Obama Budget Shows Middle-Class Tax Pledge Was Fraud PART 2
Almost as soon as he took office, Obama signed a law that nearly tripled the federal cigarette taxes — a $33 billion tax hike paid mainly by lower-income families.
And the $1 trillion in new ObamaCare taxes he signed into law in early 2010 included several provisions that will raise middle-class taxes — including new limits on flexible spending accounts, a higher threshold for deducting medical expenses, and the mandate tax.
Plus, as IBD recently reported, other ObamaCare taxes will eventually target the middle class because they aren't properly indexed.
The income thresholds for the Medicare tax surcharge, for example, aren't indexed for inflation, which means that in a few years it will start sweeping up middle-income families.
REMEMBER, ONCE A LIAR, ALWAYS A LIAR, THAT'S YOUR OBAMA