Barack Obama continues to say he wants to reduce the deficit while continuing to do nothing but increase it. Yet no one in the media questions him except for one cable network.
Obama campaigned on more taxes for millionaires and billionaires. In his negotiations with House Speaker John Boehner he sought additional taxes on those making $250,000 or more. Since when is someone making $250,000 considered a millionaire? They settled for extra taxes on those making $450,000 instead.
I still don’t understand how someone making $450,000 fits Obama’s campaign rhetoric of more taxes only on millionaires and billionaires.
All these new taxes on “millionaires and billionaires,” he said, would go directly to reducing the deficit. It does no such thing; it actually increases the deficit by $4 trillion. That is straight from the Congressional Budget Office.
Obama raised taxes on everyone on Jan. 1, but most didn’t think it would happen to them. Take a look at your last pay stub in December and your first one in January. By government standards you have become “rich.” Has socialism arrived?