In his New Year message, president Obama made the claim that a middle class tax hike was prevented with the recent “fiscal cliff” agreement. He further stated that his priority has been to prevent a tax hike on 98% of all Americans in 2013 and that this agreement does that.
While it is true that expiration of the Bush tax cuts for 98% of Americans was prevented, the Social Security payroll tax holiday which was enacted in 2010 is going to expire, effectively raising taxes for most wage earners. This is a tax hike on the middle class that Obama pretends isn’t happening, amounting to a mean tax increase of approximately $1635 for 77% of Americans.
Obama’s class warfare succeeded in getting him re-elected and raising taxes on the rich, but the middle class he pretends to champion is now experiencing collateral damage from his war. Taxes, spending, and the deficit are rising and the middle class will have to pay for it for a long, long time. Meanwhile, the rich will continue to live well protecting their assets and some may leave the country to avoid Obama’s foolish attack.
Obama blows smoke and far too many inhale it willingly. He has previously stated that the last thing the middle class needs in this struggling economy is a tax increase, yet, his policies continue to raise taxes. Obamacare already increased health insurance premiums and taxes will have to increase to pay for it. Taxing the rich cannot possibly pay for all the entitlement programs Obama refuses to reduce – and he knows that. He just keeps it hidden with smoky rhetoric.
One can say that the American people deserve to be tricked and taxed because they elected the “leaders” doing it, but what of our children? They are going to be saddled with the cost of this charade for the rest of their lives. They don’t deserve to pay the consequences of poor decisions that elected such leadership. Even the rich kids don’t deserve this.
David J. Hentosh