Tuesday, April 20, 2010

Did Obama Raise Taxes for Those Making Over $250,000

I need to stress one important, but yet, one of the biggest lies Obama hasn’t let up. Obama’s audacity to live a lie and trying to convince himself that he kept his promise not to raise taxes on families making less than $250,000 needs to stop. If he keeps repeating this same statement over and over, Obama will believe it to be true.

I can remember the exact quote during the presidential campaign trail couple years ago. Obama said, "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."

We all know that the current policies set forth by the Obama Administration are a big tax increase and it will affect everyone. So, he did break his promise and his delusional rant is proven to be false. From the very first day he took office, Obama and the Democrat Majority passed $670 billion in tax increases. Of that, $320 billion will hit the middle class families. Did you know that the total spending by Obama in his first year in office is 25 percent of GDP? Did you know Obama’s tax increases will make every America pay an additional $2,100 of their hard earned income?

As Democrats spend like drunken sailors, it will mean we will continue to accrue a massive debt. Before Obama took office, it took a little over 200 years to accumulate $8.5 trillion debt. With Obama’s thirst to bailout the private sector, that national debt will soar to $20 trillion in 2020. That is an unsustainable path toward irreversible recovery.

Let me point out to Obama some significant information. Base on the NYT/CBS Poll, 52 percent of American believe Obama is taking us into full-out Socialism. 80 percent of those polled don’t trust Obama and the federal government. Also, one out of three American believe the Federal government is viable threat to us. Because we are fearful of the direction Obama is taking us, it gave birth to the Tea Party Movement. It doesn’t matter how the left wing Media belittles us, or calls us racist for not supporting Obama. This democratic society is run under mob rule. And by November, the voice of the American people will dictate where this country should follow.