Thursday, January 14, 2010

ObamaPoor

Barack Obama declared "let me perfectly clear...if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime."

He was right. He won't raise taxes by "one single dime". Instead, he will raise them by several thousand. Especially if so-called ObamaCare becomes law, as Michael F. Cannon points out: "Suppose you’re a family of four at or near the federal poverty level. Under current law, if you earn an additional dollar, you get to keep around 60-70 cents.Under the House and Senate health care bills, however, you would get to keep maybe 38 cents. Or 26 cents. Or maybe just 18 cents."



You may notice that both proposed bills impose the highest tax hikes on those making the least amount of money.

Meanwhile there are reports, denied by the AFL-CIO of course, that the massive union has struck a deal to that will exempt its employees from the so-called Cadillac tax on high end insurance plans. Now, why would that be a bad thing? Oh that's right: so unions and the government (but I repeat myself) can continue to bully and coerce companies into unionizing, which ultimately strips control of private companies out of the hands of its owners and into that of the government and union bosses. See General Motors for one, fairly prominent example.

Isn't it odd how everything coming out of Washington D.C. is designed to enact more control over individuals and corporations?

Is there anyone who still believes "health care reform" is actually about health care?

8 comments:

jk January 14, 2010 9:51 AM  

So who pays for this in the end? People with income that low don't usually end up with no tax liability, so where will the money come from?

jk January 14, 2010 9:51 AM  

Wow, nice double negative.

Should be "don't usually end up with any tax liability . . ."

Chris January 14, 2010 1:45 PM  

They'll only be taxed at the new rate for income above the poverty line. So there'll be tax revenue for whatever is taxable, but you'er right that it's pretty minimal.

Adam January 14, 2010 1:57 PM  

The point is not necessarily that this will be a HEAVY tax burden on low income earners, it's the idea that this tax will help KEEP the poor, poor.

StupidBike January 14, 2010 2:23 PM  

that's the rub Adam, but according to the Robertson doctrine, they deserve it, cause you know.....

Adam January 14, 2010 3:19 PM  

I think he went to the same divinity school as Wright and Farrakhan.

mere January 14, 2010 8:34 PM  

I wish there was a link on here that proved this statement with phrasing from the actual legislation, maybe I don't understand...

Adam January 15, 2010 7:56 AM  

http://www.cato.org/pub_display.php?pub_id=11108

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