Edwards Calls for Tax Increases Beyond Tax Cut Repeal; AP Writer Reluctant to Acknowledge
In 1995, Bill Clinton said this to a Houston fund-raising audience about the 1993 tax increase his administration is infamous for:
Probably there are people in this room who are still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much too.
John Edwards, on the other hand, must think that the Clinton Administration and the congress at the time raised taxes too little, because he said on Sunday that he wants to go beyond what was done in 1993 (link requires registration; HT Colorado Right):
Democratic presidential hopeful John Edwards said yesterday raising taxes for higher-income families back to their levels under the Clinton administration is a floor, not a ceiling, and he would consider even higher tax increases.
"What I believe is the starting place is to go back to the Clinton levels," Mr. Edwards told reporters after addressing the 2,000 delegates to California's state Democratic Party convention.
In an unbylined report from the Associated Press at MSNBC, the AP writer seemed to sense how unpopular the idea of tax increases beyond 1993-2001 levels would be, and attempted to downplay what Edwards really said (bold is mine):
Democratic presidential contender John Edwards said Sunday he would consider raising taxes on corporations and the wealthy to fund programs such as universal health care.
Edwards has long said he wants to repeal the tax cuts on upper-income earners enacted during the Bush presidency, but Sunday he seemed to go further, by saying he was open to raising them higher than they were before George W. Bush took office. He also said he would consider taxes on "excess profits," including those made by oil companies.
Edwards said it was more important to level with voters than to worry about the political consequences of advocating higher taxes.
Cross-posted at BizzyBlog.com.