Home White House Says No New Taxes for Middle Class - Page 4

Think for myself · #31 (**permalink**) 08-03-2009, 12:17 PM

Quote:

Originally Posted by static_engineer

Do a little research....

Link

Again

Again

And yet again...

Do you need more TFM????

Once again, no one ever said income taxes are going up for the middle class. No one.

REDRUM · #32 (**permalink**) 08-03-2009, 12:23 PM

Quote:

Originally Posted by Think for myself

In response to your edit. Once again, no one has said income taxes are going up for the middle class. Repeating untruths will not suddenly make them true Red.

Quote:

Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.

I know that you'll deny the fact that President Obama raised taxes on the upper/middle/lower class on approximately 15 million smokers of America that make less than 250K when Obama and the Democrats passed the largest tax increase on tobacco products in U.S. history, breaking yet another one of his campaign promises. I feel sorry for Democrats that live in a state of denial. <<<<<<<Mod Edit>>>>>>>> Did you have anyone in particular in mind here Redrum?

Think for myself · #33 (**permalink**) 08-03-2009, 12:27 PM

Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.

Except that, as shown by your very now links, they never said middle class income taxes will or even may go up. All they did was give noncommittal answers. Said answers have since been clarified to show that the opposite of your interpretation is true.

Quote:

Originally Posted by REDRUM

I know that you'll deny the fact

Quote:

Originally Posted by REDRUM

I feel sorry for Democrats that live in a state of denial.

Why do you insist, with each interaction we have, on throwing stink on my name?

ckblv · #34 (**permalink**) 08-03-2009, 01:31 PM

Quote:

Originally Posted by Think for myself

An offshoot of another thread.

I believe this is what happens when baseless speculation is abundant in the media. Rampant rumor mongering based on an absence of information rather than possession of information.

Anyway, it appears speculation that President Obama will raise taxes on the middle class is grossly incorrect.

http://www.foxnews.com/politics/2009...lass-tax-hike/
President Obama is committed to making sure middle class families do not see a tax increase, White House Press Secretary Robert Gibbs said Monday, one day after two top economic officials seemed to leave the door open to a tax hike.

"The president's clear commitment is not to raise taxes on those making less than $250,000 a year," Gibbs said, repeating Obama's pledge from the presidential campaign.

On Sunday, Treasury Secretary Tim Geithner suggested that taxes increases are inevitable.

"We will not get this economy back on track, recovery will be not strong and sustained, unless we ... can convince the American people that we're going to have the will to bring these deficits down once recovery is firmly established," Geithner said on ABC's "This Week."

Asked point blank whether it was right to suggest it is a matter of when, not if, taxes will be raised, Geithner responded, "It is absolutely right."

National Economic Council President Larry Summers also did not rule out future increases on CBS' "Face the Nation."

Gibbs, though, dismissed the comments Monday as part of a "hypothetical back and forth" that Geithner and Summers allowed themselves to engage in.

"Promising that everybody's going to be on message may be a bar that's too high for me to leap over," Gibbs said.

Peppered with reporters' questions on the topic, he repeatedly said that despite the Sunday comments the president has been "clear" that he intends to shield middle-class families from a tax hike.

"I am reiterating the president's clear commitment in the clearest terms possible that he's not raising taxes on those who make less than $250,000 a year," he said.

But some Republicans say Obama already has broken his pledge not to raise taxes on the middle class.

Republicans on the tax-writing House Ways and Means Committee on Monday released a list of six programs and proposals they claim would raise taxes on the middle class -- including the tobacco tax hike and proposals to include coverage mandates in health care reform legislation.

"After only six months as president, (Obama) and congressional Democrats have repeatedly violated this pledge" not to raise taxes on middle-class families, Republicans said in a memo.

The discussion over future tax increases comes as the deficit is expected to hit $1.8 trillion next year. With spending still planned for a $1 trillion, 10-year health care reform plan, officials say something will have to be done to keep the deficit and national debt from growing wider.

Gibbs said Obama is committed to cutting wasteful spending to help achieve that goal.

And you believe Barack Obama, why?

