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Michael van der Galien

Obama Budget Will Increase Your Taxes And Costs

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Posted on February 2 2010 2:00 pm
Michael van der Galien was born in the Dutch city of Leeuwarden in 1984. For as long as he can remember, he has been obsessed with the United States. When he was 17 years old, he started blogging - of course about America. His articles have been published at Big Hollywood, Pajamas Media, Hot Air (the GreenRoom) and Right Across The Atlantic. He's also an editor for the Dutch conservative blog, De Dagelijkse Standaard.
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by William Teach

So says those ultra-far right kooks at ABC News

While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.

The budget proposal released Monday would extend Obama’s signature Making Work Pay tax credit — $400 for individuals, $800 for a couple filing jointly — through 2011. But it would also impose nearly $1 trillion in higher taxes on couples making more than $250,000 and individuals making more than $200,000 by not renewing tax cuts enacted under former President George W. Bush. Obama would extend Bush-era tax cuts for families and individuals making less.

First, as been said time and time again, small business owners tend to be in that $200k+ range, so, they will get hit hard. Second, expect the Democrat Congress to strip provisions out of the proposal that would keep the Bush era tax cuts for those making less. 3rd, if they do not strip them, that would make them hypocrites, wouldn’t it, since they whined about them for most of Bush’s two terms.

Read more at Right Wing News.

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