More Tax Hikes On Persons Earning Under $200,000


Posted by Tim Andrews on Wednesday, April 14th, 2010, 4:17 PM PERMALINK

On numerous occasions we've pointed out how President Obama's pledge not to raise taxes on person's earning under $250,000 was, to use a subtle and technical term, a total, absolute, and utter, lie

Of course, continuing to make Orwell proud,  on Saturday Obama said that he kept his promise not to tax families making less than $250,000 per year. So it was nice to see the  Joint Committee on Taxation say yesterday that this was... how do I put it... a lie. 

As The Hill reports:

Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper...Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.
Working families will suffer, the economy will continue to stagnate, and our President will continue to say the exact opposite of what he is doing.
 
George Orwell eat your heart out. 

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