Surprise: Obama to propose new taxes in SOTU...

Actually, this isn't surprising. It's standard operating procedure for Democrats. 

WASHINGTON – President Barack Obama will call for increasing taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritances, then using the revenue to fund new tax credits and other cost-saving measures for the middle class.
The president’s proposals are likely to be cheered by the Democratic Party’s liberal base, but the tax increases are all but certain to be non-starters with the new Republican majority on Capitol Hill.
Obama will announce the tax proposals Tuesday night in his State of the Union address. Senior administration officials disclosed details Saturday on the condition of anonymity because they were not authorized to discuss the proposals by name ahead of the president.
The president’s address — his first to a Republican-led Congress — will also include calls for lawmakers to make community college free for many students, increase paid leave for workers and enact broad cybersecurity rules.
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CNN Video Report: Obama’s Plan To Raise Taxes Could Cut GDP Growth By 50%

CNN: According To Economists, Not Extending All Tax Cuts Will Hurt Economic Growth

Forward: UN proposes global carbon tax, currency tax and billionaires tax

President Obama seen nodding in approval...

(CNSNews.com) — Prompting warnings of a “global governance” push, the United Nations released a report Thursday proposing mechanisms including a global carbon tax, currency transaction tax and a “billionaire’s tax,” to finance development and global needs such as combating climate change.

The U.N. World Economic and Social Survey (WESS) says such taxes could raise more than $400 billion a year, at a time when donor countries are unwilling or unable — “in the midst of difficult financial times” — to maintain the levels of development aid necessary.

“Donor countries have fallen well short of their aid commitments and development assistance declined last year because of budget cuts, increasing the shortfall to $167 billion,” said survey author Rob Vos in a statement.

“Although donors must meet their commitments, it is time to look for other ways to find resources to finance development needs and address growing global challenges, such as combating climate change,” he said.

“We are suggesting various ways to tap resources through international mechanisms, such as coordinated taxes on carbon emissions, air traffic, and financial and currency transactions.”

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Obama: Not raising taxes is spending or something

President Obama actually thinks not raising taxes is a form of spending.This is a great example of liberal thinking. Liberals believe all the money in the county really belongs to the government and they are doing you a favor if they let you keep any of it. This is why liberals think it is OK to force citizens to buy insurance under the Obamacare mandate. It really isn't your money in their minds. This is as ridiculous as a business claiming they were spending money by not raising their customer's price.

WASHINGTON – Announcing his budget plans for fiscal year 2013 in an address at Northern Virginia Community College in Annandale, Va., President Barack Obama characterized the current income tax rates–signed into law by President Bush a decade ago–as a form of government spending.

Essentially, the president said that the federal government “spends” when it does not raise taxes.
“Right now, we’re scheduled to spend more than $1 trillion more on what was intended to be a temporary tax cut for the wealthiest two percent of Americans,” Obama said.

“We’ve already spent about that much. Now we’re expected to spend another $1 trillion. Keep in mind, a quarter of all millionaires pay lower tax rates than millions of middle class households. You’ve heard me say it: Warren Buffett pays a lower tax rate than his secretary.”

Despite the bankruptcies of three green energy companies that received heavy doses of federal tax dollars, Obama also pledged Monday to “double down on clean energy.”

Report: Obama's new budget proposal will include $500 billion in new spending and $1.5 Trillion in new taxes

President Obama still believes the U.S.A. can spend and tax it's way to greatness.

(Washington Post) — President Obama will send Congress a 2013 spending plan that would raise taxes on the rich and pump nearly $500 billion into new transportation projects over the next decade, launching an election-year debate over the budget that promises starkly different visions for managing government debt and the sluggish economy.

As they prepare to face voters in November, neither the president nor congressional Republicans are expected to roll out many new or potentially painful prescriptions for slowing the rise of the $15 trillion national debt. After failing repeatedly last year to forge a bipartisan consensus, few in either party see much point in trying again now.
Instead, Obama will on Monday reprise recommendations he unveiled last fall that seek to reduce borrowing by more than $3 trillion over the next decade while spending more in the short term to bring down persistently high unemployment.

The president’s blueprint calls for reductions in spending on federal health programs and the military, a small raise for federal workers and more than $1.5 trillion in new taxes on corporations, hedge-fund managers and the wealthy, in part through the expiration of the George W. Bush-era tax cuts on annual incomes of more than $250,000.

How your two monthpayroll tax cut was paid for (video)

The two month payroll tax cut is being paid for by a backdoor tax fee on home buyers. This amounts to thousands of dollars over the life of a mortgage for many buyers.

Shameful:

Video: Obama denies he is a big "Tax and Spend" liberal

Should Obama get the "Liar, Liar, Pants on Fire" award for this one?

“I know you hear a lot of folks on cable TV claiming that I am this ‘big tax and spend liberal.’ Next time you hear that, you just remind the people who are saying it that since I’ve taken office, I’ve cut your taxes. Your taxes — your taxes today, the average middle class family, your taxes today are lower than when I took office. Just remember that. We have cut taxes for small businesses, not once, not twice, but 17 times. The average family’s tax burden is among the lowest it’s been in the last 60 years. So the problem is not that we’ve been raising taxes. We’ve been trying to give families a break during these tough times,” Obama said at a campaign event in Scranton, Penn.

