President Obama’s assertion on Sunday that he “didn’t raise taxes once” is “blatantly false,” a taxpayer watchdog group says. Obama made the claim in his pre-Super Bowl interview with Fox News host Bill O’Reilly.
According to Americans for Tax Reform (ATR), President Obama has signed into law at least two dozen tax increases. The first one – a federal tobacco tax hike – came just 16 days into his presidency.
ATR says the $1 trillion health care overhaul alone added numerous taxes, including the individual mandate that requires most Americans to purchase health insurance or else pay a fine.
During Sunday’s interview, Bill O’Reilly asked Obama if he is “a man who wants to redistribute wealth,” as The Wall Street Journal has described him. The president denied it, again saying, “I didn't raise taxes once; I lowered taxes over the last two years.”
Responding on Monday, ATR said Obama’s claim of being a net-tax-cutter “rests on the temporary tax relief he has signed into law. “That tax increases Obama has signed into law have invariably been permanent. In fact, Obama signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts,” ATR said.
“Over 90 percent of the dollar value of the tax cuts Obama signed into law are only temporary,” said ATR. “100 percent of the tax increases Obama signed into law are, however, permanent … Permanent changes to tax law signed by Obama amount to a net tax hike of $618.7 billion.”
Article here: Taxpayer Watchdog: Obama's Claim He Did Not Raise Taxes 'Blatantly False'
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