Lies, Damn Lies, and Campaign Tax Promises

Barack Obama on the campaign trail: "If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up. If you make $200,000 a year or less, your taxes will go down."

Sounds good, right? Except that according to the Joint Committee on Taxation, this is the opposite of true:

Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes—in 2019 alone—due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper. 

The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.

Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.

My take on why the Affordable Care Act is a fiscal time bomb here.

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  • ||

    And then there's the VAT. I don't know if they can pull it off, but they would love to.

  • kc||

    I'm so glad that health care reform got passed so we can finally find out that things like this are in it.

  • Pip||

    One and done. There is no way this dick face gets re-elected.

  • ||

    My thought exactly. But man, he's going to do as much damage as he can before then. He's like a malevolent Jimmy Carter.

  • Osculating Ass||

    Jimmy Carter. He's back. He's rested. And he is one pissed off motherfucker.

  • .||

    He can run again, you know.

  • The Gobbler||

    Well, he's only got this one shot for reparations.

  • Alfred E. Bama||

  • ||

    Who is going to beat me? Palin? Paul? Newt? Mitt? Come on, who?? Ha ha ha.

    Get used to my arrogance bitches. You have almost 7 more years of it ahead.

  • You lie!||

    Yes, he is a dick face. Also, a fuck face.

    And a dick head.

    And a fuck head.

  • *||

    Also just an old stupid head!

  • ¢||

    14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year

    The shocker there is that there's a hundred thousand Americans who earn $200k+. There aren't that many Senators.

  • ||

    "The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older."

    You have to have some serious medical expenses to qualify for that deduction. It is not just buying asprin and cold medicine. Think of all the whinning the Democrats have done about the poor people who are going bankrupt because of medical expense. Well, Obama and Pelosi and Reid just raised those very people's taxes. If we had anything but a state run media, this would be a scandal.

  • Vermont Gun Owner||

    But now they aren't going to go bankrupt due to the evil profit-driven health care industry. Now it's the benevolent, nonprofit government.

  • ||

    I think Obama has set a record for managing to get the most unflattering photographs taken of himself during one Presidency. The media hated Bush. And they tried every way in the world to make him look bad. Maybe I have forgotten, but I don't remember there being near as many photos of Bush looking pissed off or angry or in some other unflattering light. Is there something about Obama that makes it easy to snap a photo that makes him look like a derranged lunatic?

  • The Gobbler||

    Black people are inherently angry. Just look at Michelle Obama.

    I'm not saying that to be racist. Just sit on a bench and study faces. You'll quickly see just how much internalized anger black folks have. It's etched into their faces.

  • Ice Cube||

    It made my career! Think I coulda sold as much shit as I did wid outtit? Stupid azz cracka mutha fuckah!

  • Oh no not this again||

    Are you serious? "I'm not saying that to be racist." Well you totally failed there, congrats Reason, you've sunk to a new level. Keep up the good work, whatever it is you're doing.

  • ||

    Yeah, "Keep up the good work" Reason and you may eventually, in a few decades, sink to the level of the MSM.

  • *||

    @Oh no not this again:

    You think it's racist to say that many black people have a great deal of internalized anger? Hm. How do you feel about the phrase "angry white men"?

  • ||

    @ The Gobbler: Black anger

    Heh.

    Robert Culp sees Bill Cosby walk onto
    the set of 'I Spy' and thinks to him-
    self: That is the angriest Black man
    I have ever seen; Cosby got over it,
    and would make an excellent President,
    if he could be persuaded to take the
    job. :)

  • kinnath||

    Perhaps the folks in the Chicago machine have an expectation that they won't be photographed . . . . or else!

  • Valerie Jarrett||

    My face says, "I'm evil. And I own your ass."

  • B.P.||

    That's just Obama's "let me be clear" gesture/face.

  • ||

    I dunno, i think there are plenty of pics out there of Bush II looking weasly or just plain dumb. I'm not sure if he was smart enough to get angry about anything, ignorance=bliss and all that.

    Its not angry-pics, but still unflattering. Clinton had some real fugly shots where he looked all redfaced and pudgy.

    Hell, Presidents should ban digital and color-film photography. I doubt there's been a photogenic Prez since the cameras that took 5mins to expose the film and required a charge of pyrotechnic flash powder to make enough light to even TRY to expose the film clearly.

  • ||

    Bush also had a lot fewer public appearances than eternal campaigner Obama has had.

  • ||

    So, then Obama oughta be totally blissed out? Then why does he look so ignorantly angry?

  • Ska||

    I can't decide if Obama is channeling his best Paul Giamatti expression, seizing, or discussing the Guam tip over.

  • ||

    William Howard Taft has a shitload of unflattering photos and videos of him, considering how expensive photography was back in the early 1900s.

