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Thursday, July 29, 2010

ATR: Obama's Broken Tax Pledge

Americans for Tax Reform, Gibbs Misleads Public on Obama’s Broken Tax Pledge:

White House spokesman Robert Gibbs seems to have forgotten that his boss has already broken his central campaign promise – a “firm pledge” that “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.”

Responding to a question during his daily press briefing today, Gibbs said, “The President believes raising taxes on the middle class during this economic time would not make a lot of economic sense.”

But President Obama has already broken his “firm pledge” at least eight times:

  1. 156% Federal Tobacco Tax Hike (took effect April 1, 2009)
  2. 10% Tax on Indoor Tanning Services (took effect July 1, 2010)
  3. The “Medicine Cabinet Tax” (takes effect Jan. 1, 2011)
  4. The HSA Withdrawal Tax Hike (from 10% to 20%) (takes effect Jan. 1, 2011)
  5. The“Special Needs Kids Tax” ($2,500 cap on FSAs) (takes effect Jan. 1, 2013)
  6. The Obamacare Medical Prosthetics and Devices Tax (takes effect in Jan. 1, 2013)
  7. The Medical Itemized Deductions Cap (from 7.5% to 10%) (takes effect Jan. 1, 2013)
  8. The Obamacare Individual Mandate Excise Tax (up to $2,085 or 2.5% of AGI) (takes effect Jan. 1, 2014)
Tax Foundation, How Would President Obama's Tax Plan Raise Tax Payments for a Couple Earning $250,000 or Less?

http://taxprof.typepad.com/taxprof_blog/2010/07/atr-obamas-broken-tax-pledge.html

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Comments

Details, those are all just details.

Posted by: Tax Lawyer | Jul 29, 2010 12:26:18 PM

And Booze gets off the HOOK ONCE AGAIN....Beer the largest consumed ALCOHOL and the CHEAPEST DRUG,only pays .42 cents a Gallon Tax,WHile SMokers Pay 4.00 Per Pack Tax,Alcohol COsts this nation $185 Billion a year in DAMAGES and MURDERS ,RAPES,OTHERS,And SMOKING dont even COME CLOSE TO THIS POISON..And SMOKERS DONT KILL OTHERS..PERIOD ??????? GET IT ????? LOOK IT UP

Posted by: SAM | Jul 30, 2010 8:28:13 AM