Obama’s Middle Class Tax Hikes
[RedState.com]
Posted by: Daniel Horowitz (Diary)
Tuesday, July 10th at 12:00PM EDT
While Obama is prosecuting a flaccid war overseas and apologizing for our troops when they defend against Taliban attacks, he is fighting a no-holds-barred class war at home. Once again, Obama has announced that he will orchestrate the largest tax hike in American history on those earning more than $200,000. After all, taxing the rich is a great way to raise revenue; it worked so well in Maryland. Oh, wait.
But fear not, he will renew the Bush tax cuts on those earning under $200,000, while repackaging them as his own tax cuts.
There’s one problem with Obama’s assertion that he hasn’t raised taxes on the middle class. YOU LIE! Government regulations and interventions that Obama supports will raise the cost of living on the middle class for the most vital goods and services. Those higher costs will trump any savings they actualize as a result of the tax cut extension. Oh, and there’s one other problem. He’s forgetting about the massive tax increase on all those who don’t purchase government-approved health insurance.
In that vein, let’s review some of the hidden [or not so hidden] tax increases on the “middle class” that Obama has orchestrated:
Candidate Obama’s Class Warfare
[HumanEvents.com]
Forget trying to govern. President Obama has gone all in on class warfare.
Don’t expect any of his stimulus or deficit-cutting ideas to pass Congress. They’re not designed to pass in a House controlled by Republicans. They’re designed to pit middle-class and poor voters against job creators and the Tea Party’s low-tax philosophy.
The President’s legislative plan to stimulate the economy is a miniature version of his failed stimulus plan. Congress won’t pass another expensive bailout of the states and giveaway to Big Labor wholly funded with higher taxes.
Obama’s submission to the Super Committee contains $3 trillion in gimmicks and tax increases over the next 10 years, which will purportedly slice $3 trillion off the national debt. He claims a “cut” of more than $1 trillion in connection to the planned wind-down of the conflict in Afghanistan and Iraq. Obama raises $1.5 trillion with most of that new revenue on the backs of individuals making more than $200,000 and families making in excess of $250,000.
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