Here He Goes Again: Obama Will Propose Tax Increases Wednesday

Saying he is now serious about reducing the deficit, President Barack Obama has a plan: Raise taxes.

In a jab at tax-cutting Republicans after Friday's eleventh-hour temporary spending plan was passed by Congress, Obama is back to waging class warfare by again proposing higher levies on individuals making over $250,000.

Obama & Co. failed to get those tax hikes through the lame-duck (Democratic) Congress last year. Now that Republicans control the House, the odds are even longer.

But Obama and the left believe that a mixture of entitlement reforms and a set of "progressive" tax increases is the only way to close the budget gap.

They appear conflicted, however, as the stimulus-spending president has heretofore declared that deficit-spending was the key to pulling America out of recession.

Obama will lay out his plan Wednesday. Brace yourself for a display of cognitive dissonance ... and class warfare.