Now that it’s official, and hard to count, he’s lied about so much, Mr. “Centrist” is coming out full tilt in his budget proposal by taxing not only those who make $250,000, but - you guessed it, those making less. Joe Wilson was right - liar, liar.
WASHINGTON - While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
The budget proposal released Monday would extend Obama’s signature Making Work Pay tax credit — $400 for individuals, $800 for a couple filing jointly — through 2011. But it would also impose nearly $1 trillion in higher taxes on couples making more than $250,000 and individuals making more than $200,000 by not renewing tax cuts enacted under former President George W. Bush. Obama would extend Bush-era tax cuts for families and individuals making less.
Obama revived numerous proposals for business tax increases that didn’t fare well in Congress last year, including a scaled-down plan to increase taxes on U.S. companies with major overseas operations, and plans to increase taxes on oil and gas companies.”
Don’t buy that for a second. First, taxing small business owners - such as myself - in that $200-250,000 range WILL in fact increase the living expense of all Americans - period. Both in lack of jobs - I won’t be able to hire more staff, and may have to send a few home, and in the cost of goods and services.
“The tax increases on wealthy families would fulfill a campaign pledge by Obama, who has blamed Bush’s tax cuts and Medicare prescription drug program for swelling the government’s debt by $7.5 trillion.
“While we extend middle-class tax cuts in this budget, we will not continue costly tax cuts for oil companies, investment fund managers and those making over $250,000 a year,” Obama said. “We just can’t afford it.”
No, we can’t afford YOU. What has sent this country into deficit is your fiscally irresponsible actions and incompetence, not your favorite blame game - Bush.
Via Michelle Malkin, here are a few charts that show Obama’s incompetence and ignorance in detail.
Had enuf of this assclown America? I know I have.
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