Obama: Tax Pledge? I'm Raising Taxes On EVERYONE After The Election

Posted by Brian

Obama, with his usual backdrop of hapless dupes behind him, announced that he is extending the "Bush" tax cuts for Americans who make less than $250K/yr. for one more year, after which they automatically increase for all Americans.

Taxes on business who make over $250K will see their tax rates jump to 39%.  Any guesses on what effect that will have on small-business hiring?

Obama Proposal Increases Tax Rates for All Income Brackets
by 2014 By Matt Cover July 9, 2012

(CNSNews.com) – President Barack Obama today proposed allowing the income tax rates enacted in the Bush tax cuts of the last decade to expire at the end of this year for people earning more than $250,000 and at the end of next year for everyone else.

Under current law, the lower tax rates will expire at the end of 2012. Under Obama's proposal, they will expire at the end of 2012 for those making more than $250,000 and at the end of 2013 for Americans making less than $250,000.

Video: Obama with his obligatory photo props (dupes) behind him

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Voters: Good News Is We Got Change. Bad News Is It's Worse

Posted by Brian

Common sense should tell us that things like "change" don't exist in a vacuum.  Unfortunately for a lot of young people who voted for the first time in 2008, critical thinking skills are not exactly taught in our public schools and bastions of higher education any longer. "Change" has positive connotations, therefore it must be a good thing.  Three and a half years later, voters agree that change has happened, but it was for the worse.  Critical thinking would have told them that the scale tilts both directions.

The Hill Poll: Majority of voters believe Obama has changed country for worse
By Sheldon Alberts - 07/09/12 05:00 AM ET

Two-thirds of likely voters say President Obama has kept his 2008 campaign promise to change America — but it’s changed for the worse, according to a sizable majority.  

A new poll for The Hill found 56 percent of likely voters believe Obama’s first term has transformed the nation in a negative way, compared to 35 percent who believe the country has changed for the better under his leadership.
Continue Reading Here

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