Business Week magazine has published an interview with President Obama in which he makes misleading claims about his tax policies.
OBAMA CLAIM: “I haven’t signed a bill that’s raised taxes yet.”
FACT: Just 16 days into his Presidency, Barack Obama broke his central campaign promise not to raise any tax on those making under $250,000 a year.
OBAMA CLAIM: “I haven’t signed a bill that’s raised taxes yet.”
FACT: Just 16 days into his Presidency, Barack Obama broke his central campaign promise not to raise any tax on those making under $250,000 a year.
On February 4, 2009, President Obama signed a 156 percent increase in the federal excise tax on tobacco into law. The hike of 61 cents per pack, took effect on April 1.
OBAMA CLAIM: “To the extent that we have put in place policies, they’ve all been directed at helping businesses.”
FACT: The President has championed:
OBAMA CLAIM: “To the extent that we have put in place policies, they’ve all been directed at helping businesses.”
FACT: The President has championed:
– Double-taxation of U.S. firms with subsidiaries abroad: As Microsoft CEO Steve Ballmer said, Obama’s double-tax proposal will cause the company to move jobs out of the U.S.: “It makes U.S. jobs more expensive…we’re better off taking lots of people and moving them out of the U.S.”
– “Cap-and-trade” legislation: Obama supporter Warren Buffet called “cap-and-trade”, “A huge tax, and there’s no sense calling it anything else.”
– Health care taxes: President Obama has championed legislation that calls for new taxes on small businesses.
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