Obama planning a $3 trillion income tax increase?

That’s the balloon being floated by his people. They’d repeal all the Bush tax cuts, not just the already doomed capital gains cuts “for the rich”. What?  You don’t remember Bush cutting taxes for the middle class? Just wait a bit and you will be painfully reminded that he did.

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One Response to Obama planning a $3 trillion income tax increase?

  1. Anonymous

    The circularity of this problem will be amusing to observe as the scheme unravels

    Many/?most of the alleged “rich” are mere $150K-500K/yr types, seemingly a large chunk of the unionized gvt workers in NY/NJ/CA/MD/VA/DC; small business types, doctors, lawyers, middle-managers/salesguys….i.e., poss angry voters who face stiff (and rising) income and property taxes; escalating college costs (to educate kids who will be jobless at graduation despite an English or Ebonics Studies degree from Harvard); and new healthcare costs to pay for the obese uninsured or whatever

    Not sure if commies are smart enough to realize joke will ultimately be on them…as the true “rich” can more easily, legally move businesses to TX or Switzerland (energy cos. and hedgies in Dall/Hou are already moving HQs to Sw or Lond to legally avoid US taxes; they’re a step ahead of their masochistic colleagues in NYC or CA)