Obama To Break Pledge Of Not Increasing Taxes On Incomes Of Less Than $250,000/yr

Well, it’s good to be back among the ranks of the employed. Now that I have an income again, I can devote just a little more time to helping the world stay informed about key issues we are facing.

Many of us knew that Barack Obama had absolutely no intention of keeping many of his campaign promises. Instead of allowing the health care debate to be made public over C-SPAN, he and his Democrat followers instead chose to hold their own meetings behind closed doors and completely shut out the Republicans. He promised that he would veto any bill that contained earmarks but instead has signed legislation that overall contains over 9,000 earmarks.

So, it should come as no surprise whatsoever that Obama is now poised to break a campaign promise he made on September 8, 2008:

“And I can make a firm pledge: Under my plan, no family making less than $250,000 will see their taxes increase—not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes.”

It is becoming clear that Obama made this grandiose claim in an effort to get votes by painting himself as some sort of anti-tax candidate. Well, now that he got the votes, he’s singing a completely different tune:

According to Terrence Jeffrey at Cybercast News Service:

[T]he new health care plan released in summary form yesterday by the White House specifically calls for increasing the Medicare payroll tax on “households with incomes exceeding $200,000 for singles and $250,000 for married couples filing jointly.”

Unless President Obama is prepared to say that the only type of “family” that qualifies as a “family” under his tax pledge is one that is formed around a “married couple filing jointly” than his new health care proposal violates his 2008 tax pledge on its face. The Internal Revenue Service, for example, makes clear that the “head of household” tax filing status is for “unmarried” taxpayers. A definition of the term “head of household” on the IRS Web site says: “Generally, you may claim head of household filing status on your tax return only if you are unmarried and pay more than 50% of the costs of keeping up a home for yourself and your dependent(s) or other qualifying individuals.”

That seems to be the mantra of the Democrats: Tax anything that can be taxed in order to pay for the irresponsible spending the Democrats have engaged in over the past year.

It’s true that Republicans went on a spending binge when they were in power, but the Democrats have far outstripped anything that Republicans have done since 1994. The republicans were bad, but the Democrats are infinitely worse.

More:

The White House posted the president’s tax increase proposal as part of the summary of the new health-care reform bill he is proposing.

“Under current law, workers who earn a salary pay a flat tax of 1.45 percent of their wages to support the Medicare Hospital Insurance (HI) trust fund, but those who have substantial unearned income do not, raising issues of fairness,” says the summary of Title IX of the president’s proposal. “The Act will include an additional 0.9 percentage point Hospital Insurance tax for households with incomes exceeding $200,000 for singles and $250,000 for married couples filing jointly. In addition, it would add a 2.9 percent tax for such high-income households to unearned income including interest, dividends, annuities, royalties and rents (excluding income from active participation in S corporations).”

There it is. Clear and concise. Obama had no intention of keeping his “no tax increases” on anyone under $250,000/yr pledge.

You can access the complete article on-line here:

Breaking His Pledge? Obama Calls For Increasing Payroll Taxes On ‘Households’ Earning Less Than $250,000 Per Year
Terrence Jeffrey
Cybercast News Service
February 23, 2010

One Response

  1. Kudos from one braniac to another. :)

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