Friday, February 11, 2011

Blatantly False

The claim that he did not raise taxes is "blatantly false".

He initially said that “I didn’t raise taxes once”.  Then again saying, “I didn't raise taxes once; I lowered taxes over the last two years.”

Americans for Tax Reform clearly outline the new taxes:

- Individual Mandate Excise Tax
- Employer Mandate Excise Tax
- Small business 1099-MISC Information Reporting
- Surtax on Investment Income
Excise Tax on Comprehensive Health Insurance Plans
- Hike in Medicare Payroll Tax
- Medicine Cabinet Tax
- HSA Withdrawal Tax Hike
- Flexible Spending Account Cap – aka “Special Needs Kids Tax”
- Tax on Medical Device Manufacturers
- "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI
- Tax on Indoor Tanning Services
- Elimination of tax deduction for employer-provided retirement Rx drug coverage
- Blue Cross/Blue Shield Tax Hike
- Excise Tax on Charitable Hospitals
- Tax on Innovator Drug Companies
- Tax on Health Insurers 
- Biofuel “black liquor” tax hike
- Codification of the “economic substance doctrine”

- The President's entire claim of being a net tax-cutter rests merely upon the temporary tax relief he has signed into law.  The tax increases he has signed into law have invariably been  permanent.  In fact, he signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts.

- Over 90% of the dollar value of the tax cuts he signed into law are only temporary.

- 100% of the tax increases he signed into law are, however, permanent.

- Permanent changes to tax law signed by the President amount to a net tax hike of $618.7 billion.

Is he knowingly lying?  Or does he really not know and is merely repeating what he is told to say?  Either scenario is embarrassing and unacceptable.


The Lonely Conservative said...

Yeah, pretty much everything he says is a lie.

Bella Holmes said...

It would much better if they would lower the tax for the benefits of the people. Lower taxes is the great news for everybody.

Tax Relief Attorney

mortgage lead said...

He is not lying about the taxes. He merely does not know what he is talking about. That's what makes everything scarier.

Post a Comment