Capping & Trading on Obama's $250,000 Lie

While the 95% promise leaves room for endless semantic swordplay, this one, originally declared by candidate Obama last September, does not:

"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

And yet it was just days after dancing at his inaugural ball that President Obama waltzed around that pledge by signing a $33 billion State Children's Health Insurance Program (SCHIP) expansion bill. For in order to pay for his campaign promise, which broadened health insurance subsidies for children and qualifying adults in “lower-[not just 'low'] income” families, he increased the federal excise tax on tobacco by a massive 156 percent.

Despite the fact that no one will be harmed more by the regressive 61.6 cents per pack hike than the “lower-income” families Obama has always promised to protect.

[First they came for the smokers...]

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