IBD
Rather than protesting the greatest expansion of government in U.S. history, Tea Party attendees should be thanking Big Government for all it's done. At least, that's what President Obama thinks.
As the Associated Press reported Thursday, the president said he was "amused" by the Tea Party faithful gathering in cities across America to protest soaring government spending, ballooning debt and the explosion in taxes that will be needed to pay for it all.
"You would think they'd be saying thank you," he said.
And why should they be thankful? As the president himself said on his weekly radio address a week ago, "one thing we have not done is raise income taxes on families making less than $250,000; that's another promise we kept."
In fact, that wasn't his promise at all.
Here's what candidate Obama really said in September of 2008: "Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."
Got that? "Not any of your taxes." The claim of no tax hikes on those below $250,000 as a result of the current administration's policies is completely and utterly false.
A report from the House Ways & Means Committee's GOP members notes that, since January 2009, Congress and the president have enacted $670 billion in tax increases. That's $2,100 for each person in America. At least 14 of those tax hikes, the report says, break Obama's pledge not to raise taxes on those earning less than $250,000. Roughly $316 billion of the tax hikes — 14 increases in all — hit middle-class families, the report says.
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