posted on Feb, 21 2009 @ 12:11 PM
Last year, candidate Barack Obama repeatedly pledged that no American earning under $250,000 per year would face any form of tax increase should he be
For example, on September 12, 2008, he declared:
"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your
payroll tax, not your capital More..gains taxes, not any of your taxes."
However, in early February, just days into his presidency, President Obama signed the State Children's Health Insurance Program (SCHIP) legislation.
This puts into effect a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack.
According to Americans for Tax Reform -- a non-partisan coalition of taxpayers and taxpayer groups who oppose all federal and state tax increases --
Obama's new tax increase will be borne largely by the very middle- and low-income Americans he said he would not raise taxes on:
* 55 percent of smokers are "working poor";
* One in four smokers live below the poverty line;
* On average, smokers, whose median income is a little more than $36,000, make about 30 percent less than non-smokers.
"Obama just raised taxes on millions of lower-income Americans. His central campaign promise was a lie," bluntly declared Grover Norquist, president
of Americans for Tax Reform.