Obama “no family making under $250K a year will see any form of tax increase”

Just another Promise to get elected. But where are the Fact checkers? *Crickets*

Obama_tax_pledgeHere we go again folks, the Obama lies continue to flow.  Remember when he said this?  “I can make a firm pledge.  Under my plan no family making under $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains, not any of your taxes.”  Really.  Then how is it that this week when people got their payroll checks they were a little thinner than they were in 2012?  I’m not talking about the “evil rich”, but the average everyday worker.

With the expiration of the payroll tax cut, Americans just saw a 2% bite taken out of their checks.  Beginning in 2009, Congress cut the payroll tax in order to put more money into people’s pockets.  The tax was reduced from 6.2% to 4.2%, but now that tax rate has bounced back to 6.2% for good.  This means that the average worker who earns about $50,000 a year will see around an $80 a month bite out of their earnings or about $1000 a year.

Of course the White House is spinning like a top over this.  They are playing the usual sleight of hand and word parsing exercises that they always do.  “It’s not REALLY a tax increase; it was scheduled to happen anyway.  Besides, it was only TEMPORARY to begin with.”  Now we all know what happens when you give something to someone and then take it away.  They aren’t going to be very happy about it.  Just look at what happens when cutting entitlements is mentioned.

So, Middle Class, you’ve been conned once again.  How many times will you fall for the same old lies, the same old promises and then get punched in the gut when you open your paycheck and see more of your money being stolen?

Read More

About the Author

Politisite delivers the latest Breaking Political News, Debate Coverage, Election Results, Commentary and Analysis. We provide in-depth news with special reports and interactive political coverage. Politisite was a pioneer in internet political news gathering and dissemination. Politisite came live in early 1998 and become the first internet only news source to cover local, state, and national political campaigns, debates and elections. Before there were the terms Blog, Blogger, New Media, or Crowd-sourcing, Politisite was developing what has become the standard in political news coverage, long before most political sites were even conceived. The Name ‘Politisite” simply means Political Website.

Author Archive Page