Thursday, June 4, 2009

"Read My Lips. I Lied"

Back in February, President Obama made this simple pledge to Congress, "If your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime."

That was probably before he realized how much money the government was spending on bailing out the auto and financial sectors, and how much cap-and-trade, health care reform, and entitlements would cost. Health care alone is supposed to run 1.2-1.5 trillion dollars.

Maybe he really meant meant (but did not say) "income taxes", because there is a whole host of new taxes being discussed in Washington DC these days, including:

-- An additional payroll tax on the value of your employer supplied health benefits.

-- A national sales tax on soda.

-- A larger national beer and spirits tax

--Whatever extra we pay in our energy bills for cap-and-trade.

I guess 'change you can believe in' refers to what's left in your paycheck after the government gets through taking its fair share.


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