12/01/2011

Obama as tax cutter?

This is too funny. Remember Obama's promise:

"I can make a firm pledge. Under my plan, 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."


Even the liberal Politifacts.com finds that Obama has broken this promise multiple times.
-- "Smokers, tanning aficionados, the happily uninsured: More taxes coming at ya!"

Obama's new line is:

"I know you hear a lot of folks on cable TV claiming that I am this 'big tax and spend liberal.' Next time you hear that, you just remind the people who are saying it that since I've taken office, I've cut your taxes. Your taxes -- your taxes today, the average middle class family, your taxes today are lower than when I took office. Just remember that. We have cut taxes for small businesses, not once, not twice, but 17 times. The average family's tax burden is among the lowest it's been in the last 60 years. So the problem is not that we've been raising taxes. We've been trying to give families a break during these tough times."

Obama has lowered the average tax rates for some individuals (credits for college tuition and the earned income tax credit), but they are phased out with higher incomes raising people's effective marginal tax rates. But the claim to be lowering taxes for small businesses is amazing. He has had small targeted tax cuts for firms that make the types of investments that Obama wants. Obama wanted to raise their taxes multiple times but was only stopped by Republicans. He really wants to take credit for this? This is serious?

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1 Comments:

Blogger Martin G. Schalz said...

BOHICA

12/03/2011 12:32 PM  

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