Obama Will Raise Taxes on Everyone, and the Sun will Rise Tomorrow

Barack Obama promised during his campaign that he would cut taxes for middle-income taxpayers while increasing rates only for persons with family incomes above $250,000, or with individual incomes above $200,000. We all remember the mantra that he would “cut taxes for 95% of Americans.” Well, as any moderately observant person recognized one year ago, it turns out now that it was nothing but a campaign ploy.

I use the phrase “moderately observant” because Obama was promising Universal Healthcare, and he planned to spend more money than any government in history. Those facts alone should have signaled to anyone that he could not possibly cut taxes for 95% of Americans, and he certainly could not cover the difference by taxing “The Rich.” Overall, there was not enough money to make good on his plan.

Sadly, those who attempted to sound the alarm fell on deaf ears. Even Factcheck.org wrote that anyone who accused Obama of planning to raise taxes on the middle-class was being dishonest. The problem was that Factcheck.org based its claim on what was promised, not what was actually going to happen. As an aside, that begs the questions how an organization like Factcheck.org can assert it is in the business of fact checking when it turns out to be wrong and does not correct its error. The fact is that there was never going to be a tax cut; it was Obama’s “Read My Lips” moment all along.

Now, as expected, White House senior adviser David Axelrod said the president won’t rule out a health care reform bill that includes a tax hike on people making less than $250,000 a year. Oh really?! They just realized that attempting to pay for medical care for 100% of all Americans would require a tax hike on more than 5% of the population. One would think that journalists would have done some investigating one year ago; I guess it is too much to ask?

To make matters worse, if the Cap & Trade bill gets signed into law (it already passed the House of Representatives), it would be the largest tax increase on the middle-class in American history. When Americans start realizing this disastrous bill is nothing other than an electricity tax, I hope they will wake up before it is too late.

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