The PJ Tatler

Obama's 'Independent' Group Admits Obama's Plan is a Huge Tax Hike

You don’t have to take President Obama’s word for it…

That clip is from the president’s remarks in Mansfield, OH yesterday. He said:  “And you do not have to take my word for it. Just today, an independent, non-partisan organization ran all the numbers on Governor Romney’s plan. This wasn’t my staff. This wasn’t something we did. Independent group, ran the numbers.”

That “independent” group is the Tax Policy Center. That same Tax Policy Center, whose report is co-authored by a former Obama staffer, says Obama’s plan violates Obama’s promise not to raise taxes on anyone making less than $250,000. According to the Tax Policy Center–

31.6 percent of U.S. households earning between $50,000 and $75,000 a year would see an average tax increase of $92. In that same income group, 16.8 percent of households would have a tax cutaveraging $382.

The report reflects a modeling assumption about corporate taxes, and the administration’s budget doesn’t raise taxes on any family making less than $250,000, said Amy Brundage, a White House spokeswoman.

“What it does do is close a series of wasteful and unaffordable corporate tax subsidies, which include, for example, ending the expensive tax subsidies for oil and gas production and incentives to companies to ship jobs overseas,” she said in an e-mail.

Obama’s budget would raise marginal tax rates to a maximum of 39.6 percent, up from 35 percent. High-income taxpayers would also face higher rates on investment income and limits on deductions.

In February 2009, Obama made this solemn promise:

According to Obama’s “independent” group, that promise just expired.