Obama Already Breaking His Promise On Tax Hikes

kxmb ^ | Feb 26 2009 12:00AM

[LenS]

Just losing the 10% bracket adds about $375 to everyone’s tax bill (5% of $7,500). For a single person (without kids), in the low 20’s, that probably represents more than a week’s take home pay.

[Joan Kerrey]

And, the remaining manufacturing-type businesses will just plan to close shop and move overseas.
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The smart ones have already done so or are in the planning stages now before a huge penalty is invented to punish businesses for moving. My hubby’s company is just planning to close. They’re ready to throw in the towel. It’s hard enough to run a business playing by the rules.
Add a mentality of punishing business and the trend to paint business as the greedy bad guys, it just isn’t worth it. Government, unions or lawyers or all together will win, the country will lose. That’s guaranteed from what is already happening.

[AndrewB]

"Obama said that people making under $250,000 wouldn’t pay a single penny in additional federal taxes"

Lies! All lies! Here's what he really said:

"...if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime."

Not a penny; a dime. And it will be way more than a "single" dime.

[colorado tanker]

True, and it will be a regressive tax increase. They can't admit it as they'd admit to lying for eight years, but the truth is the Bush cuts trimmed the margins in the lower brackets more than the top brackets. So, the lower margins will be going up more than the top margins.

They sure are for the little guy, all right. Provided that little guy pays no taxes at all.

[Sir Gawain]

Sorry can’t show my hands I’m busy reloading.

[steelyourfaith]

 

Beam me to Planet Gore !