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February 8 2012

Read My Lips… Just Kidding!

Nicole Kurokawa Neily

The American people hate when Presidents break their promises on raising taxes <cough, George H.W. Bush, cough>

So why has President Obama been getting a free pass?

Americans for Tax Reform’s John Kartch writes in the Daily Caller:

On February 4, 2009… President Obama first broke his central campaign promise: a “firm pledge” that no American making less than $250,000 per year would see “any form of tax increase.” The promise was made repeatedly on the campaign trail by both Obama and running mate Joe Biden, who assured voters in a vice-presidential debate: “No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised, whether it’s their capital gains tax, their income tax, investment tax, any tax.”

This, of course, advances the Administration’s class warfare argument. Unfortunately, aside from being misguided, these “soak-the-rich” schemes have in many cases affected everyone.

ATR’s “Comprehensive List of Obama Tax Increases” notes 21 – TWENTY ONE! – tax increases that have been passed in the past three years, including a tanning tax, a tobacco tax, and a tax on over-the-counter prescriptions that used to be tax-free for people who used health savings accounts (HSAs) or flexible spending accounts (FSAs). Remember: in many cases, these taxes actually hurt the poor MORE than they do the rich, because the poor spend a higher percentage of their income on goods and services than the wealthy.

Recently, President Obama has been saying that that he “deserves” a second term. As we get closer to November, I hope voters remember the President’s broken promises… and hold him accountable for them.

Independent Women’s Forum’s mission is to improve the lives of Americans by increasing the number of women who value free markets and personal liberty. Sister organization of Independent Women’s Voice.
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