Shocker… Obama’s “Jobs” Plan Calls for $400 Billion in Tax Hikes

In August 2009 President Obama was very clear that you shouldn’t raise taxes during a recession.

But that was in 2009…
Now President Barack Obama is proposing tax hikes to help pay for his latest $447 Billion stimulus plan.
Reuters reported:

President Barack Obama is proposing a series of tax increases, mainly on the wealthy, to help cover the cost of a $447 billion economic stimulus proposal, budget chief Jack Lew said on Monday.

Lew said Obama’s plan would raise $400 billion over 10 years by placing new limits on itemized deductions for individuals making more than $200,000 a year and families earning more than $250,000.

The rest of the $467 billion in savings would come from raising a smattering of other taxes, including those on corporate jet owners and the oil and gas industry.

Business Insider today revealed that Barack Obama plans on paying for the plan with $400 billion in tax increases.

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning. Guest posting is disabled for security reasons.