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Wednesday, April 28, 2010

Taxes -- a murky future

During the 2008 campaign, President Obama promised not to raise any sort of taxes on anyone making under 250,000 dollars a year. Since taking office, Obama has signed into law about 300 billion in new taxes that affect this group, thereby breaking his pledge. The big question about taxes remains, however. What is going to happen with the Bush tax cuts for those making under $250,000 per year? As we move into May and the legislative calendar gets crammed with items like immigration and cap and trade bills (not to mention the upcoming Supreme Court nomination), it is getting harder and harder to see how Congress will ever get to dealing with the tax issues this year. Obviously, the Obamacrats are hesitant to deal with taxes in an election year, but the alternative is a tax increase for nearly every American. Clearly Obama and the Obamacrats have no regard for Obama's promise not to raise taxes.

The truly strange thing to me is this: the Obamacrats have overwhelming control of the Congress. They can pass any tax bill they want. Even so, they sit motionless and ignore the whole issue. Do they really think that the American people will not notice? Amazing!

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