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Obama’s Tax Increases on “the Middle Class”



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We too often ignore the fact that Obama’s policies would allow the Bush tax cuts to lapse, which would significantly increase taxes on individuals earning $25,000, $50,000, and $75,000 a year.  And his plan to lift the cap on Social Security taxes will directly increase taxes on individuals earning far less than $250,000 a year. Moreover, Obama’s tax increase on  capital gains will ensnare many who are “middle class” income-earners. Obama intends to tax the heck out of everyone, including the “middle class.”  Here’s a very good, common sense piece from the American Thinker



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