This is our third installment of the Obama administration being the biggest liars to ever hold the white house. To view the first two parts in this series click the following two links.
Now in the third installment of this series we are going to discuss all of the lies Obama and his administration have been telling everyone that will listen about his tax plan and cutting taxes.
Get ready because are some of the worst misleading and outright lying things he has been telling lately.
First of all Obama has not proposed raising or cutting taxes per se in regards to the Bush tax cuts that were implemented a few years ago. What he has proposed is allowing the tax cuts to expire for those making more than $250,000 dollars a year. For the rest of the us, who do not make over this threshold our taxes will not raise or lower.
Before you start shaking your head about this being a good thing, because most people are envious of those who are successful and have a lot of money, just know that this action will also hit over a million small companies who file their taxes similarly to how individuals do. I am not talking about your multinational corporations either. I am talking about your small businesses.
Did you also know that these small companies employ millions of workers and account for over 50% of all jobs created in the United States?
So, do you still believe it is a good idea to raise taxes on the very small companies who struggling to get by? These aren’t rich people by any means.
Depending on where you live in the country, $250,000 is not even close to being considered rich. What if you live on one of the coasts, where the cost of living is 2 or 3 times higher than it is in the midwest?
The other fact of the matter is that nearly 50% of all citizens in the United States currently don’t even pay federal taxes to begin with!
Obama and his administration are banking that the people in America will allow their envy of so-called rich people, help lead them to victory at the ballot box in November. Allowing taxes to go back to where they were prior to the Bush tax cuts will not make a dimple on any of our country’s problems.
Did you know that by allowing the taxes to increase on the 2% of people in his upper bracket will only produce enough REVENUE TO RUN THE GOVERNMENT FOR ALMOST 8 DAYS!!!
Do you still think he is only trying to help out the economy with his actions???
If you do, then you are a complete idiot!!!
Obama is hoping, praying that the citizens do not see through his different ploys to create class warfare and pit the working and lazy class against the job producing class.
Obama obviously hates success. Look at how he has done everything in his power to punish those who create jobs by taxing and regulating them to death. The only businesses that he has shown favoritism to are the ones who donated to his campaign to help him capture the current power that he has. Check out all of the his green buddy companies who gave guaranteed loans to that eventually went bankrupt…see Solyndra as it was the most famous of his crony capitalism companies.
So, stop believing what comes out of this man’s mouth without doing some research first. Do not just blindly believe what I have written here either. You owe it to yourself to get the facts so that you can make an informed decision. Scour the internet and find out the truth before making a stupid decision. Actually, if you just use a little common sense and see how the country hasn’t improved nearly like it should have at this point in the recovery, you will notice that Obama has no idea how to turn the economy around.
Stay tuned for more stories depicting this lying Obama administration in all its glory.