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Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, an "Exit Tax" and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures.
Hillary has endorsed several tax increases on middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder that when asked by ABC's George Stephanopoulos if her pledge was a "rock-solid" promise, she slipped and said the pledge was merely a “goal.” In other words, she's going to raise taxes on middle income Americans.
Hillary Clinton would not veto a middle class payroll tax increase if it reached her desk as President, she said Monday at an Iowa candidate forum. The admission is a stunning reversal of her repeatedly stated pledge not to raise taxes on any American making less than $250,000 per year.
Clinton made the middle-class tax promise in November and in the ensuing weeks has continually cited the pledge as she campaigned across the country.
But on Monday, during the Brown & Black Democratic Presidential Forum at Drake University in Des Moines, Clinton was pointedly asked if she would veto a payroll tax:
Moderator Alicia Menendez: “Democrats have introduced a plan that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”
Hillary Clinton: “No. No.”
Clinton’s outright admission that she would break her middle class tax pledge follows a Dec. 6 remark that the pledge was a mere “goal.” The “goal” comment took place during an interview on ABC’s This Week hosted by George Stephanopoulos:
Stephanopoulos: “You are also saying no tax increases at all on anyone earning $250,000. Is that a rock solid read-my-lips promise?”
Clinton: “Well, it certainly is my goal. And I’ve laid it out in this campaign. And it’s something that President Obama promised. It’s something my husband certainly tried to achieve. Because I want Americans to know that I get it.”
The plan referenced in Monday’s forum is the FAMILY Act, which calls for a payroll tax increase on all Americans, levied on all wages up to $113,700.
Said Grover Norquist, president of Americans for Tax Reform: “Hillary is up front saying, ‘I’m going to lie my way into office.’”
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If prospective Hillary Clinton running mate Tim Kaine had his way, Virginia residents would be paying billions in higher taxes. As governor, Kaine sought to impose nearly $4 billion in higher taxes, including an income tax hike on families earning as little as $17,000 a year.
Income Tax Hike on Working Families: Kaine tried to Increase the bottom tax rate from 5.75% to 6.75%, directing affecting low income families earning as little as $17,000 annually.
We are going to ask every department head and government to provide a list of wasteful spending projects that we can eliminate in my first 100 days. The politicians have talked about this for years, but I'm going to do it.
originally posted by: angeldoll
Anybody who believes this country can continue to maintain it's standard of living without raising taxes for EVERYBODY has lost touch with reality. We want space travel, we want/need new infrastructure. The water pipes in the oldest parts of the country are toxic. We need to continue to take care of our sick and elderly, as well as destitute children.
And much more, things I'm not even thinking about right now. But we can NOT continue our current standard of living, which is rapidly going down the tubes, without raising taxes. I appreciate the honesty, as opposed to lies such as "read my lips no new taxes", only to get in office and see how dire the situation is, and then raise taxes despite earlier promises.
Hillary knows it, and she's being honest about it. There's no way around it.