Obama’s Tax Increases on “the Middle Class”
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.