Posted Jul 29, 2016 by Martin Armstrong
QUESTION: Mr. Armstrong, I remember Obama promising to eliminate income tax on seniors. They always just say whatever gets them votes and never do anything they promise. Hillary is doing the same. It’s just more lies on top of lies.
ANSWER: Correct. Obama promised: “[We] will eliminate all income taxation of seniors making less than $50,000 per year. This will eliminate taxes for 7 million seniors — saving them an average of $1,400 a year– and will also mean that 27 million seniors will not need to file an income tax return at all.”
One of Obama’s 2008 campaign pledges was to end taxes for seniors making less than $50,000. When he submitted his budget in 2009, that wasn’t part of the tax cuts in the economic stimulus bill, also known as the American Recovery and Reinvestment Act. This promise was a total lie. It wasn’t even in Obama’s first budget outline, which was approved by Congress on April 2, 2009. He never even bothered to try to make any tax legislation proposal!
This is why we are in a global trend of anti-career politicians. Abraham Lincoln said, “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”
Tags: American Recovery and Reinvestment Act, Income Tax, Obama, Taxes