Obama broke this promise barely two weeks into his presidency by signing a bill that included a 156-percent increase in the federal cigarette tax, which not only hits the nonwealthy but is one of the most regressive taxes around. By ATRs count, the health care bill Obama signed last month includes another seven tax hikes that affect the under-$250,000-a-year crowd. In fact, since four of these changes will increase peoples income tax bills, they violate even the edited version of Obamas pledge that he presented on Saturday. For example, as Peter Suderman noted last week, the law raises the threshold for deducting medical expenses from 7.5 percent of income to 10 percent. As a result, people with substantial medical expenses will pay more income tax. But as I noted in a column last November, When the president does it, its not a tax.
On Sat, Apr 17, 2010 at 10:56 PM, Eric Roberts <ow...@threeravensconsulting.com> wrote: > > And what taxes were raised on folks making less than 250k?? > > E ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:316265 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
