Happy Tax day

April 15th is always a good time to talk about taxes. The official tally now is that since Obama became president with his promise of no new taxes for anyone making under $250,000 per year, there have been $670 billion of tax increases that he has signed into law. Of this amount slightly more than half ($350 billion) are taxes on those making under $250,000 per year, the group he promised to protect. so much for promises. Putting this number into context, it is about $1100 per person in the USA. In other words, for a family of four in the middle class, there have been $4400 of tax increases in the last year that directly hit people like them. So much for Obama's promises.

I would not mind it so much if Obama would just admit what he has done and attempt to explain why. That would let the American people decide if he made the correct choice. Obama and the Obamacrats, however, continue to claim that they have not raised taxes on the middle class. I have said this before, but how dumb do they think the American people really are? They will get their answer in November.

The second point that needs to be made is this; by taking about two thirds of a billion dollars from the private sector in new taxes, Obama is working to reduce the growth of the economy and jobs. This point cannot be repeated too often. The president who is supposedly focused like a laser on jobs, has done more to thwart any recovery than to promote one. Hopefully, the economy will prove too strong and will rebound despite the major obstacles that the Obamacrats are placing in its path. Still, the recovery will not and cannot be as robust as it would be were they just to get out of the way. Were the government to take actions to promote job creation rather than to stop hiring, the recovery could be dramatic indeed.