As we heard many times on the campaign trail: "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, 9/12/08
Well, he has already broken that promise: "Today, on the sixteenth day of his presidency, Barack Obama broke one of the central promises of his candidacy: No American earning under $250,000 per year would face any form of tax increase under his administration. By signing the S-CHIP legislation today, Obama has now broken his oft-repeated promise. Obama's signature puts into effect a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack." - Americans for Tax Reform, 2/4/09
So unless no one making under $250,000 a year smokes (and we all not that isn't the case, quite the opposite), he just raised taxes on millions of people as stated above by 156%! And who will this hurt the most? Oh yeah...the poor! However, I'm sure you didn't hear any of that in the MSM...just like you didn't hear about the very successful election in Iraq this past weekend...yep...that's right...they had another election...and this time all parties, Sunnis, Shia, and Kurds participated to the praises of the international community for a fair run campaign.
HapTip: Muth's Truths