Sunday, May 16, 2010

Read Obama's Lips: 'No Tax Increases on Middle Class'


"Remember President Obama’s supposedly inviolable pledge—repeatedly uttered during the 2008 campaign and at countless town meetings since the inauguration—that he would never raise taxes on middle-class citizens who earn $250,000 a year or less?

"This morning at a Manhattan breakfast sponsored by Thomson Reuters, White House Budget Director Peter Orszag threw that pledge out the window. Instead, he described Obama’s “read my lips, no new taxes” pledge as a “stance” and a “preferencethat is subject to study by the president’s newly-formed bipartisan Commission on Fiscal Responsibility." [Emphasis in original.]

In other words, "bend over, America!" This should come as no surprise. Obama already broke that pledge when he jacked up federal taxes on a pack of smokes (which disproportionately affected the poor and middle class). Also, the cost of every new tax and regulation on businesses and rich folk is ultimately borne by consumers, i.e. mostly the middle class.

At least now it appears the Obama administration is getting ready to steal out of the middle classes front pockets rather than their back pocket. Who says integrity is dead in Washington?

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