Monday, September 12, 2011

Great News: Son of Stimulus To Be Paid for In Tax Hikes Over Ten Years

The so-called wealthy are now defined as making over $200,000. So much for millionaires and billionaires.
President Barack Obama is proposing a series of tax increases, mainly on the wealthy, to help cover the cost of a $447 billion economic stimulus proposal, budget chief Jack Lew said on Monday.

Lew said Obama's plan would raise $400 billion over 10 years by placing new limits on itemized deductions for individuals making more than $200,000 a year and families earning more than $250,000.
So you'll get socked twice. When this new tax goes into effect and then when the Bush tax cuts expire. That'll do wonders for job creation. But wait, there's good news, according to Reuters.
The rest of the $467 billion in savings would come from raising a smattering of other taxes, including those on corporate jet owners and the oil and gas industry.
Savings? Uh, what savings? This clown wants to spend $467 billion more than we have. Where is the savings in that?

I saw a story making the rounds last week saying this corporate jet tax was going away. So much for that, I guess.


OxyCon said...

Didn't Obama promise not to tax anyone who makes less than $250,000 during the 2008 election?

Richard Butler said...

$200,000.00? That figure probably covers most of the small businesses in America. Will this man's lies ever stop. He isn't even bothering to try and hide his BS anymore. Thanks again dems for dropping this pantload from Kenya on our country. Genius, pure genius.

I wonder if Omama has ever even balanced his checkbook. Oh, I know, Moochelle does that.

Richard Butler said...

"Son of Stimulus" Bwaahaahaahaaa...

I was thinking more along the lines of calling it "Stimulus: Part Douche"

laZrtx said...

If you can read this your too rich and need your taxes raised Democrat stimulus test.

laZrtx said...

Balanced on her middle finger.