If you care to, you can read some of the links here to find out more about what the video is referring to, but the best way to read it all in one place is to buy this book. (Don't confuse the book just linked with this one, to which it is the antidote. The latter was written before the election; the first one linked was written after -- after the "stimulus" bill, the takeover of GM, the bailouts of Wall Street, and all the other taxes we have had to suffer in the President's first year of office.)
H/T: Moonbattery (where there is also more -- for catlovers).
Out of curiosity, what taxes has Obama raised in his first year? Or Congress, for that matter?
ReplyDeleteAmong other things, Hoofin, he and Congress signed into law the largest single increase in tobacco taxes ever, last April. And please read in this article about all the new taxes that are buried in the Senate's health care bill, which Obama, Pelosi and Reid are currently planning to have the House pass without any changes, so Obama can sign it into law without its having to go back to the Senate. (Then they will use another bill to enact the changes which certain members of the House are insisting on -- but which do not involve elimination of any of the new taxes.)
ReplyDeleteI think what the President ("he" as you referred to him in a later post) is saying is he doesn't intend to seek a income tax hike on the Middle Class. This part about families making under $250,000 a year.
ReplyDeleteYes, if people choose to buy tobacco, they got hit with EXCISE tax. Interestingly, the tax has traditionally been raised by Republican Congresses or under Republican Presidents. (1951 - 8 cents; 1982 - 16 cents; 1990 effective 1991 - 20 cents, effective 1993 - 24 cents; 1997 effective 2000 - 34 cents, effective 2002 - 39 cents.) The latest hike brough it to a dollar one.
For most of the last 60 years, the inflation value of that tax has been well under the 8 cents a pack from 1951.
With regard to health care, I don't consider a requirement to cover a policy a "tax" per se. People have to cover their risk. The other proposed taxes (none are effective yet if they even will be) either aim at high-income earners or people who are receiving a hugh tax-free premium subsidy from Uncle Sam.