Barack Obama refuses to rule out middle class tax hikes

  “I can make a firm pledge under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”

Barack Obama on the campaign trail

  Barack Obama repeatedly made the promise above to middle class Americans while on the campaign trail. He promised that middle class Americans would not see any of their taxes increased even a dime. He has already broken that promise when he signed a bill that increased the federal tax on cigarettes and now comes the news that Barack Obama is not ruling out a tax increase on families making under $250,000 a year.

  He made this admission during an interview when he claimed that he would remain “agnostic” on proposals for tax increases to solve the budget deficit. This is an admission that he has not ruled out taxes on families making under $250,000, a blatant about face on one of his most infamous campaign promises.

  He refuses to admit that his administration has spent too much money, claiming that there is an income problem in the federal government rather than a spending problem.

Our real problem is not the spike in spending last year, or the lost, even the lost revenues last year, as significant as those are. The real problem has to do with the fact that there is a just a mismatch between the amount of money coming in and the amount of money going out

  If you are spending more money than you are taking in, that constitutes a spending problem does it not? If a family is spending more money than they earn it is because they have a spending problem and they make the proper budget adjustments to curb their spending. This is not so with the government; if the government spends too much money they have an easy way out of it without cutting spending. They do what working class families cannot, they raise their revenues. They raise taxes.

  Many of us realized during the campaign that Barack Obama’s numbers did not add up, and he has spent even more money than most of us thought he would. There was no way he could raise and spend the money on the programs that he promised by simply raising taxes on the rich. More money had to come from somewhere else and now he has admitted that that money may have to come from Americans who are working hard and just barely scraping by.

  People who tried to bring to light the fact that Barack Obama was eventually going to raise taxes on the middle class were accused of fear mongering and distorting the truth. But the admission by Barack Obama that he has not ruled out middle class tax hikes is proof that we were right all along.

  I hate to say I told you so, and I wish I was wrong, but I did and I wasn’t.