Back-Door Taxes Hikes to Hit the Middle Class

By Jesse Benton

A central plank to Obama’s camapign was a pledge not to raise taxes on the middle class. Here’s a video on how that is going. (Thanks to my friend Adam Radman at ATR)

Now, Reuters and Drudge are reporting on the back-door, sneaky way to the Administration is planning to cut the deficit – not by cutting spending, or trimming back our overseas empire. No, it’s to squeeze more money out of your pocket.

In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year — effectively a tax hike by stealth.

Read the rest here.

View the original article at Campaign for Liberty

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