president doesn’t have the power to raise taxes.

“Section 8. The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States.”