Americans For Tax Reform Responds To President Obama's Claim That He Hasn't Raised Taxes On Anyone

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If you watched the interview of President Obama by Bill O'Reilly on Super Bowl Sunday, you saw the President claim that "didn't raise taxes once."  Well, there are a few people who were doing some fact checking on that interview.

Yesterday CNS News reported that Americans For Tax Reform disputes that claim.  Hot Air also posted an article yesterday detailing the reasons why that claim is false.

According to Hot Air:

"The idea that Obama did not raise taxes is just plain wrong. He signed legislation raising taxes on cigarettes and other tobacco products soon after taking office; that money goes to pay for children's health insurance programs. The law went into effect in 2009. He also signed the health care law, which includes taxes on indoor tanning that went into effect last year. (Regular PolitiFact readers will remember our fact-check of reality TV star Snooki and her complaint about the new tax last year.)

"The new health care law also includes a tax on people who decide not to have health insurance, as an incentive for them to get coverage. The tax phases in gradually, starting in 2014. By 2016, the tax would be $695 per uninsured person up to a maximum of three times that amount, or $2,085. The law includes exemptions for people who can't find affordable insurance, and a few other special circumstances.

"More significantly, the health care law includes new taxes on the wealthy, starting in 2013. Individuals who make more than $200,000 and couples that make more than $250,000 will see additional Medicare taxes of 0.9 percent. They will also, for the first time, have to pay Medicare taxes on their investment income at a 3.8 percent rate. (Current law is that all workers and employers split a 2.9 percent Medicare tax; the self-employed pay all of it.)"

The CNS News article cited President Obama record on taxes:

"Responding on Monday, ATR said Obama's 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.""

Don't forget the new tax on medical device manufacturers, a higher tax on withdrawals from health savings accounts, a cap on flexible spending accounts, a surtax on investment income, an excise tax on comprehensive health insurance plans, a hike in the Medicare payroll tax, and a tax on indoor tanning services,

That sounds to me that the claim by President Obama that he has not raised taxes will not hold water.

 

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This page contains a single entry by Granny G published on February 9, 2011 1:33 PM.

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