Give Us Liberty

Obama’s Backdoor Tax Increase (Letting the Bush Tax Cuts Expire)
Originally published 2009 February 23

by Mr Pink Eyes

I hope that you didn’t make too many plans with that thirteen dollar tax break that you are going to receive under the stimulus package. Because you are going to need your thirteen dollar, which will fall to eight dollar, tax break to help pay for the new tax increase that you are going to receive next year.

It was nice of Obama to make the symbolic gesture of cutting taxes on the middle class right before his backdoor tax increase cancels that tax break out. You may be wondering what this backdoor tax increase that I am talking about is all about.

It’s simple, President Obama is going to let the Bush tax cuts expire. These taxes are set to expire in 2010. Contrary to the spin from the Obama administration the Bush tax cuts were not just on the rich. When these tax cuts expire every American taxpayer will receive a tax increase negating his thrifty thirteen dollar tax cut.

Part of the discussion is sure to include the impending tax increases set to hit every American taxpayer when the Bush tax cuts expire in 2010, unless Congress acts to extend them. During the presidential campaign, then-Sen. Barack Obama pledged to repeal the tax cuts.

He is not going to repeal them because then people would see it for what it is, Obama raising their taxes. Instead he will let them expire under the cover of night. It won’t be he who raises taxes but just the expiration of another president’s tax cuts. But it is important to remember what this arrogant man said about the American taxpayer in regards to the Bush tax cuts when he was running for president.

The Bush tax cuts – people didn’t need them, and they weren’t even asking for them, and that’s why they need to be less, so that we can pay for universal health care and other initiatives

He said that we didn’t need them and that we didn’t want them. Why would we want the money that we worked hard for? How arrogant is a statement like that? How can he sit there and say that we don’t need extra money? Money that we earned. He truly believes that he can spend our money better than we can.

But there is another secret buried in the expiration of the Bush tax cuts and it is a secret that the press will not report and it is a secret that Obama will never let out. The Bush tax cuts have been portrayed as tax cuts that were only for the rich but when these tax cuts expires it will not be the rich that is hurt the most. It won’t even be the middle class that is hurt the most. When President Obama lets the tax cut expire the poorest Americans will suffer the largest tax increase of all.

Every income tax bracket will rise, with the lowest tax bracket experiencing the largest increase – jumping from 10 percent to 15 percent of income.

The people in the lowest tax bracket will have their taxes increased by five percent. The largest increase of all tax brackets. Yet it is Obama who claims that he is a man of the people. He claims that it is he who will protect middle class Americans.

The great lie about the Bush tax cuts has been repeated so often that now people believe it is true. People believe that only the rich got tax cuts under the former president. Every American got tax relief in the Bush tax cuts and when Obama lets those cuts expire it will amount to a backdoor tax on all Americans. And the hardest hit will be the people who can least afford it.