How To Pay For Insane Spending : Raise Taxes On Everyone

Did this come as a surprise to anyone? Obama has lied about everything else, why not about raising taxes on the general public. Really though, he intended to raise these taxes all along, he said he wouldn't because this is what the general public wanted to here.

Remember, Obama's words, they are just words. Obama's actions speak loud and clear what he intends.

More taxes for everyone - Heritage Foundation

The national deficit stands at an unprecedented $1.845 trillion. President Barack Obama's proposed budget would increase spending by an additional $1 trillion over the next 10 years. And that doesn't take into account Congress' proposed $1 trillion takeover of the health care system.With all this spending, millions of Americans are left wondering who's going to pay for it all.

The answer: Taxpayers, big and small.

The President has repeatedly reiterated his campaign promise that he can rein in the deficit without levying any new taxes on the middle class. Instead, he proposes to saddle the wealthy with the bulk of the burden of increased spending by hiking taxes to where they were before the 2001 and 2003 tax cuts. This would bring the top federal tax rate to almost 40 percent, not counting the proposed surtax on high-income earners to fund the health care plan.

Despite the President's insistence that he remains "clearly committed" to his campaign promise, Heritage tax policy expert Curtis Dubay points out how the middle class could end up paying anyway: We've heard taxes proposed on sugary drinks and alcoholic drinks. Of course, middle-class people purchase those items. Let's not forget that the cap-and-trade program pushed heavily by President Obama falls on anyone who uses electricity, so that obviously hits the middle-class as well. And one of the first actions that President Obama took as President was to increase the cigarette tax by a dollar a pack. And of course, middle- and low-income people are hit heavily by that tax as well.

In another analysis, Dubay argues that the Left's soak-the-rich approach will only dig the economy deeper into recession by discouraging investors and entrepreneurs from entering the market. This will "negatively affect long-term economic growth because businesses that otherwise would have been created and added jobs to the economy will never get off the starting blocks." Furthermore, these taxes alone would not generate enough to account for the massive spending increases. And the middle class could pay the price. ( Remember Joe Biden comment, "we may have to due this as the disaster is worse then we thought" The slickster!)

"You just can't borrow a trillion dollars for an economic stimulus, enact a new trillion dollar health care entitlement, and increase discretionary spending by 12% through 2019 (including doubling federal education spending), and then expect to pay for it all by taxing the most productive Americans," writes Heritage's Conn Carroll in the Morning Bell. There are lots of mythical benefits from tax increases, yet the Left seems determined to learn their lesson the hard way—during a recession, no less.

There is an alternative. Dubay outlines ways in which the President and Congress could cut spending and taxes, foster individual enterprise and ultimately spur significant economic growth. Otherwise, he says, we're just "hurting the economy at a time when the U.S. can least afford further damage."

Five questions to ask your Congressmen on health care

As members of Congress break for their August recess, many have planned to host town hall discussions on health care. "This country deserves a respectful, honest debate about health care," Conn Carroll writes in The Heritage Foundation's Morning Bell. "And the hundreds of town halls members of Congress will be hosting across the country this August are just the place for these conversations to happen."
» FreedomWorks has compiled a list of town hall meetings. Find a meeting near you.

To help concerned citizens prepare for the town hall discussions, The Heritage Foundation has constructed a list of five important questions that the proposal's proponents need to answer.

Can you promise me that I will not lose my current plan and doctor?

Will members of Congress enroll in the public plan?

Can you guarantee that Obamacare will not lead to higher deficits in the long term?

Will there be rationing of health care for patients on the public plan?

Can you promise that my tax dollars will not fund abortions?
» Get talking points, in-depth analysis and more on Heritage's rapid response page

The heated town hall meetings of the past week have already demonstrated the broad public opposition to big-government health care. As one University of Pennsylvania professor tells Politico, this movement could present a political problem for the Left. "If this comes down to vocal individuals, the Obama campaign ought to be able to always outnumber their opponent. And if they're not, then that's a problem