Obama About to Break Income Tax Pledge: We ‘Can’t Afford’ to Extend Bush Tax Cuts, ‘Perfectly Fair’ to go Back to Tax Rates Under Bill Clinton…

While discussing whether he thinks the Bush tax cuts should be extended, Barack Obama said, “I don’t think we can afford it.” He said, “It is sensible for us to say that if you make more than 250,000 dollars a year, going back to the tax rates that existed under Bill Clinton are perfectly fair.”