Thursday, February 10, 2011

Super Bowl Bull: Obama's Shameless Tax Lie

I wonder how many Super Bowl parties, those that got started early and were tuned into Bill O'Reilly's powder-puff interview with President Barack Obama, included someone having to employ the Heimlich maneuver on a friend or brother-in-law? Because when Obama made this statement, “I didn’t raise taxes once.  I lowered taxes over the last two years.  I lowered taxes for the last two years,” I know many a listener must have choked on his Fritos and bean dip.

President Obama lied. Okay, I know we're used to that. But on Super Bowl Sunday President Obama told an incredible lie, a humongous lie, an outrageous lie that even made his fellow Democrats wince because 1) the lie is so easy to expose and 2) Obama once again emphasized to the people of the United States his overarching arrogance and his belief that regular Americans are fawning idiots who will swallow any junk he feeds them.

Here are the facts as presented by John Kartch at Americans for Tax Reform:

* "President Obama has signed into law at least two dozen tax increases."

* "Just sixteen days into his presidency, Obama signed into law a 156% increase in the federal excise tax on tobacco -- a hike of 62 cents per pack.  Obama’s signature on this tax hike was a violation of his central campaign promise -- a “firm pledge” that no American making less than $250,000 would see “any form of tax increase.” The median income of smokers is just over $36,000.

* March 23, 2010 -- Obama signs the healthcare bill into law:  Obama’s signature on the health care bill enacted two dozen new or higher taxes (at least seven of which violate his “firm pledge” on taxes), including but not limited to: Individual Mandate Excise Tax; Employer Mandate Excise Tax; Small business 1099-MISC Information Reporting; Surtax on Investment Income; Excise Tax on Comprehensive Health Insurance Plans; Hike in Medicare Payroll Tax; Medicine Cabinet Tax; HSA Withdrawal Tax Hike; Flexible Spending Account Cap -- aka“Special Needs Kids Tax;" Tax on Medical Device Manufacturers; "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI; Tax on Indoor Tanning Services; Elimination of tax deduction for employer-provided retirement Rx drug coverage; Blue Cross/Blue Shield Tax Hike; Excise Tax on Charitable Hospitals; Tax on Innovator Drug Companies; Tax on Health Insurers; Biofuel “black liquor” tax hike; and Codification of the “economic substance doctrine.”

* President Obama’s entire claim of being a net tax-cutter rests merely upon the temporary tax relief he has signed into law.  [However] The tax increases Obama has signed into law have invariably been permanent.  In fact, Obama signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts

* Permanent changes to tax law signed by Obama amount to a net tax hike of $618.7 billion