Well, It’s True He “Didn’t Raise Taxes Once”


I have warned you about the Wordsmith-in-Chief. You have to listen very carefully.

In his interview with Bill O’Reilly just before the Superbowl, Obama said:

O’REILLY: Do you deny that you are a man who wants to redistribute wealth.

OBAMA: Absolutely.

O’REILLY: You deny that?

OBAMA: Absolutely. I didn’t raise taxes once. I lowered taxes over the last two years.I lowered taxes for the last two years.”

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Americans for Tax Reform said in a press release Monday:

“President Obama’s entire claim of being a net tax-cutter rests merely upon the temporary tax relief he has signed into law.

The tax increases Obama has signed into law have invariably been permanent. In fact, Obama has signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts.”

The group estimates that the permanent changes to tax law Obama signed totals a net tax hike of $618.7 billion.

ATR says the individual mandate tax, which starts in 2014, will require anyone not buying “qualifying” health insurance to pay an income surtax of $495.
That amount increases to $990 for two members of a family and $1,485 for three-member families.

Among the other tax hikes ATR cites in the health care law are:

* the medicine cabinet tax, which began in January. It will prevent consumers from using their health savings accounts (HSA), flexible spending accounts (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin), the group argues;

* the HSA withdrawal tax hike, which started in January. It increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, making them less appealing than IRAs and other tax-advantaged accounts, which remain at 10 percent, ATR said;

* the flexible spending account cap, or the “Special Needs Kids Tax,” which was unlimited. It has been capped at $2,500 since January. The new cap imposes a “particularly cruel and onerous” burden on parents of special needs children who use the money to pay for costly tuition, the group argued.

* the medical itemized deductions cap, which allows consumers to deduct medical expenses if the total cost reduces the filer’s income by 7.5 percent, will face a threshold of 10 percent starting in 2013.

* the tax on indoor tanning services, which began in July, imposes a new 10 percent excise tax on Americans using indoor tanning salons.

Read more: http://www.atr.org/obama-makes-super-false-tax-claim-a5830

I added this in another comment on this blog. I received it through an email. It’s worth repeating.

This is excellent!!! Click on the wimp.com link below

In the Presidents State of the Union he proposed a spending freeze for 5 years as a means to balance the Budget.. Well,,, Even if we could achieve the Revenue Growth from 1995 -2000, which was Record Growth generated by the Birth of a new Industry, in 5 years, Revenue, by 2016 would still fall short of current Spending by $400 Billion,,, It would take just over 11 years of 5% Revenue growth to catch up to current spending levels,,, But the Economy is only expected to grow 3% at best!!!! Freezing spending is not enough!!!!!

We are in Serious trouble here folks and your kids are going to pay the price!!!! The above scenario does not account for Rising Interest Rates which are currently so low they have no where to go but up!!! How much could just a one percentage point rise in interest payments cost the US? The Congressional Budget Office estimates that, over the next ten years, that yearly one percentage point rise would cost us an additional $1.033 trillion in interest payments, on top of the $5.079 trillion we’re already paying.
Subject: Fwd: A visual is worth a billion words-and reality check!

Hi Folks- Amazing! Now you know why we must all feel pain if we are to have any realistic chance of solving our problem. Once again, there is no easy way out.
Have a nice day,

An excellent visualization of our Federal budget and what a 100 million cut means. We need more like a thousand hundred millions to make a real difference.

This is very easy to understand our US budget—a must watch —one minute !


A student explains 100 Million Dollar Budget Cut

Trust me, you have to watch this one. I promise you’ll end up smarter in just a minute and thirty-eight seconds.

Recently Mr. Obama announced that over the next 90-days he is going to work to cut 100-Million dollars of spending out of the Federal Budget.

A college student explains. { VERY well done! } Even I can start to comprehend.