Remember the promise of the 2008 Presidential election? No family making less than $250,000 will see their taxes increase Well, now, the option to tax the middle class is “on the table“. Of course, as we have pointed out, he has already broken that pledge. But now, Obama is ready to admit it. According to Bloomberg: President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit. Instead of taxing everyone to try …
Following passage of a one-thousand-page omnibus spending bill, the Senate reconvened to continue consideration of HR 3590, the Senate health bill. Middle Class Taxes. Senator Mike Crapo (R-ID) offered an amendment to recommit the Senate health bill back to the Senate Finance Committee with instructions to protect Americans who make less than $250,000 from tax hikes in the bill. In effect, the Crapo amendment would reinforce President Obama’s high-profile promise that Americans making less than $250,000 would not face tax increases. In the Senate health bill, there are several provisions …