He is adamant that the health care bill will not do away with private insurance and is adamant that he is not trying to push single payer
UNTIL a video is uncovered that reveals his lie.

http://www.breitbart.tv/uncovered-vi...ate-insurance/

The man wouldn't know the truth if it hit him in the head.

Middle Income Taxes WILL be raised, remember this thread.

Think for myself · #35 (**permalink**) 08-03-2009, 01:33 PM

Quote:

Originally Posted by ckblv

He is adamant that the health care bill will not do away with private insurance and is adamant that he is not trying to push single payer
UNTIL a video is uncovered that reveals his lie.

http://www.breitbart.tv/uncovered-vi...ate-insurance/

The man wouldn't know the truth if it hit him in the head.

Completely off topic.

Quote:

Originally Posted by ckblv

Middle Income Taxes WILL be raised, remember this thread.

A completely unsupported statement.

JP5 · #36 (**permalink**) 08-03-2009, 05:23 PM

The White House is lying.

Obama is letting the Bush tax cuts expire. The Dems could have made them permanent. When they expire at the end of this year, the Capital Gains taxes will go back to where they were. That's a tax hike on the middle class, more so than on the rich. The Bush capital gains rates finally went down to their intended bottom of 0% for those in the 10% and 15% income tax bracket. After this year, the long-term capital gain tax rate will be back up to 20% (10% for taxpayers in the 15% tax bracket.

In addition, the brackets will then go from the current 10, 25, 28, 33, and 35 percent to 15, 28, 31, 36, and 39.6 percent. That means the bottom tax rate gets a 50% tax increase!! The others, starting with the 15% bracket will get a 12%, 10.7%, 9.1% and 13.1% increase, respectively.

The child tax credit will be cut in half. Since the lowest classes benefitted the most from the Bush tax cuts (despite what we were told by the media and Dems over and over), they will be hurt the most from letting Bush's tax cuts expire.

The very wealthy will be little affected by income tax hikes, because their income is derived from investments (taxed at the capital gains rate), and their property is in trusts, or actually owned by their businesses. But even if they have some capital gains, it will be offset by all the capital losses that they'll be carrying forward for years to come after this recession.

The lower classes will be hurt by letting the Capital gains tax go back up, though---since more own stock in their 401k's and IRA's than ever before.

So, YES---there will be a tax hike on the middle class. Most definitely.

BroncoBilly · #37 (**permalink**) 08-03-2009, 06:04 PM

One a liar always a liar. Here is another lie by Mr O, but I'm sure the left loons nut cases will try and twist it to say he didn't say that.

http://www.youtube.com/watch?v=p-bY9...layer_embedded

Professor Peabody · #38 (**permalink**) 08-04-2009, 11:29 AM

Obama said......Obama said.....well, Obama said a lot of things we aren't seeing.

Transparency, 5 days for public comment on signing, on line postings of where the stimulus money's going and so many more. I am sick of Obama said, just tell what he did. What he says is meaningless.

Think for myself · #39 (**permalink**) 08-04-2009, 11:31 AM

Quote:

Originally Posted by Professor Peabody

Transparency, 5 days for public comment on signing, on line postings of where the stimulus money's going and so many more. I am sick of Obama said, just tell what he did. What he says is meaningless.

And another post completely off topic. Rather than sit there and simply make up things, would you care to counter the OP with some facts to show that indeed middle class taxes are going up?

Professor Peabody · #40 (**permalink**) 08-04-2009, 11:35 AM

Quote:

Originally Posted by Think for myself

And another post completely off topic. Rather than sit there and simply make up things, would you care to counter the OP with some facts to show that indeed middle class taxes are going up?

I am commenting on the fact that even though the Obama White House promises no new taxes for the middle class, we can't believe a word they say. That's relevant to the subject, sorry you don't understand my post.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The White House is on, but nobody’s home	superdude17*	Current Events	31	03-17-2009 06:15 AM
I AM Middle Class..I have been a Racist	Complainary	Current Events	0	11-18-2008 09:20 AM
Ending Bush tax cuts will raise middle class taxes by DOUBLE DIGITS	Grokmaster	Elections & Campaigns	3	10-22-2008 08:37 PM
This just in: The Middle Class is Alive and Well	MerlinX	Political Opinions & Beliefs	99	06-28-2007 08:10 AM