Monday, July 11, 2011

President Flip-Flops again on Tax Hikes

The President announcing his extending the Bush tax cuts
Washington DC, Jul 11, 2011. First he was against the Bush tax cuts. Then he was for them. And now he is against them again.

President Barack Hussein Obama, D-Kenya, keeps changing his mind on whether you should get a big tax increase.

When he was campaigning back in 2008, Mr. Obama promised "a tax cut for 95% of you."

Of course, this never happened, despite him having super majorities in both houses of congress for his first two year in office. Odds are that was just a hollow campaign promise designed to dupe a few voters.

Once he was elected and sworn in, Mr. Obama began to blame all his economic problems on "the Bush tax cuts" and vowed to repeal them. However, when the unemployment rate kept growing, and there were no new jobs created by all his stimulus spending, he again changed his view.

Just seven months ago, when the Bush tax cuts were about to expire, the President worked out a deal with congress to extend them for two more years.

Back then, Mr. Obama said the bill would create jobs and boost the still-struggling U.S. economy.

He called it a "substantial victory for middle class families" who would otherwise have seen a tax increase.

"In fact, not only will middle class Americans avoid a tax increase, but tens of millions of Americans will start the new year off right by opening their first paycheck to see that it's larger than the one they get right now," he said.

The President told us that had Congress not acted to address the expiring Bush-era tax cuts, all Americans would have seen a tax increase on January 1st. (The average tax increase per family, the White House said, would have been $3,000.)

Mr. Obama, who had long opposed extending the Bush tax cuts for America's highest-earners, has argued he had no choice but to agree to GOP demands to do so in order to avoid a tax increase on the middle class. 

He further added that failing to extend those tax cuts would result in the loss of "another million jobs!"

The flip-flopping record of Barack Hussein Obama
Well, that was seven months ago.

Today, the President has flipped back to his previous position and now wants a $2 trillion tax hike! Does anyone think a big tax hike will help the nation recover from The Great Recession?

If he believed what he said last December, then this means President Obama now wants our economy to lose another million jobs. And this isn't good news for American workers.

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