Famous Quotes & Broken Promises

President Barack Obama, during his campaign, pledged the following:

"No family will pay higher tax rates than they would have paid in the 1990s."

Oops.

The House, with increased and substantial prodding by President Obama to pass their version of a health care reform bill, have, it appears, decided to raise over $540 Billion by adding a “surcharge” to higher income earners over the next decade.

And these tax payers will be paying, potentially, much more than during the 1990's.

Interesting that the House apparently have a backup plan built into the proposal.

If, by 2013, certain savings are not realized, the income tax “surcharge” would increase yet again.

That’s called, I think, a “two-fer.”

I would not be willing to rely on government projections to be met.

Thus, I will be betting right now that the second increase is a certainty.

As an added note, thought I would remind people what headline grabbers have to say about health care reform:

House Ways and Means Chairman, Democrat Charles Rangel, calls this “innovative bill” a “uniquely American solution.”

Over For Now,

Main Street One