I can’t count how many times President Barack Hussein Obama promised the American people that he would not raise taxes on middle and lower income people. He claimed to make the wealthy foot the bill for his spendthrift ways. Poor blacks and Hispanics fell for his lie and voted him into office twice.
Obamacare alone had twenty different taxes concealed in it, many that would have a direct impact on middle and lower class Americans along with seniors. For example, it imposes a 2.3% tax on medical devices before they leave the factory and that extra cost will be passed down to consumers, especially seniors. Medicare payroll taxes withheld jumped from 2.9% to 3.8%. The medical itemized deductions allowed for income taxes were raised from 7.5% to 10% of the adjusted gross income and the list goes on.
But this is just a small drop in the bucket compared to the total number of tax increases that Obama has proposed since taking office in January 2009. According to Americans for Tax Reform, Obama has proposed a total of 442 tax increases to date:
“The number of proposed tax increases per year is as follows:
-79 tax increases for FY 2010
-52 tax increases for FY 2011
-47 tax increases for FY 2012
-34 tax increases for FY 2013
-137 tax increases for FY 2014
-93 tax increases for FY 2015”
Note that the taxes listed for each year were actually proposed by Obama the year before as part of his budget proposals. That means that in 2012, election year, he proposed the fewest tax increases, but after winning re-election he proposed more taxes than any other year.
Obama got off to a flying start with his tax increases as he signed his first tax increase, on tobacco, on his sixteenth day of his first term.
I’m not laying the blame on just Obama. All tax generating bills must originate in the House. Then they must be approved by the Senate before the president can sign it into law. For the first two years of Obama’s presidency, Democrats had control of both the House and the Senate. In 2010, Republicans gained control of the House and had the ability to stop Obama’s proposed tax increases, but with Boehner’s constant compromises, the House has been giving in to Obama.
Since he doesn’t have to worry about being re-elected, he can propose as many tax increases as he wants and Boehner will continue to give Obama what he demands and the American people will get gouged deeper and deeper, but hey, someone has to pay for his many multi-million dollar vacations.