The rest here.
<snip> The real key to Obama's victory a year ago – indeed his "signature" issue – was his promise not to raise taxes on the middle class.
"You will not see any of your taxes increase one single dime," Obama promised tens of millions of Americans making $250,000 or less. In fact, candidate Obama promised the middle class billions of dollars in tax cuts, part of his whole "spread the wealth around" plan.
"If you're a family that's making $250,000 a year or less, you will see no increase in your taxes," Obama promised. "Not your income tax, not your payroll tax, not your personal gains tax, not any of your taxes."
Never mind the fact that Obama's plan would have hit income and payroll providers especially hard, rendering "middle class tax relief" irrelevant to the millions of workers heading toward already-crowded unemployment lines.
No matter how you look at it, though, what a difference a year makes.
As an unprecedented string of multibillion-dollar government bailouts and a viral explosion of new discretionary spending continues to wreak havoc on the deficit, does it really surprise anyone to learn that Obama's "middle class tax cut" was the very first thing to wind up on the cutting room floor?
Of course not. "Class warfare" may have succeeded in getting Obama elected, but it cannot pay for the political promises Obama has made with our borrowed billions. <snip>
<snip> The real key to Obama's victory a year ago – indeed his "signature" issue – was his promise not to raise taxes on the middle class.
"You will not see any of your taxes increase one single dime," Obama promised tens of millions of Americans making $250,000 or less. In fact, candidate Obama promised the middle class billions of dollars in tax cuts, part of his whole "spread the wealth around" plan.
"If you're a family that's making $250,000 a year or less, you will see no increase in your taxes," Obama promised. "Not your income tax, not your payroll tax, not your personal gains tax, not any of your taxes."
Never mind the fact that Obama's plan would have hit income and payroll providers especially hard, rendering "middle class tax relief" irrelevant to the millions of workers heading toward already-crowded unemployment lines.
No matter how you look at it, though, what a difference a year makes.
As an unprecedented string of multibillion-dollar government bailouts and a viral explosion of new discretionary spending continues to wreak havoc on the deficit, does it really surprise anyone to learn that Obama's "middle class tax cut" was the very first thing to wind up on the cutting room floor?
Of course not. "Class warfare" may have succeeded in getting Obama elected, but it cannot pay for the political promises Obama has made with our borrowed billions. <snip>
