Read My Lips

What a surprise, Obama says he'll raise taxes if he's elected prez. Look out if you're rich (i.e. make more than $100,000)

Democratic presidential candidate Barack Obama flatly promised to raise taxes in a television interview Thursday afternoon.

“I will raise CEO taxes,” Obama told CNN’s Wolf Blitzer on “The Situation Room. If you’re a CEO in this country you’ll probably pay more taxes,” Obama said.

Obama speculated his CEO tax rates “won’t be prohibitively high, you’ll pay roughly what you did in the 90’s when they were doing fine.”

Obama also said he would eliminate the Bush tax cuts and install what he called a “middle class tax cut.”

Blitzer asked Obama to define “middle class.”

Obama replied, “You know, I think the definitions are always a little bit rough” and said “if you’re making $100,000 a year or less, then you’re pretty solidly middle class…On the other hand, if you’re making more than $100,000 and certainly if you’re making more than $200,000 or $250,000, you’re doing pretty well.”