President Obama called for a tax hike on America’s job creators or those making more than $250,000 per year today while offering to extend the Bush-era tax cuts for the middle class for just one year. Obama said we don’t need anymore “top down economics, we’ve tried that theory,” while pushing a the same “rich should pay their fair share” theme wrapped up in different rhetoric.
Obama failed to mention he has already broken his 2008 campaign promise of not raising taxes on the middle class by increasing taxes on those making less than $250,000 through the following:
-Obamacare individual mandate tax
-Cigarettes ($6.20 per carton)
-Indoor tanning (10%)
-Special needs tuition
-Catastrophic medicinal expenses