President Obama is doubling down on his class warfare rhetoric by vowing to raise taxes on those making over $250,000 as part of his economic plan. He continuously states that the “Bush tax cuts” must go. These are not the “Bush tax cuts”. These are the CURRENT tax rates that have been in effect for 12 years! We must not let him get away with this spin.
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Obama is playing a dangerous game of pitting Americans against each other with the dividing line in his “us” vs. “them” game being $250,000. Those making over $250K per year will see their federal tax rate increase between 3% and 4.6% with the top tax rate going up to 39.6%, effectively increasing the amount of taxes they pay by 13%. But, Obama doesn't think this is enough and believes that these individuals need to pay more in order to pay their “their fair share”.
In addition, if Obama is not successful in strong arming Republicans to give in to his class warfare demands, then those individuals making less than $8700 per year will see their tax rates increase from 10% to 15%. That’s an increase of 50%! In this terrible economy filled with rising costs, decreased jobs, and massive economic uncertainty, both of these scenarios are a lose/lose situation.
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When is enough, enough??? Speaker John Boehner has already shown us that he is not willing to stand up to Obama in his second term by saying that ObamaCare, another taxation nightmare, is the law of the land. He has also indicated that he is willing to “compromise” on raising more tax revenue, which is just cover
for saying ‘raise taxes’. If our leaders in D.C. won’t stand up for us, then we must stand up for ourselves.
Sign this petition to send a message to President Obama, Speaker Boehner, and all the bureaucrats in D.C. that enough is enough. No higher taxes! No new taxes!