Barack Obama likes to go about saying he’s only raising taxes on the top 5% of wage earners. No wonder he has to keep saying this over and over again like nobody believes him. We don’t. And now we’ve heard the next part of this story. On 60 Minutes tonight,, during a discussion of the size of the deficit and how he plans to pay for his spending, Obama quietly let the words “rollback the Bush Tax Cuts” escape.
So ah, now the other shoe starts to drop. So while he may be only slightly fudging the facts when it comes to payroll taxes and not mentioning taxes on your homes, your investments, and your inheritances, he also intends to let Bush’s tax cuts expire.
How is that not a tax increase on 95% of us?