Barack Obama made a solemn pledge as a candidate not to raise taxes on American families making less than $250,000. He also promised to cut taxes on American families making less than $200,000 a year.
“I can make a firm pledge,” Obama said in September 2008 speech. “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.”
Here’s the video, in case you don’t believe us.
Of course, as President, Obama has endorsed a socialized medicine plan that includes a new individual mandate excise tax, a new employer mandate payroll tax for small businesses, and tax increases on health savings accounts – and that’s before you factor in the huge increases in health costs associated with the proposal.
Obama has also endorsed a massive energy tax increase that could cost the average American family as much as $4,000 a year.
Furthermore, with the budget deficit soaring to $1.5 trillion this year, it’s becoming increasingly less likely that Obama will be able to keep the middle class from facing some sort of direct tax increase.
Now … let’s look at the flip side of that coin, the tax relief pledge.
“As president, here’s what I’ll do: cut taxes for every working family making less than $200,000 a year,” Obama promised during an October 2008 network address. “I’ve also proposed eliminating all capital gains taxes on investments in small businesses and start-up companies, and I’ve proposed an additional tax incentive through next year to encourage new small business investment.”
Yeah … what’s up with that?
Seriously, Holmes. You want us to spend money … but then you don’t hook a brotha (sista) up?