The CBO has confirmed that Obama is a liar.
While campaigning to be the president of the United States, Obama made a "firm pledge" to the American people.
OBAMA: And I can make a firm pledge: 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.
"NOT ANY OF YOUR TAXES."
That was a whopper.
From Ways and Means Republicans:
Ways and Means Ranking Member Dave Camp (R-MI) commented on today’s analysis released by the non-partisan Congressional Budget Office (CBO) estimating that in 2016 more than half of the 3.9 million Americans who will be forced to pay the Democrats’ new tax for not having government-approved health insurance will have incomes that are low enough to qualify for premium subsidies.
Furthermore, CBO estimates that in 2016, 3 million Americans with income less than 500 percent of the federal poverty level (currently $72,850 for a married couple) will pay roughly $2 billion in taxes as a result of the health care law’s individual mandate tax. That works out to an average of roughly $666 in new taxes per person for the health care mandate alone.
“Not only does the health care law increase the price of insurance, it increases your tax bill,” said Camp. “No wonder the IRS will need up to $10 billion and up to 16,500 agents, auditors and other employees to implement this bill. The individual mandate tax will fall hardest on Americans who can least afford to pay it, many of whom were promised subsidies by the Democrats and who the President has promised would not pay higher taxes. This is a bad law and we need to repeal it and replace it with a bill that not only lowers health insurance premiums but does so without raising taxes.”
Obama's firm pledge went limp.
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