Higher Taxes For All In Obama Budget, $1.6 Tril 2010 Deficit

Investors.com – Higher Taxes For All In Obama Budget, $1.6 Tril 2010 Deficit.

Yes, yes, he says he cut taxes for 95 percent of those who pay taxes.  The problem is he raised taxes on 100 percent of the people who pay them.

The tax hikes come in the form of some programs lapsing and others being initiated.  They add up to approximately 1 trillion dollars over five years. 

This budget is full of deception.  It includes revenue from “cap and trade” taxes.  Something that has not been passed yet and hopefully never will.