Obama Budget Hikes Taxes on "Earners at Nearly Every Income Level"

J

Justin Time

Verified User
This was Obama when he was running for re-election and was promising the takers everything they wanted




Now this is what Obama wants in his budget and Dems are already wanting a trillion dollars in more taxes


"I can make this firm pledge. Under my plan, no family making less than $250,000 per 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."


Obama has already violated this vow on numerous occasions, especially through Obamacare and its central mandate tax. According to a new nonpartisan analysis, the president's FY 2014 budget would drive another stake through the heart of his "firm pledge" to middle class voters:


President Obama’s budget would raise taxes mainly on people earning more than $200,000 a year, although earners at nearly every income level would face a somewhat higher tax burden, according to a new nonpartisan analysis. The study by the Tax Policy Center finds that in 2015, 86 percent of the increase in taxes would be borne by people earning $200,000 or more a year. That would largely be a result of dramatically scaling back tax breaks that disproportionately benefit the wealthy and establishing a minimum level of taxation for people who earn $1 million a year. But the study also finds that some Americans of more modest backgrounds would face more taxes...The increase in taxes on middle-class earners is notable because both political parties have said that they do not want to raise taxes on people earning less than $200,000 a year. The president’s budget was released this month but is not expected to be taken up by Congress anytime soon. “We knew the president wanted to raise additional revenue focused on high-income folks,” said Donald Marron, director of the Tax Policy Center. “The old idea of not raising taxes on people earning below $200,000 and $250,000 seems to have gone away.”


Now that Obama has been re-elected, he no longer has to worry about the prospect of facing voters. This affords him the luxury of enjoying the post-election "flexibility" he's touted in the past -- and on which he's followed through. In addition to an abstruse shift in tax formulas affecting personal exemptions and the standard deduction, the bulk of Obama's proposed lower-income tax increase comes in the form of new tobacco taxes, which we've discussed previously. This is a sharply regressive tax that disproportionately affects the poor. The administration claims the tax's receipts would simultaneously discourage people from smoking and provide a viable long-term funding mechanism for a federal universal pre-K program. Policy analysts on both sides of the spectrum have concluded that the math won't work. This new levy comes in addition to Obama's 2009 cigarette tax. His overall FY '14 tax hike package is layered on top of $1.6 trillion in previous tax increases he's already imposed. Obama's budget calls for approximately $1.1 trillion in new taxes, nearly double the amount that the White House has stated publicly. Obama's desired tax hikes on the lower and middle class appear to be a baby step toward the fiscal scenario articulated by former DNC Chairman Howard Dean: Significantly higher taxes for everyone, to partially keep pace with runaway Washington spending.


http://townhall.com/tipsheet/guyben...udget-hikes-taxes-on-the-nonrich-too-n1576153
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I do hope those who voted for Obama feel these tax increases as well as increased cost of nearly everything they buy.

But alas, they will probably blame the "rich" Republicans, Big Business, and of course - Pres Bush - and not the person who deserves the blame

Their guy Obama
 
Justin Time said:
This was Obama when he was running for re-election and was promising the takers everything they wanted




Now this is what Obama wants in his budget and Dems are already wanting a trillion dollars in more taxes






I do hope those who voted for Obama feel these tax increases as well as increased cost of nearly everything they buy.

But alas, they will probably blame the "rich" Republicans, Big Business, and of course - Pres Bush - and not the person who deserves the blame

Their guy Obama
Click to expand...

Hey...someone has to pay for the world of shit Republican Policy has gotten us into. Obama tried to get our wealthiest to pay 4% more so that it wouldn't hit the middle class so hard, but the right wing extremist pundits used the words "Socialism" and "Freedom" on a continual basis and dumb asses like you bought it...not only did you buy it, you swallowed it whole...without a second of critical thinking.

So hey....YOU'RE the ones that bastardized the Republican Party with a bunch of new age John Birchers, YOU'RE the ones that started calling reasonable members of your party RINO's, and now this is the result of your own idiocy.

Congratulations...you just gave more money and power to our wealthiest and fucked the rest of us over.

All in the Beckian/Limbaughese translation of the word Freedom....which apparently means the wealthy have the FREEDOM to do whatever the hell they want and the rest of the country has to pick up the tab.

BTW....what happens when people buy a lot of something? Like oil, gold, food, etc? The price goes up. After the bullshit gambling casino crashed in 2008, people started buying commodities instead of investing in the Wall Street Keno game, which happens often in an economic downturn...if you want to know why prices are going up, look no further than that....they want prices to go up. Then when they think it's peaked, they'll sell.
 
Steelplate said:
Hey...someone has to pay for the world of shit Republican Policy has gotten us into. Obama tried to get our wealthiest to pay 4% more so that it wouldn't hit the middle class so hard, but the right wing extremist pundits used the words "Socialism" and "Freedom" on a continual basis and dumb asses like you bought it...not only did you buy it, you swallowed it whole...without a second of critical thinking.

