Sunday, October 04, 2009

Transparency Redacted: the 15% Tax Hike Obama's Trying to Hide

Americans for Tax Reform reports upon one of the most egregious of President Obama's campaign lies: transparency.

The Obama administration knows that its "cap-and-trade" energy plans will hike income taxes by 15%, yet the president still supports the effort.

ATR obtained internal documents that show President Obama knows that the tax hikes will hit all American households, breaking his oft-repeated campaign promise to hold the line on taxes. On a September 12, 2008 campaign stop in Dover, New Hampshire, then-candidate Obama stated unequivocally, "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."

The Treasury Department states that the total amount of new taxes will range from $100 billion to $200 billion, or approximately $1,800 a year.

And despite the many promises to maintain "the most transparent White House in history", the cover-ups continue. The disclosed Treasury documents that outline the costs of the new energy taxes have several key figures blacked out.

For all the promises of "change", Barack Obama is a run-of-the-mill, double-talking politician who lies as effortlessly as he breathes.

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