Tuesday, April 23, 2013

OBAMA BUDGET GOES AFTER THE MIDDLE CLASS

He promised taxes would not rise on the middle class.

But his annual budget is doing more to target middle-class taxpayers than any of his previous proposals, calling for caps on deductions, changes in the way some tax benefits are calculated and a big hike in cigarette taxes — all proposals that would make middle-class Americans pay more.

“The president keeps breaking his campaign pledge to not tax the middle class — first with his health care law and now with these tax hikes in his budget,” Utah Sen. Orrin Hatch, the top GOP member on the Finance Committee, told POLITICO. “As I’ve said before, when it comes to this White House and its penchant for wanting to raise taxes, everyone — including those middle-class families the president says he wants to help — needs to watch their wallets.”

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