“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
…since any Social Security plan would probably preserve benefits for those nearing retirement, it would not help the administration achieve its goal of reducing the deficit to 3 percent of gross domestic product, from 10 percent, within a decade.
One way to reach that 3 percent goal, by the calculations of Mr. Obama’s economic team: a 5 percent value-added tax, which would generate enough revenue to simultaneously permit the reduction in corporate tax rates Republicans favor.
More on the VAT here. As ATR notes, the President has been trying to turn this read-my-lips into a pledge against raising income taxes. They want “President Obama to either immediately release the reported VAT calculations or deny such calculations exist,” although I don’t know why. Anything that we get from the man will just be another lie.
Share on Facebook 1 1 SHARES Yesterday I posted on how a Democrat shill — also a convicted felon but I don’t want to be redundant — had traveled from New Jersey in an attempt to embarrass Ted Cruz with a question about drug addiction. As you may know, Ted Cruz’s older sister, Miriam, died of a drug overdose and he frequently speaks on the | Read More »
Share on Facebook 1 1 SHARES Last night was the last debate before the New Hampshire primary. The media, looking for their narrative, found one. Marco Rubio had a bad moment with Chris Christie and now they are going to write the stories on how Rubio, who had surged into second place in NH primary polls, may now finish in third, fourth or maybe even | Read More »
Share on Facebook 1 1 SHARES Last night after the debate, CNN continued their embarrassing butt-covering campaign regarding the Carsongate fiasco. The essential issue in this story is that the people who are attacking Ted Cruz on this (including Ben Carson) are intentionally conflating a series of tweets that were sent by CNN reporter Chris Moody, and what was said on air by CNN anchors Jake Tapper | Read More »
Share on Facebook 1 1 SHARES In the spin room last night, Donald Trump was stopped by CNN and asked, among other things, if he had learned from Iowa that he needed to have a strong ground game to succeed in New Hampshire. Trump’s answer indicated that he still rejects the notion that a ground game is important at all, even in small states when | Read More »