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Surprise! Tax increase for that "other" 95% coming.
The expiration date has arrived on yet another statement/promise, this time one of his biggest during the campaign. I mean, who seriously believed it was true that 95% of the people would not see a tax increase?
| quote: | | OBAMA: What I know, is that if you're a family making less than $250,000 per year, my plan will not raise your taxes. 95% of you will not see any form of tax increase, not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes. |
The backtracking has begun. First, Obama describing how some of health care will get paid for (weasel words highlighted):
| quote: | The one commitment that I’ve been clear about is I don’t want that final one-third of the cost of health care to be completely shouldered on the backs of middle class families who are already struggling in a difficult economy.
And so, if I see a proposal that is primarily funded through taxing middle class families, I’m going to be opposed to that because I think there are better ideas to do it. |
http://latimesblogs.latimes.com/was...conference.html
So now he doesn't want the burden "completely shouldered" by the middle class. Mm hmm. And he'd "be opposed" but does that mean he'd veto it? Doubtful. Heeeeere it comes.
Now, Tim Geitner said yesterday on "This Week" that it's absolutely right that it's a matter of when, not if the taxes increase and couldn't rule it out for the middle class. Says Timmy: "We have to bring these deficits down very dramatically, and that’s going to require some very hard choices."
Here's a novel idea... CUT SPENDING YOU GOVERNMENT PSYCHOS! And to think, this doesn't even take into account cap and trade.
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