While Obama is prosecuting a flaccid war overseas and apologizing for our troops when they defend against Taliban attacks, he is fighting a no-holds-barred class war at home. Once again, Obama has announced that he will orchestrate the largest tax hike in American history on those earning more than $200,000. After all, taxing the rich is a great way to raise revenue; it worked so well in Maryland. Oh, wait.
But fear not, he will renew the Bush tax cuts on those earning under $200,000, while repackaging them as his own tax cuts.
There’s one problem with Obama’s assertion that he hasn’t raised taxes on the middle class. YOU LIE! Government regulations and interventions that Obama supports will raise the cost of living on the middle class for the most vital goods and services. Those higher costs will trump any savings they actualize as a result of the tax cut extension. Oh, and there’s one other problem. He’s forgetting about the massive tax increase on all those who don’t purchase government-approved health insurance.
In that vein, let’s review some of the hidden [or not so hidden] tax increases on the “middle class” that Obama has orchestrated:
Health, food, transportation, fuel, and electricity are among the most vital needs for everyone, and they account for a large portion of the budget for those whom Obama claims to be waging a war on their behalf. And this guy has the impertinence to claim he cut taxes for the middle class?
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