Or did the president just forget???
SNIP:
On Feb. 4, 2009, Obama signed a federal tobacco tax hike, raising the excise tax 62 cents per pack. Critics, including ATR, said that tax alone violated Obamas campaign pledge not to raise taxes on couples earning less than $250,000 and on individuals earning less than $200,000.
During Sundays interview, Bill OReilly 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 Obamas 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.
More: Obama
SNIP:
On Feb. 4, 2009, Obama signed a federal tobacco tax hike, raising the excise tax 62 cents per pack. Critics, including ATR, said that tax alone violated Obamas campaign pledge not to raise taxes on couples earning less than $250,000 and on individuals earning less than $200,000.
During Sundays interview, Bill OReilly 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 Obamas 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.
More: Obama