Tuesday, February 02, 2010

Obama's Backdoor Taxes

Reuters has since yanked the story, but fortunately, Dump the Democrats managed to snag an extended comment from it before its trip down the memory hole.

The point is that Barack Obama, who famously promised not to raise taxes on anyone making less than $250k per year, and the Democrats running Congress have loaded up on backdoor taxes on the middle class to pay for his budget-busting budget. This will largely be done by allowing the Bush tax cuts to expire. Our friend Dana at Common Sense Political Thought has chronicled how Obama is flatout lying when he says he won't raise taxes on middle class folk precisely because of this tax cut expiration. I fully expect Democrats to tapdance around this and argue that letting tax cuts expire isn't the same as raising taxes, but your wallet won't know the difference.

UPDATE: In support of free speech, the White House asked Reuters to pull the story.

Obama administration aides appealed to the Reuters White House reporting team to kill a story by another reporter of the news service that suggested the president's new budget blueprint included "backdoor" tax hikes.

Ahh, can you imagine the howls had George W. Bush leaned on a news outlet to quell a story?