President Obama repeatedly promised during the campaign that no one making under $250,000 per year would see their taxes increase. However, the Democrats claim to spend $2.6 trillion in new health care at a time when the country cannot afford the promises they have already made and we have a record 1-year budget deficit, $1.4 trillion. We hear President Obama always talking about what he inherited from George W. Bush. What he inherited was nothing like what he did. He actually raised the deficit $1.4 trillion in 1 year. That is more than President Bush did in his last 5 years. The HELP bill, which recently passed the House, represents an unprecedented expansion of government control and increases taxes on Americans during a difficult economic time. But the Democrats did not stop with one expensive health care bill. Now the Senate is debating a fix-it bill which increases taxes an additional $50 billion on the American people. Reading through the legislation, I am struck by a myriad of ways this raises taxes on American citizens, from job-creating small businesses to middle-income families--over a half trillion dollars of new taxes. If you happen to need a medical device--that is what we are talking about right now--you get taxed under the bill. Section 9009 of the recently passed health care bill imposes a new tax on assistive devices, which includes items such as pacemakers, ventilators, and prosthetics, and incubators for premature babies.
Jim Inhofe: “President Obama repeatedly promised during the campaign that no one making under $250,000 per year would see their taxes…”
Editor's note · Context
Senator Inhofe criticizes President Obama's tax promises and the impact of health care legislation on American taxpayers.
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