RSSPresident 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.
Posted September 19, 2011 by Scared Monkeys 2012 Elections, Barack Obama, Economy, Jobs, Obamanation, Obamanomics, Presidential Election, Recession, Stimulus Bill, Unemployment | 7 comments |
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7 Responses to “President Barack Obama to Propose $1.5 trillion in New Taxes”
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This IDIOT has to go! Vote the fool out November 2012.
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’.
run the rest of the job creators out of the US!
ditto dawg!
giving a democrat president more money is like feeding cocaine to a lab monkey. they will take and use until they die.
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.
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.
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.