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Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
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That $40 bucks a month he started swiping from your pocket in January? It's merely the beginning. Open your wallets kids, because Barack Obama is coming for your money.
President Barack Obama rarely misses a chance to call on upper-income Americans to pay more taxes.
But his annual budget is doing more to target middle-class taxpayers than any of his previous proposals, calling for caps on deductions, changes in the way some tax benefits are calculated and a big hike in cigarette taxes — all proposals that would make middle-class Americans pay more.
"It's a new paradigm," said Bob Williams, a senior fellow at the nonpartisan Tax Policy Center. This is the first budget he's presented that has proposed raising taxes on people below the $250,000 thresholds he's maintained over the past five years."
It also has some Democrats worried, especially those who represent districts where their constituents make a good salary but don't see themselves as rich stand to get hit.
"It's a concern," Rep. Allyson Schwartz, a Pennsylvania Democrat who represents some of Philadelphia's suburbs, told POLITICO in reference to Obama's proposed deduction cap. For many people, the mortgage tax deduction is your biggest deduction. It's very significant. And just as the housing market is coming back, there's a question about the timing of that."
What's funny is that the story is from Politico, a "news" organization which up to now has never missed a chance to cheerlead for Obama and the Democrats. But it's OK, he's safely re-elected, so a few well-rehearsed potshots will surely re-establish their credibility with all you low-information voters, right?
And if these new taxes start to hurt the middle class? They'll just blame it on Republicans. Again.
My job will be to remind you folks of who really screwed you over.
Do you claim the Earned Income Tax Credit? You'll get a smaller check this year. Smoke cigarettes or drink flavored vodka? The tax man wants a few more bucks from you. Deduct your mortgage interest or property taxes? Sorry, those deductions will be severely limited now.
Pay up suckaz. You voted for this clown. You deserve all the misery your Dear
Leader can dish out.
Posted at 09:26 by Chris Wysocki
[/obama_watch]
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