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.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.
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.
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.
5 comments:
Didn't Obama promise not to tax anyone who makes less than $250,000 during the 2008 election?
$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.
"Son of Stimulus" Bwaahaahaahaaa...
I was thinking more along the lines of calling it "Stimulus: Part Douche"
If you can read this your too rich and need your taxes raised Democrat stimulus test.
Balanced on her middle finger.
Post a Comment