  • ||

    fat people never photograph well.

  • Kirstie Alley||

    I make chins look ravishing!

  • ||

    where's barfman when you need him?

  • T||

    I realize I'm being sizeist and all, but it's hard to get a good photo of a land whale in a suit. Although he did have a great moustache...

  • Suge Knight||

    Wanna tell me that to my face mutha fucka?

  • WTF||

    Someone videod Taft? That's a neat trick.

  • Buggles||

    "Video Killed the P'litical Star"

  • ||

    Moving pictures were invented in the 1800s, smartypants. Taft even has a few videos on YouTube.

  • ||

    I suspect that Obama sees himself as more important than his job as president while Bush was probably more humble regarding his personal importance relative to the importance of the job. Therefore, Obama may see personal insults in situations where Bush would just see strong policy disagreement.

  • I, Kahn O'Clast||

    Personally I would be happy to pay more tax if they would actually have "death panels" ... was the best idea I heard all year.

  • AlmightyJB||

    Only if they turn it in to a game. I'm sure we could come up with something.

  • ||

    The Running Man.

  • ||

    Thunderdome!! You need, say, a kidney transplant, "Two men enter, one man leaves!" Fight to the death for health care!!

  • ||

    You had me at damn lies.

  • Osculating Ass||

    I love the guy!

  • ||

    What a great campaign theme that will be for whatever Republican runs against Obama in 2012:

    Run clips of his broken 2008 promises, with the tag line: "He lied to you then. What makes you think he's telling the truth now?"

  • Vermont Gun Owner||

    Obama has made the campaign ads for 2012 easier than I thought possible. He might as well film and air them himself.

  • ||

    2012 is a LONG way away. November 2010, on the other hand, is just about now.

  • ||

    I don't think we anti-Democrats should get cocky about 2012, when even a reaction in 2010 is not assured. The health care tempers are starting to subside, and the lion's share of stimulus spending is going to be pumped into the economy this summer, which could create the illusion of a recovery.

  • ||

    Link please? I don't see any evidence that the reaction to healthcare is starting to subside. And I also see that Obama's numbers are not lower than they have ever been. Passing Obamacare was supposed to help. Even the skeptics thought he would get a short term bounce. He didn't even get that.

  • 2010 Voter||

    Enough people are savvy about "the illusion of a recovery." More stimulus spending merely adds fuel to the anti-incumbent anger.

  • ||

    You're right that we shouldn't get complacent about 2010. Its a long time until November, and a lot can happen.

    So far, health care reform is still an open wound, and the Dems show no sign yet of getting out from under it.

    I'm not terribly concerned about stimulus spending before the election. That spending has proven ineffective in making a visible difference so far, and there are very few indications that unemployment will turn around this year.

    Health care and unemployment have prepped the battlespace very nicely for anti-Dems, but the events of the summer and fall will be the difference between an anemic 25 seat loss and an epic 50 seat loss. 41 is the magic number.

  • ||

    I think it is going to be a lot bigger than 50. I put my over under at 75. I am not kidding. Absent some serious changes in momentum, it could be that bad for the Dems.

    Look at this article for a pretty good explination of why.

    http://www.realclearpolitics.c.....05152.html

  • ||

    Interesting link. At this point certainly things look far worse for the Democrats than in the runup to '94. Back then people were ticked at Clinton and the Dems, but not enough to have huge public protests about them. Leftists love demonstrations, but rightists and centrists generally don't. So when the non-leftists have hundreds of demonstrations all over the country, it tells you something.

  • ||

    I think the health care bill is more than an open wound: it's an infected wound, and it's just going to get worse. People are finally reading the bill and figuring out what's in it. Most benefits don't happen for years, but the taxes start happening soon. People will be getting bad news about rates and coverage and such from insurers, doctors, and companies.

  • President Hopey McChange||

    But I won't be President in 2019, so it wasn't, strictly speaking, a lie. Just to be clear.

    And anyway, I'm about to raise all kinds of other taxes, which will make you forget about this one when 2019 rolls around any way.

    Now go back to your guns and your religion, and let us sophisticated folk run the country, as we were elected to do.

  • Speaker Nancy Pelegrosi||

    Yeah. The election is over. We won.

  • ||

    "If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up. If you make $200,000 a year or less, your taxes will go down."


    If you tell a lie that no iontelligent adult believes, is it really a lie?

  • ||

    If you tell a lie that no iontelligent adult believes, is it really a lie?

    A rather large percentage of people believed it. (I will reserve any judgment on their intelligence.)

  • ||

    If you're going to lie, lie audaciously. Might as well go for broke. The payoff when you win is better.

  • smartass sob||

    That's known as the Big Lie.

  • ||

    Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI.

    This is what Tony means by "paying your fair share" I guess.

