Obama Reneges on Another Campaign Promise Open to Raising Taxes For Households Below $250K a Year

If he wasn't dead meat before, he is now.

President Obama says he is now "agnostic" about raising taxes on households making under $250,000 a year to help cut budget deficits, signaling a possible retreat from a campaign pledge.

In an interview with Bloomberg BusinessWeek on newsstands Friday, Obama said a presidential budget commission needs to look at all options for deficit reduction - including tax increases and cuts in spending on such programs as Social Security and Medicare.

"The whole point of it is to make sure that all ideas are on the table," Obama said. "So what I want to do is to be completely agnostic, in terms of solutions."

Obama repeatedly vowed during the 2008 campaign to spare households earning less than $250,000 a year from tax increases.