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Thank you, Mr. Peebles: Obama Insider Slams the Door On Any New Taxes

August 02, 2011

Today, in an interview on CNBC’s “Squawk Box,” Obama insider Don Peebles threw cold water on the Democratic-endorsed idea of tax increases saying, “Well, I think the door should have been slammed on any new taxes.  I think it’s closed but not slammed.  Hard core reality is that there’s no appetite in the financial markets, businesses cannot afford it.  Any increase in taxes, I think, would be detrimental to the economy.”