“No new taxes on anyone earning less than $250,000 per year.” That’s what Obama claimed during the campaign.
C’mon, we all knew that was about as legit as an Iranian election.
Even the liberal Associated Press says the Democrats are getting ready to pay for their socialist agenda with a slew of new taxes. (OK, maybe AP didn’t call it a socialist agenda, but we can only assumee that was an oversight).
The list of options being weighed by the tax-writing House Ways and Means Committee, and obtained Thursday by The Associated Press, aims to raise some $600 billion over 10 years to partially pay for President Barack Obama’s goal of overhauling the nation’s health care system to tame costs and cover the 50 million uninsured.
The final price tag for that effort could top $1 trillion, with cuts to Medicare and Medicaid covering the rest of the cost.
The tax options include:
– Increasing the price of soda and other sugary drinks by 10 cents a can.
– Applying a potential 2 percent income tax increase to single taxpayers earning more than $200,000 a year and households earning more than $250,000.
– A new employer payroll tax could target 3 percent of employers’ health care expenditures.
– Taxing employer-provided health insurance benefits above certain levels – a less likely option but one that still is in the running.
To paraphrase George Harrison, “If you drive a car, I’ll tax the street. If you try to sit, I’ll tax your seat. If you get to cold, I’ll tax the heat. If you take a walk, I’ll tax your feet. ‘Cause I’m Obama. Yeah, I’m Obama.”
Source: The Associated Press
This post was last modified on October 18, 2023
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$250,000? I thought it was $150,000. No wait.. wasn't it also $200,000? Or was it $175,000?
Throughout his campaign, he had NO set income on which he wouldn't tax. He was changing it along the way in every other speech. THAT'S the change we're supposed to believe in!