So hey....YOU'RE the ones that bastardized the Republican Party with a bunch of new age John Birchers, YOU'RE the ones that started calling reasonable members of your party RINO's, and now this is the result of your own idiocy.

Congratulations...you just gave more money and power to our wealthiest and fucked the rest of us over.

All in the Beckian/Limbaughese translation of the word Freedom....which apparently means the wealthy have the FREEDOM to do whatever the hell they want and the rest of the country has to pick up the tab.

BTW....what happens when people buy a lot of something? Like oil, gold, food, etc? The price goes up. After the bullshit gambling casino crashed in 2008, people started buying commodities instead of investing in the Wall Street Keno game, which happens often in an economic downturn...if you want to know why prices are going up, look no further than that....they want prices to go up. Then when they think it's peaked, they'll sell.
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Democrats and Obama had unchecked and total control of DC for the first two years. Obama got his "stimulus". His "Cash for Clunkers" His Obamacare. He got anything he wanted as R's could do NOTHING to stop or block what Harry Reid and Pelosi brought to the floor

Yet, Obama's gullible supporters turn a blind eye to his failed economic policies

Obama has gotten THREE tax increases this year alone. He got his tak hike on the rich; the payroll tax holiday was reinstated, and SOME the tax increases in Obamacare kicked in

Yet Obama does not talk about cutting the spending only raising taxes

So what if the top 1% pay 40% of all the Federal Income taxes collected? That is not enough for the left

Obama is screwing the middle class but many on the left are to blinded by their class warfare hate to see the truth
 
Howey said:
Lockstep teabagging mimicry.

Love it!
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Yea, wanting to cut spending like this is unforgivable to those on left

If you are a federal worker on furlough this week — or an airline passenger delayed by federal furloughs — you might save your blood pressure, and go read another story.


This one is about all the money the U.S. government spends on . . . nothing.

It is one of the oddest spending habits in Washington: This year, the government will spend at least $890,000 on service fees for bank accounts that are empty. At last count, Uncle Sam has 13,712 such accounts with a balance of zero.


They are supposed to be closed. But nobody has done the paperwork yet.


So even as the sequester budget cuts have begun idling workers and frustrating travelers, the government is required to pay $65 per year, per account to keep them on the books.


In this time of austerity, the accounts are a reminder of something that makes austerity hard: expensive habits, built into the bureaucracy in times of plenty. The Obama administration has spent the past year trying to close these accounts with only some success.


http://www.washingtonpost.com/polit...700728-ac3b-11e2-8559-85e32b44d524_story.html
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or this pure waste

Congressional frustration may be warranted. The federal government owns or leases between 55,000 and 77,000 vacant properties. But it's impossible to tell exactly how many. No precise inventory has been kept.


Selling them off, though, could save taxpayers between $3 billion and $8 billion a year, according to various analysts. That's nothing to scoff at as the government grapples with a mounting debt and sequester-tied spending cuts.


"These properties could be used first to consolidate agencies that now are in leased buildings," D.C. Delegate Eleanor Holmes Norton told Fox News.

http://www.foxnews.com/politics/201...rty-costing-taxpayers-billions/#ixzz2OsmN9yKX
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and this


As budget sequestration continues to level strain and uncertainty on the men and women of our nation’s armed forces, and as we draw closer to the ‘devastating’ effects on our military readiness as foreseen by our former Secretary of Defense, Members of Congress have an even more profound responsibility to account for every taxpayer dollar. Every dollar we waste through pork barrel spending today is a dollar not spent to support our troops and preserve our nation’s security.

“With this in mind, Senator Coburn and I last week made a standard request to be able to review for 72 hours the Continuing Resolution legislation coming before the Senate prior to moving forward and considering it on the Senate floor. Instead, we received the 587-page Continuing Resolution – which totals more than $1 trillion – at 9:00 p.m. last night, and the sponsors of the bill attempted to begin Senate consideration just hours later this afternoon – before anyone could have plausibly have read and considered the bill in its entirety.

“After reviewing this legislation for less than 24 hours, it is clear that our suspicions were well justified. The bill contains numerous examples of egregious pork barrel projects as well as hundreds of millions in spending that was never authorized by the appropriate Committee and not requested by the Administration.

“This is a preliminary, partial list of questionable spending that we have identified in the bill so far:


•Provides $65 million for Pacific Coast salmon restoration for states including Nevada, a program that even President Obama mocked in his 2011 State of the Union address.



•Directs the Department of Defense to overpay on contracts by an additional 5 percent (totaling $15 million) to contractors who are Native Hawaiian-owned companies.



