Saluting with misty eyes
TEN MORE INCONVENIENT TRUTHS FOR TAX DAY
10) President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals. http://blogs.abcnews.com/politicalpunch/2009/02/obamas-budget-a.html
9)If enacted, this budget would increase the 2010 deficit to more than $1.5 trillion, and leave a deficit of more than $1 trillion even after an assumed return to peace and prosperity. Overall, the President's budget would double the national debt over the next decade. http://www.heritage.org/Research/Reports/2010/03/Obama-Budget-Raises-Taxes-and-Doubles-the-National-Debt
More than 130 economists at respected institutions including N.C. State University warned President Obama that the new health care law would make it even harder to put people back to work. http://www.charlotteobserver.com/2010/04/02/1350534/president-obamas-new-health-care.html#ixzz0lMDsXO1X
7)The health care law that Obama signed on March 23, 2010, raises taxes on some things regardless of income. http://www.politifact.com/truth-o-meter/promises/promise/515/no-family-making-less-250000-will-see-any-form-tax/
6) On September 18, 2007, when Obama laid out his tax fairness plan for the middle class, he proposed adjusting the capital gains rate "to something closer to--but no greater than--the rates Ronald Reagan set in 1986."
The problem is that the capital gains rate has dropped since the days of Ronald Reagan. Stated less rhetorically and more straightforwardly, Obama was proposing to RAISE the long-term capital gains tax from 15 percent to 28 percent, nearly doubling it.
Obama Nation, by Jerome Corsi, p.244 Aug 1, 2008
5) As many as a dozen taxes in the new health care law violate President Barack Obama’s campaign pledge not to raise taxes on families earning less than $250,000 and on individuals earning less than $200,000. http://cnsnews.com/news/article/63313
4) Obama’s plan will cut taxes overall, reducing revenues to below the levels that prevailed under Ronald Reagan (less than 18.2 percent of GDP) http://www.examiner.com/x-17299-Hernando-County-Political-Buzz-Examiner~y2010m2d8-Will-President-Obamas-new-tax-plan-help-or-hurt-your-wallet
(And, yet we keep spending more than we are taking in?)
Also under consideration is a plan to extend Medicare payroll taxes to investment income -- a move that could mollify labor leaders unhappy with a proposed tax on gold-plated health care plans, but could hurt seniors who rely on investments after they retire. http://www.washingtonexaminer.com/politics/Obama_s-new-tax-target_-Investments-8764692-81585187.html#ixzz0lMJNIeiO
2) Grappling to contain record deficits, President Barack Obama is seeking to end a middle-class tax break he once said would be permanent. http://thehill.com/homenews/administration/79161-presidents-budget-seeks-an-end-to-tax-break-for-the-middle-class
1) The largest increase in tobacco taxes took effect despite Obama's promise not to raise taxes of any kind on families earning under $250,000 or individuals under $200,000. This is one tax that disproportionately affects the poor, who are more likely to smoke than the rich. http://www.breitbart.com/article.php?id=D979POSG0&show_article=1
Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting, "WHAT A RIDE