Stealth Tax Hike

Taken, with little or no reservation, from The Patriot Post. Because you’re going to need something to be smiling at when you read the links posted below.

I heard something about the Great Lie today – y’know that 95% of us BarryO says he cut taxes for? Check out this column at Investors.com (Investors Business Daily online). The first paragraph?

After cutting taxes for 95% of working families in his first year, President Obama has proposed a budget that would raise taxes on 100% of them.

If that’s not scary enough for you, the story that had been posted by Reuters on the Drudge Report has since been removed. Business Insider has the screen shot of the link, with this quote from the story since removed:

While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a “patch” that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

I found what seems to be the same article at Yahoo – at least I think this is it.

From the Wall Street Journal:
We now know why the White House leaked word of a three-year spending freeze on a few domestic accounts before this extravaganza was released. No one would have noticed such a slushy promise amid this glacier of spending. The budget reveals that overall federal outlays will reach $3.72 trillion in fiscal 2010, and keep rising to $3.834 trillion in 2011.

As a share of the economy, outlays will reach a post-World War II record of 25.4% this year. This is a new modern spending landmark, up from 21% of GDP as recently as fiscal 2008, and far above the 40-year average of 20.7%

Bow to anyone you meet, and do whatever it takes to drive working Americans onto bread lines. That’s certainly ‘change,’ from our poorest excuse for a leader since…?

UPDATE: The story at Yahoo is now gone. Sorry. Left Coast Rebel and The Camp of the Saints have both posted some about this…activity.

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6 comments

  1. bobbelvedere · · Reply

    Looks just fine KC. It should be noted, however, that the Left Coast Rebel did all the work; I just complemented his work.

    1. I pretty much got what I posted from Rush Limbaugh’s site, Bob! Heard him talking about it, couldn’t pass it up. Thanks again for the help – and the linky love!

  2. […] Please do take the time to click here and here to read the Left Coast Rebel’s two postings on this story.  Also, check out KC’s take here. […]

  3. […] here to read the Left Coast Rebel’s two postings on this story.  Also, check out KC’s take here. […]

  4. Carpe Jugulum · · Reply

    Hi KC,

    That caption on the piccie of obambi bowing was an absolute pearl.

    A good laugh has brightened my day.

    1. BarryO in office makes it a REQUIREMENT that I laugh…regularly. Because he and his Weasels scare the hell out of me. Maybe it’s just whistling past the graveyard, but it helps keep my own little life in perspective if I can laugh at such a pompous blowhard.

      Thanks for stopping by, hope to see you again soon!

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