O’s idea of the middle class isn’t the traditional one.
It’s people just barely above complete government teat-suck.
It’s not a notion of independence and being a bit ahead of the game through effort.
Look at his college initiative: steal from savings plans to fund (and unionize later) community colleges, many of which are remedial.
That’s confusing “college” with “education” the same way he confuses “insurance” with “health care.”
This pisses me off. We have one for each of our three (six, three, and 15 months), and now I will be punished for planning ahead. Additionally, this opens the floodgates.
Hey, at least the first 2 years of community college will be FREE!
In Obama’s world, there are simply two sides - those inside the Progressive/Socialist tent, and within the grasp of the leviathan, and those outside of it, who are enemies.
If it happens, the Repulsicans can kiss their Bohenead and McDorkell infected *sses goodby.
Forever.
This is all political theater. He knows full well none of this has a prayer of going anywhere, which is exactly what he wants. He needs a scapegoat to sell to the public.
"I tried to get this tax increase passed to help out the middle class folks, but the evil Republicans wouldn't work with me", etc.
Nobody sucks like Obunghole. I wish him every possible misfortune.
Top Medicare tax went from 1.45% to 2.35%
Top Income tax bracket went from 35% to 39.6%
Top Income payroll tax went from 37.4% to 52.2%
Capital Gains tax went from 15% to 28%
Dividends tax went from 15% to 39.6%
Estate tax went from 0% to 55%
How about telling me about reduced spending instead, so I get to spend some of MY money instead of you jerks taking it to give free cell phones to deadbeats to buy some votes!
Most people won't even hear or know about this scheme. They won't tune in tonight and listen to this jug ears spout his marxist ideology prettied up with sprinkles and pixie dust and it will quickly fade into nothingness, along with Obama.
Trial run for 401K’s and IRA’s.
Remember, as stated here on FreeRepublic, giving you a tax break is the same as giving you a welfare check!
But this is why I don’t have one of those funds for my kids. To much can happen.
That’s to pay for the “free” community college tuition.
This is going to happen to Roth IRA’s also. Take the savings now, so you know that you will get it.
It’s okay, though, if taxes eat up the college fund your kids can always attend the “free” community college...
Oh, come on, if college is free, why would you need tax breaks on this savings account? You’re obviously hoarding money that should have already gone to the government and could have been used to pay for health care and college, so it’s about time you pay your fair share... /end liberal thinking.
/start conservative thinking - I just got screwed by Obama yet again.
ROTH IRA’s can’t be far behind...
More and more arguments for the Fair Tax model.
Get out of the income tax business. Consumption taxation makes more sense, and costs less to administer.