President Barack Obama to Propose $1.5 trillion in New Taxes


Just what America needs in the midst of a double dip recession … Obama to propose $1.5 trillion in new taxes.  Just what we need to stimulate job creation, raising taxes in order to provide $3 trillion in debt reduction.  This President never met a tax hike he did not like … can 2012 come fast enough?

President Barack Obama’s proposal to reduce long-term deficits with $1.5 trillion in new taxes is less an opening bid in a negotiation than it is an opening salvo in a struggle to draw sharp contrasts with congressional Republicans.

Obama’s proposal is aimed predominantly at the wealthy and comes just days after House Speaker John Boehner ruled out tax increases to lower deficits. It also comes amid a clamor in his own Democratic Party for Obama to take a tougher stance against Republicans. And while the plan stands little chance of passing Congress, its populist pitch is one that the White House believes the public can support.

Of course Obama’s answer is tax the rich. Now that all depends on how you define rich. Obama calls it the Buffet rule; however, will people who make $250K be treated the same as some one who makes 100′s of millions? That is what Obama calls shared sacrifice. Legal Insurrection is correct, it is time for an intervention for Obama … America cannot take any more from this President.

Unreal, a President of the US pronounces political game playing with the US economy rather than providing leadership with an true and honesty economic policy.  All Obama is looking to do is blame the economy on the GOP rather they say, the buck stops with him.

VIDEO Hat Tip: The Gateway Pundit

Of course there is no playing politics or class warfare from Obama in his proposed $1.5 trillion.

If you liked this post, you may also like these:

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  • VP Joe Biden Tells Iowans … “Yes, We Do’ Want to Raise Taxes By a Trillion Dollars”
  • Ooops, Barack Obama Understates Federal Deficits by $2.3 Trillion
  • Happy New Year America from Barack Obama … Turbo Tim Geithner Says US will hit $16.4 trillion debt limit? on New Year’s Eve
  • Barack Obama Said in 2008, “Adding $4 Trillion to National Debt was Unpatriotic” … So Does is Obama Unpatriotic as Well

  • Comments

    7 Responses to “President Barack Obama to Propose $1.5 trillion in New Taxes”

    1. Dawg1948 on September 19th, 2011 1:15 pm

      This IDIOT has to go! Vote the fool out November 2012.

    2. rightknight on September 19th, 2011 9:01 pm

      Spend the citizens into dependency and submission.
      Then, they can be managed just as cattle.

      Give ‘em shots, breed them, feed to fatten, work
      the strong ones, cull the weak and troublesome ones,
      butcher the tasty ones, fence ‘em in, and live well
      off the herd forever after.

      It’s good to be the ‘King’.

    3. southernsue on September 20th, 2011 4:44 am

      run the rest of the job creators out of the US!

      ditto dawg!

    4. super dave on September 20th, 2011 5:47 am

      giving a democrat president more money is like feeding cocaine to a lab monkey. they will take and use until they die.

    5. A Texas Grandfather on September 20th, 2011 7:18 pm

      There is much more in this bill than just taxes. Just like Obamacare, there are parts of this bill that step all over our Constitution.

      Any person in the congress that votes aye on this bill should immediately be removed for failure to perform his or her oath of upholding our Constitution.

    6. super dave on September 21st, 2011 11:18 am

      parts of obama care took hold the first od this month that cuts the amount of funding and grants to college students. and he calls this healthcare reform ? i call it theft.

    7. NGBoston on September 22nd, 2011 1:32 pm

      Yawnnnnnnnnnn…Please pass me one of those $16.00 muffins and a 6.00 cup of coffee.

      What else is new??? Check out the market today, too—-we are again taking gigantic steps backward and will continue to do so as a Nation every day Obama is in office.

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