•Provides $154 million for Army, Navy and Air Force ‘alternative energy research’ initiatives, the most recent notorious example of which was paying $26 per gallon for 450,000 gallons of alternative fuel.



•Provides $15 million for the Civil Air Patrol above the amount authorized by the FY 2013 National Defense Authorization bill, paid for by cutting the Air Force’s Operations and Maintenance funding. This is just two days after the Air Force announced that it will reduce pilots’ flying hours by 18 percent because of cuts to its Operations and Maintenance budget.



•Prohibits the retirement of the C-23 Sherpa aircraft, which the Army has asked to retire and which both the Army and Air Force no longer want or need. Last year, Congress granted the Army authority to give these aircraft to any state governor who wanted them and no one took them up on it, now we are preventing the Army from retiring them.



•Directly contravenes the FY 2013 National Defense Authorization bill by providing $120 million for civilian infrastructure in Guam, which both the House and Senate Armed Services Committees explicitly prohibited until a sufficient cost analysis of the proposed movement of troops from Okinawa to Guam is completed.



•Provides $14.7 million for the U.S. Department of Agriculture (USDA) Watershed Rehabilitation Program, which the Administration has suggested eliminating for years.



•Provides $993,000 in grants to dig private wells for private property owners.



•Provides $10 million for the USDA High Energy Cost Grants program that go to subsidize electricity bills in Alaska and Hawaii.



•Provides $5.9 million for USDA ‘Economic Impact Initiative’ grants, which have become slush funds for local governments to do such things as rehab an exercise room and buy kitchen equipment for city government offices.


“The American people deserve better than this. Our men and women in uniform – whose livelihoods are today threatened by sequestration – deserve far better than what they’re getting out of Washington. I look forward to offering amendments and debating these issues on the floor of the Senate this week.”
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Why should anyone or any company pay a penny more in taxes when the Feds are spending out tax money of garbage like this?

The NRCC is out with its new "waste list" which totals more than $18 billion. So what exactly is the government spending your money on? How about:
-$1 million on a fruit fly sexual attractiveness study
-$1.3 million for old fashioned x-rays of prisoners. x-rays of prisoners
-$1.5 million on designing a video game controller
-$100,000 on taxpayer funded comedy group tour in India
-$547,430 on a dancing robot that connects to an iPhone
-$25,000 funding a course about "How to be happy"
-$145,000 on a sculpture garden
-$25,000 on an Alabama Watermelon Queen tour
-$697,177 on a climate change musical
-$10,000 on talking urinal cakes (just in case the boys need some company or to prevent drunk driving)
-$35 million on an old fashioned trolly car
-$150,000 for a toy exhibit
-$320,000 for robot squirrels
-$1.4 billion in improper food stamps purchases which included alcohol, condoms, junk food and diapers
You can read the entire list here.
We can pay to study the sexual attractiveness of fruit flies and robot squirrels but by all means please, lets cut the working hours for Border Patrol to save some money.

http://townhall.com/tipsheet/katiep...ment-waste-and-use-of-taxpayer-money-n1551772
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Justin Time said:
Democrats and Obama had unchecked and total control of DC for the first two years. Obama got his "stimulus". His "Cash for Clunkers" His Obamacare. He got anything he wanted as R's could do NOTHING to stop or block what Harry Reid and Pelosi brought to the floor

Yet, Obama's gullible supporters turn a blind eye to his failed economic policies

Obama has gotten THREE tax increases this year alone. He got his tak hike on the rich; the payroll tax holiday was reinstated, and SOME the tax increases in Obamacare kicked in

Yet Obama does not talk about cutting the spending only raising taxes

So what if the top 1% pay 40% of all the Federal Income taxes collected? That is not enough for the left

Obama is screwing the middle class but many on the left are to blinded by their class warfare hate to see the truth
Click to expand...

Lies
 
evince said:
unchecked?

hahahahahahahahahahahahahahah


can you say filibuster?
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Yep....lies and misinformation.... that's what their handlers specialize in.

Didn't you just love the $890k open account paragraph?

Let's ask him this...

Why is it you're worried about that, but don't give a shit about subsidizing big businesses like Walmart, fast food outlets, and a host of other low wage employers?

How much in food stamps, subsidized housing and Medicaid do you think we could save if they paid a wage that didn't need subsidizing? But....but....the prices would go up!!!! Hey dumbass....add all that government ( read taxes) spending to your Walmart bill, and it's not all that great anyway.

Same with oil....economists figure we are paying between $10-15/ gallon of gas....when you add all the government dollars...a huge military to protect our interests over there, tax and other incentives and subsidies, corn subsidies (ethanol)...and a host of other shit that oil companies don't have to account for in their P/L statements...because the cost is Socialized across the Nation.

You're a dupe.
 
Yup almost five years in office and the nigger in the White House still doesn't take responsibility for shit. It is always everyone else's fault. Gotta love affirmative action
 
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