WASHINGTON, April 23 (UPI) — A non-partisan analysis of U.S. President Barack Obama’s budget proposal finds it would raise taxes on not just the wealthy but many middle class Americans.
The Tax Policy Center said one tenet of Obama’s budget would increase the federal tax on a pack of cigarettes from the current $1.01 per pack to $1.95, hitting smokers of all income brackets.
A second change, The Washington Post said Tuesday, has to do with the income brackets themselves. Currently, the brackets change from year to year to adjust for inflation. Obama’s budget alters the formula used to determine what the brackets would be, moving them higher at a slower pace. The impact is deductions and exemptions have slightly less impact and increased income would more immediately move individuals into a higher tax bracket.
The Tax Policy Center said 86 percent of the tax increases in Obama’s budget would be paid by people earning $200,000 or more by 2015. However Americans with more modest incomes would still feel a pinch: Those making less than $100,000 would pay about $100 more in federal taxes under the plan; Those making $100,000 to $200,000 would pay about $150 more, the center estimated.
Obama put forth his budget plan this month but it likely won’t be taken up by Congress any time soon, the Post said.
Copyright 2013 United Press International, Inc. (UPI).
Call it what you want, he said taxes would be increased on JUST the wealthy. The tax increase that started in January effected 77 percent of the working families in 2013.
@Uncle Buck-gee, would you call that a lie?
Oh, you mean the fiscal cliff deal? The tax increase that the fricking retardicans held us hostage over?
If you want to get you multiple personality butt in an uproar at somebody, LVS, better look at your bff Boner and his pals. This is THEIR fault.
I won’t call you a liar, though. You’re just stupid.
@Uncle Buck-she likes to rant and rave and show her lack of intelligence like all of the liberals. They have a white jacket waiting for her when she returns to 5 east. Until then just ignore her and she will either self destruct or go away.
For the majority of Americans, April 15th is a pay day! Were else to you get benefits after paying nothing in? Only in government! Housing assistance, Hud, free healthcare, food stamps, heating assistance, and us fools just keep working harded to provide it? Who are the fools?
Didn’t the Supreme Court say Obama care was a TAX?
So, he lied again.
About WHAT? He’s not the one screaming about no taxes. Sober up, LVS!
originally he said the small taxes wouldn’t effect the middle class. You need more sand to bury your head in.
It isn’t going to affect me one bit. A cigarette tax is an equal opportunity abuser – you pay it if you smoke, whether you’re rich, middle or upper income.
How is this a middle class tax? HOW?
If you’re going to try and tell me that those earning under 100K paying an additional 2 bucks a week in taxes is call for some big gotcha moment, you are seriously making a fool of yourself.
@maybe-a lie is a lie plane and simple. Obama is a master at saying one thing and then doing something else. It has nothing to do with whether it will affect me. The sheeple will still think he is wonderful.
Again, for the special students: WHAT LIE?