Saturday, June 26, 2010

Dems: We’re Not Bound by President’s Tax Vow. . . .

Obama said at his State of the Union speech:  "In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2% of Americans. But let me perfectly clear, because I know you’ll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.

According to Alexander Bolton at thehill.com:

Democrats are looking at the possibility of raising taxes on families below the $250,000-a-year threshold promised by President Barack Obama during the election.

The majority party on Capitol Hill does not feel bound by that pledge, saying the threshold for tax hikes will depend on several factors, such as the revenue differences between setting the threshold at $200,000 and setting it at $250,000.

“You could go lower, too — why not $200,000?” said Sen. Dianne Feinstein (D-Calif.). “With the debt and deficit we have, you can’t make promises to people. This is a very serious situation.”

Sen. Byron Dorgan (N.D.), chairman of the Senate Democratic Policy Committee, concurred, saying, “I don’t think there’s any magic in the number, whether it’s $250,000, $200,000 or $225,000. . . .

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Why not $100,000 or $75,000? WTF why not $50,000?

When the Bush tax cuts expire at the end of the year and these assh*les raise our taxes even further you still have all these additional taxes to look forward to:
  • VAT Tax (hidden tax in everything you buy)
  • You will have to include your health benefits as income
  • Removing the interest mortgage deduction 
  • Cap and trade tax (your fuel and utilities cost will skyrocket)
  • Obamacare tax (You really didn't think Obamacare was going to be free did ya?)
In the whole article there is NO MENTION of cutting spending only raising taxes.

Obama was right when he said "you will not see your taxes increased a single dime" Hell no he's gonna raise them thousands and thousands of dollars.

We are soooooo SCREWED ! ! ! !

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To really get pissed off go read the full article:
http://thehill.com/homenews/senate/104919-dems-were-not-bound-by-presidents-tax-vow