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Remember Obama’s No Middle Class Tax Hike Pledge ? Yea, You Can Forget About It

by @ 1:24 pm on February 12, 2010. Filed under Barack Obama, Economics, Politicos & Pundits, Politics

Back during the Presidential campaign, then Senator Obama made this promise to Americans making less than $ 250,000 per year:

“If you are a family making less than $ 250,000 a year……you will not see your taxes go up. Not your Capital Gains Tax, not your Payroll Tax, not your Income Tax, no taxes. Your Taxes will not go up.”

Months ago it became clear that this promise wasn’t worth any more than any other promise from any other politician.

Now, President Obama himself signaled that he would not object to an increase in taxes on the middle class:

Feb. 11 (Bloomberg) — President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

“The whole point of it is to make sure that all ideas are on the table,” the president said in the interview with Bloomberg BusinessWeek, which will appear on newsstands Friday. “So what I want to do is to be completely agnostic, in terms of solutions.”

I’ll believe that when I see the across-the-board cuts in Medicare, means testing for Social Security, and young people being the option of opting out of Social Security entirely.

We’ll see tax increases long before we see any of that.

5 Responses to “Remember Obama’s No Middle Class Tax Hike Pledge ? Yea, You Can Forget About It”

  1. Doug, was there anyone that knew anything about Democrats and Obama’s prior experience that actually believed him? He got elected because he was around half-black. End of story.

  2. GOP SUX says:

    Don’t let facts get in the way of your narrative….

    I guess the 25 middle class tax cuts that have been passed are meaningless.

    Politfact call true the following on Obama;

    “We passed without, frankly, the help of the Republican caucus, we passed 25 tax cuts last year, mostly aimed at the middle class and small businesses.”

    Also, Politifact has Obama overwhelmingly keeping promises and a few not kept. The score is 91 kept, 33 partially kept and only 14 broken.

  3. Ummm, you’re the one who is letting ideology get in the way of reality.

    Obama is the one who said he wouldn’t raise taxes on the middle class.

    That was obviously a lie then, but people believed it.

    Now, the truth is coming out.

  4. Let's Be Free says:

    Mr. SUX

    You’re scorekeeping includes cash for clunkers as a tax break when what it did is increase the deficit and put long run upward pressures on taxes.

    What makes Obama an especially pernicious weasel is that his economic and taxation policy pushes the taxation needle up long run to fund his give aways short run.

    No rational voter is going to buy into an argument that one time tax credits are compensation for permanent tax increases.

  5. [...] donroach on March 19, 2010 Healthcare One of the numbers Obama touted throughout his campaign was no tax increases for people making under $250,000/year. I was reading today on a blog written by the “Healthcare Economist” that seemed a bit [...]

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