In the video, President Obama touts the alleged 17 small business tax cuts he claims to have signed.  The list can be found on this White House blog. Ironically, after forcing businesses to buy health insurance for employees or pay a penalty in 2014 as part of Obamacare, President Obama included, in the list of 17 small business tax credits, the Obamacare tax credit some small businesses can get to partially offset the cost of providing employee healthcare. The credit phases out in the future. The requirement to provide employee healthcare continues.Even the liberal Washington Post recognizes President Obama tells whoppers about tax cuts.

Dems on deficit reduction Supercommittee can't find cuts; suggest billions in stimulus and trillions in taxes

This has to be the least shocking story of the month.

(The Hill/OTM) — Democrats on the congressional supercommittee this week presented Republicans with a plan to cut the deficit that included billions of dollars in stimulus spending, aides told The Hill.

In a private meeting of the deficit panel Tuesday, Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, presented a proposal backed by a majority of Democrats on the panel that includes trillions of dollars in tax increases. The revenue would partially cover stimulus spending for the economy, aides said.

More than 50 percent of the deficit reduction in the plan would come from tax increases, one source said.

The plan from Democrats approaches the $3 trillion in deficit reduction that was included in the “grand bargain” that lawmakers debated over the summer.

Comedy Gold: Warren Buffet Opposes Obama's Buffet Rule (video)

Buffet's idea of a Buffet rule would only apply to the really rich making $50 million. President Obama set that limit at 50 times lower.



Buffet seems to have issues with Obama's jobs plan and taxes on small business men.

Fail: Obama Proposes to Pay for Porkulus II With Same Tax Hikes Democrats Wouldn't Pass in 2009

President Obama's plan to pay for Porkulus II primarily with tax hikes on small business men and others making over $200 thousand a year is dead-on-arrival in a GOP controlled House. Actually, it was D.O.A. in a Democratically controlled Congress in 2009.

President Barack Obama is proposing a series of tax increases, mainly on the wealthy, to help cover the cost of a $447 billion economic stimulus proposal, budget chief Jack Lew said on Monday.

Lew said Obama's plan would raise $400 billion over 10 years by placing new limits on itemized deductions for individuals making more than $200,000 a year and families earning more than $250,000.

President Obama: Getting to keep your tax money is "spending"

 What do you do is Republicans don't want to raise taxes? You redefine taxes as spending.



Whitehouse.gov:

...Now, there are obviously real differences in approach. I believe we need a balanced approach. That means taking on spending in our domestic programs and our defense programs. It means addressing the challenges in programs like Medicare so we can strengthen those programs and protect them for future generations. And it means taking on spending in the tax code — spending on tax breaks and deductions for the wealthiest Americans.

IRS Hires 81 New Employees to make Sure You Pay Your Tanning Tax

President Obama claims he hasn't raised any taxes, but the IRS is hiring people to collect them.

(US News)- The Internal Revenue Service says it will need an battalion of 1,054 new auditors and staffers and new facilities at a cost to taxpayers of more than $359 million in fiscal 2012 just to watch over the initial implementation of President Obama’s healthcare reforms. Among the new corps will be 81 workers assigned to make sure tanning salons pay a new 10 percent excise tax. Their cost: $11.5 million.

Obama Proposes Ten Year $1.5 Trillion Tax Increase

President Obama told Bill O'Reilly in his Super Bowl Day interview, he had never raised taxes. Now, he follows up that whopper with a budget proposal for $1.5 trillion in new taxes over the next 10 years.

• Raising the top marginal income tax rate (at which a majority of small business profits face taxation) from 35% to 39.6%.  This is a $709 billion/10 year tax hike.
• Raising the capital gains and dividends rate from 15% to 20%
• Raising the death tax rate from 35% to 45% and lowering the death tax exemption amount from $5 million ($10 million for couples) to $3.5 million.  This is a $98 billion/ten year tax hike
• Capping the value of itemized deductions at the 28% bracket rate.  This will effectively cut tax deductions for mortgage interest, charitable contributions, property taxes, state and local income or sales taxes, out-of-pocket medical expenses, and unreimbursed employee business expenses.  A new means-tested phaseout of itemized deductions limits them even more.  This is a $321 billion/ten year tax hike
• New bank taxes totaling $33 billion over ten years
• New international corporate tax hikes totaling $129 billion over ten years
• New life insurance company taxes totaling $14 billion over ten years
• Massive new taxes on energy, including LIFO repeal, Superfund, domestic energy manufacturing, and many others totaling $120 billion over ten years
• Read the rest of the proposed new taxes here.

Rasmussen: 69% Of Americans Oppose Higher Taxes To Lower Deficit

President Obama has formed a 'Debt Commission' to propose ideas for reducing the deficit. Most of the buzz around this commission has been about the possibility of new taxes. A VAT tax or national sales tax are ideas getting the most play. A new Rasmussen survey has found sixty-nine percent (69%) of Americans are unwilling to pay higher taxes to reduce the deficit. Americans don't feel under-taxed. They want the massive spending spree in Washington to end. Spending reductions anyone?

Rasmussen reported:

Only 18% of Americans are willing to pay higher taxes to lower the federal budget deficit, according to a new Rasmussen Reports national telephone survey...

Rep. Paul Ryan on Obama's New Taxes: "A Promise Was Made, A Promise Was Broken" (video)

The icing on the cake for this video is when Rep. Ryan calls the Obama administration a "Regime."



Here is a special bonus video of a "moonbat" at a Tea party rally claiming Obama is not raising taxes.