GOP Blog

Obama’s “Not A Single Dime” Tax Pledge Gets Broken Again

President Obama Made A Repeated Pledge Not To Raise Any Taxes On Families Making Less Than $250,000

In 2008, Obama Promised He Would Not Raise Any Taxes On Families Earning Less Than $250,000 A Year. OBAMA: “I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.” (Senator Barack Obama, Remarks In Dover, NH, 8/12/08)

  • OBAMA: “Not Your Income Tax, Not Your Payroll Tax, Not Your Capital Gains Taxes, Not Any Of Your Taxes.” (Senator Barack Obama, Remarks In Dover, NH, 8/12/08)
  • In 2009, President Obama The Pledge To Not Increase Taxes On Middle Class Families “Not One Single Dime.” OBAMA: “If your family earns less than $250,000 a year, a quarter million dollars a year, you will not see your taxes increased a single dime. I repeat: not one single dime.” (President Barack Obama, Address Before A Joint Session Of Congress, Washington, DC, 2/24/09)
  • Then-Press Secretary Robert Gibbs, When Asked If The Pledge Only Applied To Income Taxes, Said That “The Statement Didn’t Come With Caveats.” REPORTER: “The President’s opposition to tax increases for the middle income.  Does that apply to the health care bill, and specifically to this idea about taxing health insurance premiums?” ROBERT GIBBS: “Taxing?” REPORTER: “Health insurance premiums.” GIBBS:  “Well, I mean it’s — the statement didn’t come with caveats.” (Press Briefing By Press Secretary Robert Gibbs, Washington, D.C., 4/15/09)

PolitiFact Has Already Rated Obama’s Tax Pledge As “Promise Broken.” “We were willing to give President Barack Obama a Compromise rating on this promise when a new cigarette tax went into effect. But the latest health care bill includes more broad-based taxes that are pushing us toward Promise Broken.” (Angie Drobnic Holan, “Smokers, Tanning Aficionados, The Happily Uninsured: More Taxes Coming At Ya!,” PolitiFact, 4/8/10)

Breaking It Again: Obama’s FY2013 Budget Raises Taxes On 27 Percent Of U.S. Households

Obama’s FY2013 Budget Would Raise Taxes On 27 Percent Of U.S. Households According To A Study By The Tax Policy Center. “President Barack Obama’s 2013 budget plan would raise taxes for 27 percent of U.S. households in 2013, far more than the administration estimates, according to a nonpartisan study. The study released today comes from the Tax Policy Center, a research group in Washington that analyzes proposals from presidential candidates in both parties. Obama focuses the tax increases in his 2013 budget on corporations and the top 2 percent of individual taxpayers. The result in the center’s study stems from the fact that taxpayers in all income brackets own parts of corporations.” (Richard Rubin, “Obama Budget Raises Taxes For 27% Of Households, Report Says,” Bloomberg, 3/21/12)

  • 8.6 Percent Of Households Earning Less Than $10,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 11.9 Percent Of Households Making Between $10,000 And $20,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 18.1 Percent Of Households Making Between $20,000 And $30,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 22.2 Percent Of Households Making Between $30,000 And $40,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 23.6 Percent Of Households Making Between $40,000 And $50,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 31.6 Percent Of Households Making Between $50,000 And $75,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 38.7 Percent Of Households Making Between $75,000 And $100,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)
  • 51.4 Percent Of Households Making Between $100,000 And $200,000 Would Have Their Taxes Increased. (“Table T12-0044, Administration’s FY2013 Budget Proposals,” Tax Policy Center, 3/15/12)

More To Come: Obama Was “Intrigued By [The] Elegance” Of Allowing All Of The Bush Tax Cuts Expire Next Year

Obama Has Said He Is “Agnostic” On Raising Taxes On Those Making Less Than $250,000 As Part Of A Plan To Reduce The Deficit. “President Barack Obama said he is ‘agnostic’ about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.  Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.” (Rich Miller, “Obama ‘Agnostic’ On Deficit Cuts, Won’t Prejudge Tax Increases,” Bloomberg,2/11/10)

  • President Obama Was “Intrigued By [The] Elegance” Of Allowing All Of The Bush Tax Cuts To Expire In Order To Cut The Deficit. “In November 2009, Orszag would tout an idea that divided the economic team and inspired contempt in the political shop: extending for one or two years George W. Bush’s middle class cuts, which were scheduled to expire in 2011, then letting them lapse unless Congress found a way to offset their costs. During a meeting with Obama in the Oval Office, he casually outlined the proposal. The obvious defect was that it would be likely to break the president’s campaign pledge to oppose tax increases on the middle class. Nevertheless, Obama was intrigued by its elegance as a deficit-cutting maneuver, according to two people in the room. He also liked the idea of forcing Republicans to grapple with the costs of Bush’s policies. Only later did the politicos revolt—the vice president, for one, was apoplectic—and the president lost interest.” (Noam Scheiber, The Escape Artists,  2012, p. 154-155)
  • Obama Would Block Extension Of The Reductions, Either As A Final Act In Office After Losing The November 2012 Election Or After Winning A Second Term.” “A White House official argued Sunday that the president had another trump card to play: the scheduled expiration of the George W. Bush tax cuts at the end of 2012. Obama would block extension of the reductions, either as a final act in office after losing the November 2012 election or after winning a second term.” (Peter Wallsten and David Nakamura, “Did Obama Capitulate – Or Is This A Cagey Move?” The Washington Post, 7/31/11)

In 2013, Obama Will Increase Hike Taxes By $3.6 Trillion Over The Next Ten Years “And All Democrats Need To Do To Secure That Deal Is…Nothing.” “But Democrats will have their turn. On Dec. 31, 2012, three weeks before the end of President Barack Obama’s current term in office, the Bush tax cuts expire. Income tax rates will return to their Clinton-era levels. That amounts to a $3.6 trillion tax increase over 10 years, three or four times the $800 billion to $1.2 trillion in revenue increases that Obama and Speaker John Boehner were kicking around. And all Democrats need to do to secure that deal is…nothing.” (Ezra Klein, “Democrats Will Lose Now. But They Can Win Later,” The Washington Post, 7/31/11)