President Obama stated that those earning under $250,000 would not pay a dime more in taxes. The fact is, he plans to increase taxes on individuals by taxing companies. While individuals wouldn’t see an increase in their income taxes, they’ll see an increase in the prices they pay for goods and services due to the additional taxes levied on the companies that provide them.
This is a diabolical plan that allows him to raise taxes without seeming to do so and use class warfare to blame “greedy” companies for gouging Americans.
The “global warming” Cap and Trade Bill is just the tip of the iceberg. The American Conservative Union recently reported the tax on energy companies this bill proposes would increase the average American family’s electric bill by up to $3,000 per year.
Despite his highminded campaign promises, President Obama has no intention of being transparent. Because if the details are known, it wouldn’t be supported. How many people do you know who want to pay more for their electric bill?
Look for this deceitful behavior in other areas. We have already seen him sneak billions of dollars into the budget bill for a government health care program for which there are few details. This is the same bill that had to be passed “overnight” and never posted online for 48 hours as Candidate Obama promised.
In 2010 you can stop the spending and socialism by throwing out the president’s Democratic supporters in Congress. Conrad Quagliaroli Woodstock, Georgia