You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Krauthammer: Obama's Presidency Is 'All About' Raising Taxes to Pre-Reagan Levels to Support the Entitlement State

Syndicated columnist Charles Krauthammer shared his thoughts last night on the fiscal cliff bill as the House of Representatives voted 257 to 167 to pass a measure that avoids the fiscal cliff. Krauthammer said the bill is just what President Obama wanted, in that it raises tax rates on people making more than $450,000, puts off spending cuts and extends unemployment benefits.

Bret Baier asked Krauthammer what he thinks about the recommendations made two years ago by the Simpson-Bowles Debt Commission, which have been ignored by the president.

"He's not interested in cutting spending," Krauthammer said, explaining that Obama's second term

is devoted to "undoing Reaganism" and ramping up tax rates on the rich. Krauthammer explained that the president still wants to eliminate tax deductions for the wealthy to bring in even more revenue.

"He has no interest in anything other than raising the level of taxation to pre-Reagan levels so he can support the entitlement state, which is what his presidency is all about. It's a very long view, and I think he's attacking it exactly the right way if you are of his ideology," Krauthammer said.

Watch Krauthammer's commentary:

Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Fox News Launches Redesigned App for iPhones, Androids

Now it's easier and faster than ever to keep up with the most powerful name in news wherever you are. Download the redesigned Fox News Channel app today on your iPhone or Android to watch Fox News and Fox Business Network live on your device! Click here for more information on how you can get the Fox News app.

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" will reveal who we are as a nation – driven, passionate and uniquely American. Check out the latest installment: an inside look at Mutton Bustin!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!