Tax Increases Coming....One way or the Other!

Why would we believe that Barack Obama would uphold his campaign promise not to raise taxes on the middle class....He hasn't upheld any of his other campaign promises....and he has his deficit reduction committee looking at how to get the deficit down and their report is due after the election...they will no doubt propose increasing taxes so who knows what Obama and the Democrats will do....He wants to redistribute wealth so he might be more in favor to let the Bush tax cuts lapse for all rather than pass a Alternate Sales Tax that would effect all Americans even his protected poor. Don't bet on the Tax Cuts being extended for those under $200,000....it's certainly not a done deal yet and with this president in charge who knows what he'll do.


Fact-checking the Fact-checkers on the $3.8 Trillion Obama Tax HikeShare. Today at 10:02am

Yesterday, PolitiFact.com fact-checked my statement about the coming $3.8 trillion Obama tax hike – the largest tax increase in history. They did such a bad job of it, however, that I feel compelled to fact-check the fact-checkers.

First of all, they claim that there are Democrat proposals which would “keep the tax cuts for individuals who make less than $200,000 and couples who make less than $250,000.”

Unfortunately for PolitiFact, no such proposal exists. They admit as much, by the way, when they state that “There are no formal congressional proposals yet to keep the Bush tax cuts in place, so we don’t have precise estimates from official sources like the nonpartisan Congressional Budget Office.” That doesn’t stop them, though, from claiming I “confuse the issue” by “using numbers that assume all the tax cuts are going away. That is not the Democratic plan nor is it President Obama’s plan.”

Plan? What plan? There is no plan. All we have is smoke and mirrors based on an old Obama campaign pledge that if elected, he would exempt families making less than $250,000 a year from “any form of tax increases.” But this pledge was already watered down before he was even elected. First vice-presidential candidate Joe Biden lowered it to $150,000. Then campaign surrogate Gov. Bill Richardson lowered it even further to $120,000.

A few months after the inauguration, even that last promise disappeared in a puff of smoke. When asked to reaffirm the White House’s commitment to the campaign promise of no tax increases for families earning less than $250,000, Obama’s spin doctor David Axelrod declared the President had “no interest in drawing lines in the sand.”

The truth is that as of today, Democrats haven’t taken any action to extend any part of the 2001 and 2003 tax cuts for any income group – and in this case doing nothing equals hitting American taxpayers with a massive $3.8 trillion tax increase.

What we do know for certain is that the White House is more than willing to raise taxes on families with incomes of less than $250,000. Democrat Senator Max Baucus admitted as much during the debate about Obamacare when he stated that “One other point that I think it’s very important to make is that it is true that in certain cases, the taxes will go up for some Americans who might be making less than $200,000.”

PolitiFact doesn’t dispute the $3.8 trillion estimate of the cost of repeal of the 2001 and 2003 tax cuts. It admits that “Palin’s estimate of $3.8 trillion over 10 years is within a reasonable range, if you’re talking about all taxpayers.” And yet somehow it continues to argue that I’m wrong, based on a proposal it admits doesn’t exist which in turn is based on a phantom campaign pledge which Democrats have already broken anyway. I call that a “Pants on Fire” statement.

To prevent PolitiFact from making similar mistakes in future, it would be helpful if the White House and the Democratic Congressional leadership finally mustered the courage to table their plans to let the 2001 and 2003 tax cuts expire. Mr. President, publish your proposals, and we’ll duke it out. You can argue in favor of a multi-trillion dollar tax hike in an age of economic uncertainty and mass unemployment, and we’ll argue for fiscal sanity combined with serious spending cuts. I for one look forward to such a debate.

In the meantime I suggest the St. Petersburg Times hires a few extra staff to fact-check its fact-checkers. It might help it prevent being caught with its “pants on fire” again in the future.

- Sarah Palin