This Con Ed mentality is on display in other tax-increase ideas the Administration wants to enact.
Reagan's predecessor, Jimmy Carter, was also forced to raise taxes on payroll, Social Security and gasoline -- despite campaigning on the no-tax-increase vow.
CNN: Read his lips: Does tax pledge put Obama on shaky ground?
Without both, limited government will be nothing more than a tea party slogan and a balanced budget will be nothing more than a tax-increase trap.
But at the Virginia rally, Mr. Obama was joined by a local Republican representative, Scott Rigell, whose district would be hard-hit by defense cuts and who has shown some willingness to consider a tax-increase compromise.
There has been some suggestion that the tax-increase proposal is a Boehner ploy: Put the increase on the table and when the president rejects it Boehner can say he made concessions but the president refused them.
"To make a difference in this and any other campaign, tech needs its Grover Norquist pledge, " said Anil Dash, a New York Tech Meetup board member and entrepreneur, referring to the Americans for Tax Reform chief's no tax-increase promise.
For Republicans, the bill includes the bitter medicine of the first income-tax rate increase since 1993, a violation of the anti-tax orthodoxy that has defined their party.
Writing off the costs each year would substantially boost their after-tax income and increase the attractiveness of contingency-fee cases as an investment, much as tax writeoffs on drilling expenses dramatically increase the odds of financial success in the oil and gas business.
Labour also wants a repeat of the bank bonus tax - to increase "fairness".
But Mr Eyman has threatened to organise a referendum to overturn any petrol-tax increase introduced without a state-wide vote.
With or without the threat of a dividend-tax increase, investors with a dividend-heavy portfolio should consider balancing their approach by adding something as simple as a broad-market index fund, Mr. Dickson says.
One side of the debate features Grover Norquist of Americans for Tax Reform, which is the organization that maintains the no-tax increase pledge.
FORBES: Divisions Rise Among Conservatives On Accepting Tax Hikes To Cut Deficit
The dividend and personal income windfall from late last year may partly explain the healthy increase in consumer spending in January and February despite the big payroll-tax increase.
That was the one tax that affected everyone, all working families, and Dole had voted against the latest gas-tax increase in 1993.
Some observers have also suggested a tax on currency exchange, the so-called Tobin tax, to increase the cost of short-term speculation.
Chancellor Angela Merkel boosted Germany's already repressive VAT almost 20%--the biggest tax increase in German postwar history--as a means of balancing the budget.
Obama made the tax proposal a theme of his re-election campaign, arguing that it would prevent a tax increase for middle-class Americans.
The second reason for a firm no-tax increase position is that higher taxes are a very ineffective way of reducing budget deficits.
FORBES: Divisions Rise Among Conservatives On Accepting Tax Hikes To Cut Deficit
For one thing, a 1% tax increase -- half a point each on workers and employers -- goes into effect that year.
In the fall, residents held raffles to pay for a new state-ordered science laboratory and approved a property-tax increase that had failed twice before.
When the 1977 payroll-tax increase passed Congress, legislators congratulated themselves on having assured the financial solvency of Social Security for the next 50 years.
There are only three options: Congress would have to boost the debt ceiling, adopt a massive trillion dollar-plus tax increase, or slash the government by more than one-third.
FORBES: Right Shows Blithe Indifference To Consequences Of Hitting The Debt Limit
Advocates of the arduous policies noted that a sales-tax increase of three percentage points, to 21%, merely puts Spain's tax in line with that of its EU peers.
Meanwhile, the Welsh Local Government Association (WLGA) said the landfill tax increase - which came into force today in England and Wales - will add more financial pressures to councils.
Mr Ishiba, who thinks Mr Tanigaki may not be re-elected as party leader, says it is more likely, provided Mr Noda promises to step down afterwards, that the party will support the consumption-tax increase in the upper house.
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As a result, Mr Parry finds, the net benefits of a road-specific peak-period fee (the gain of less congestion minus the cost of disrupted travel) would be about three times bigger than a petrol-tax increase calculated to curb congestion by the same amount.
For instance, some Republican tax lobbyists, such as Americans for Tax Reform's Grover Norquist, say eliminating any credit or deduction -- what economists call "tax expenditures" or "spending the code" -- is a tax increase.
Despite Obama's backing, one leading Senate Democrat warned a deal could run into trouble -- not only from House Republicans who have long opposed any tax increase, but also from liberals in the Senate who oppose allowing more high-income households to escape a tax increase.
It was shoved back into recession partly by its own policies: an ill-timed tax increase in 1997 and the (temporary) ending of the Bank of Japan's zero-interest-rate policy in 2000.
George Osborne has been looking at securing the headlines this year by scrapping a much hated tax: the so-called "beer tax" - the automatic 2% increase above inflation in alcohol duty - which both the Sun and the Sunday People have campaigned to see the back of.
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