  • Scotch Hamilton||

    So rather than actually giving Obama credit for cutting nearly everybody's taxes, you're going to bash him again because of some provision that won't kick in for nearly a decade?

    Good Lord. You guys are nothing but a bunch of whiners...

  • ||

    How has Obama cut nearly everyone's taxes. And whether it be tommorow or next decade, raising taxes on sick people is about as low as one can get.

    You really are the worst troll who has ever come around here. But I have enough experience with liberals to know that you are probably legit. God what a depressing thought.

  • Gilbert Martin||

    This seems to be a new talking point ginned up by the liberals. In letters to the editor of my local paper, I've seen more than one claim that Obama has cut the taxes of everybody making less than $250 K.

    None of them offer up any proof that that is so however.

  • ||

    P-p-p-pr-ooooo-f? What is this thing that you speak of?

  • Warty||

    He said he would, right? What the fuck else do you want, you racist prick?

  • ||

    This seems to be a new talking point ginned up by the liberals. In letters to the editor of my local paper, I've seen more than one claim that Obama has cut the taxes of everybody making less than $250 K.

    Well, he has certainly cut a tax paid by everybody making less than $250K (couples) and about half that more singles. The "Making Work Pay" tax cut is basically the same as the Bush stimulus checks, though administered a little different. That doesn't necessarily mean that everyone got a net tax decrease, though.

    There's no way to come close to shrinking the deficit without raising taxes on the middle class, unless he were to actually restrain spending growth, which isn't going to happen.

  • ||

    I almost missed that "Making Work Pay" section on my tax forms. I'm single and make a very good living so I have never been able to do the "Earned Income Credit" or anything like it. The first time I did my taxes I skipped right over it. Glad I changed my mind and did the worksheet.

  • ||

    I know someone who entirely missed it, but the IRS sent her a letter saying that she had missed it and that her refund would be $400 greater.

  • ||

    Hi Kids!11!1!!!!!

    Check our cool new website and see just how much money you can save thanks to the Recovery Act!1!1!!!!!1!111

  • ||

    You mean see how much of our own money we can get back from the Recovery Act, right?

  • smartass sob||

    This seems to be a new talking point lie ginned up by the liberals.

    FTFY

  • .||

    You could ignore it, you know.

  • ||

    Do not feed the troll.

    Thank you.

  • ||

    I just finished my taxes. AGI was less than $200k, and I paid $2000 more in taxes in 2009 than in 2008. Where was that tax cut again?

    Gee, thanks, Barack! At this rate you'll get it all soon.

  • ||

    Finished our taxes a couple of days ago. We made way less than 200K, but about 2K more than last year and paid 800 more in taxes with essentially the same deduction. Looks like around a 40% marginal rate, and we sure aren't in that tax bracket.

  • ||

    I'm an old fart smoker so my taxes definitely went up and I haven't been North of 200K in about ten years. But hey I have my medicare so I am all set! Provided I can find a doc if I need one.

    The bigger problem for Obama is the tricky passage of a bill to reinstate the Bush tax cuts for folks under 250K. I can't see Republicans cooperating but R's can be weird.

    BTW I donated to Brown but he was a noshow at the TP today so fuck him. Palin has taken a lot of heat for supporting McCain. You would think that Brown could learn from her example.

  • ||

    Even if Obama's claim of reducing taxes were true today, the fact that the $200/250k thresholds for increased income and payroll taxes aren't inflation-indexed guarantees it won't be true in the future.

  • ||

    P. O. S.

    That all he is

  • ||

    With hyperinflation kicking in a couple of years from now, 90% of those who still have jobs would make at least $200,000, and spend $10/gallon of gas to go to work, $20 at MickyD for lunch. The shacks we live in would be valued at a million or two, raising the states' property tax revenues.

  • Ivan||

    Sad but true.

  • ||

    With $13,000 total earnings last year I paid $38 to the IRS so I guess I'm in the top ten of income earners. I look down on those 50% who don't pay anything.

  • smartas sob||

    Did you happen to have a little item called FICA tax withheld from your pay? Did you pay any Self Employment taxes? Those are all "income" taxes and they go to the IRS.

  • ||

    Today, via my employer I learned that the maximum dollars I can contribute tax free into my Health Savings Account will reduce from the current $5,000 to $2,500; and then, only prescribed medical expenses can be expensed. I'm supposing Lasik won't be covered then the way it is now. This is swell!

  • Vektor||

    My joint return on an AGI of just less than HALF of the $250,000 promised limit showed that my taxes did not go down... they went up.

    He lied.

  • replica watches||

    good watches

  • LifeStrategies||

    This makes everybody wonder why anyone would ever believe such politicians?

    Oh, I remember. How to tell if he's telling lies? - he opens his mouth!

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