President Obama presented a new health care plan on Monday that calls for raising the Medicare payroll tax on some households earning less than $250,000, an apparent breach of his campaign pledge not to raise taxes on families earning less than that amount. The president’s plan also calls for increasing taxes on interest, dividends, annuities, royalties and rents.Read the full story at the link below:
In a Sept. 12, 2008 campaign speech in Dover, N.H, Obama said: "And I can make a firm pledge: Under my plan, no family making less than $250,000 will see their taxes increase—not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes."
But the new health care plan released in summary form yesterday by the White House specifically calls for increasing the Medicare payroll tax on "households with incomes exceeding $200,000 for singles and $250,000 for married couples filing jointly."
Unless President Obama is prepared to say that the only type of "family" that qualifies as a "family" under his tax pledge is one that is formed around a "married couple filing jointly," then his new health care proposal violates his 2008 tax pledge on its face. The Internal Revenue Service, for example, makes clear that the "head of household" tax filing status is for "unmarried" taxpayers. A definition of the term "head of household" on the IRS Web site says: "Generally, you may claim head of household filing status on your tax return only if you are unmarried and pay more than 50% of the costs of keeping up a home for yourself and your dependent(s) or other qualifying individuals."
CNSNews.com - Read His Lips: Obama Calls for Increasing Payroll Taxes on ‘Households’ Earning Less Than $250,000 Per Year
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