Wednesday, October 23, 2013
The Life and Times of ObamaBush: Remember Obama's Promise to Not Raise Any Tax On Those Making Under $250,000? Well....
Obama simply lied. He has already broken that promise three times so far
by Larry Simons
October 23, 2013
Remember the speech President Obama gave in Dover, New Hampshire on September 12, 2008 when he told us all that he will never raise taxes on anyone making under $250,000? Incase you forgot, this is what he said:
"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes. Not any of your taxes."
Here is the clip of him saying it [you can find it at the 1:20 mark in the clip]
With the passage of the Patient Protection and Affordable Care Act in 2010 [and now with it being launched on October 1], this now marks the third time in Obama's presidency that his promise to not raise taxes on those making under $250,000 has been broken.
Although the law [PPACA] was passed in 2010, it will be officially implemented January 1, 2014. After this date, tax increases for middle-class families commence. In fact, of the 20 new tax increases Obamacare ushers in, 12 of them affect the middle-class. Twelve.
In fact, the most ironic thing about the posted clip [above] of Obama's 2008 speech is that after he states that he will not tax anyone making over $250,000 ["wink", "wink"], he criticizes John McCain for wanting to tax health care premiums. He tells the crowd that McCain's plan would increase taxes by 3.6 trillion. Obama's answer to this?: Forcing 30 million Americans to purchase healthcare, even if they do not want it, while driving up the cost of premiums of those who already have it.
The first of the tax increases came early, in February of 2009, when Obama more than doubled the taxes of tobacco products. This affected roughly 60 million Americans. Cigarette taxes jumped from $3.90 to more than $10 per carton, while cigar taxes increased by over 4,000%. These tax increases mostly harmed those making less that $250,000 and living at or below poverty level.
While it is true that one can argue that these people could have avoided the taxes simply by quitting smoking, liberty lovers can also argue that although smoking is unhealthy, it is also legal and within everyone's rights to engage in. After all, many of these people may have trusted Obama when he said he would not raise their taxes.
The second time Obama raised taxes on under-$250,000 wage earners was January of this year, when he failed to extend the Bush tax cuts in the fiscal cliff dilemma. Obama hit all Americans by allowing the Bush tax cuts to end, sending the social security portion of payroll taxes back to 6.2% [from 4.2%].
Obama supporters can argue all they want to that Obama didn't actually raise taxes by simply letting Bush tax cuts to expire, but they would be blowing hot air. Whether you raise taxes by the stroke of a pen or simply allow your predecessor's tax cuts to expire, you are still raising taxes.
This should easily go down in history as a George H.W. Bush "read my lips, no new taxes" moment, but in reality it doesn't compare, because what Obama did in raising taxes is much worse than what daddy Bush did. Obama named a particular demographic of people that he would not tax, then turned right around and taxed them.
To tell you the complete truth, I enjoy seeing gullible Americans trust in a politician when they make a bold promise [like not raising taxes on a colossal amount of people....those making under $250,000] and then that politician turns right around and hits those very same supporters in their wallets with the very tax he promised he would not raise. A part of me thinks, "Maybe they will learn next time" [not to trust a politician], but most of me knows they won't.