I have inserted, in italics, the TRUTH below the misleading statements in the story to demonstrate how President B.O. manipulates...
Obama Vows Reform of 'Monstrous' Tax Code
April 15, 2009
WASHINGTON - President Barack Obama promised Americans his administration would rewrite the "monstrous" U.S. tax code as millions faced an annual deadline on Wednesday for filing federal income tax returns.
Truth: He will make it easier for us to pay higher taxes.
Obama used Tax Day, a source of dread and frustration due to the welter of confusing paperwork required, to underscore his efforts to cut taxes for many Americans in the midst of the worst economic crisis in decades.
Truth: It was merely a tactic to intercept, distract, and diminish the impact of the 750+ Tax Day Parties going on in every state across the country.
"We know that tax relief must be joined with fiscal discipline," Obama told reporters as he met several families at the White House.
Truth: He knows that, but he refuses to do so. He has already proposed budgets that will create budget deficits that exceed the combined deficits of all previous U.S. presidents.
He also reiterated a pledge to "stop giving tax breaks to companies that stash profits or ship jobs overseas so that we can invest in job creation at home."
Truth: He wants to continue to raise taxes on U.S. corporations despite having the 2nd highest corporate tax rate in the world. As for "investing in job creation", that is code for take from the productive members in our society and redistribute to the nonproductive members of our society.
Obama is pushing a record $3.5 trillion federal budget plan that Republicans and some Democrats say is loaded with too much spending. He defends it as vital to boosting the recession-battered economy.
Truth: The bulk of his spending doesn't begin until, magically, just before the 2010 elections, and his spending programs are not focused on the "recession-battered economy" but rather are programs he has been promoting since well before the recession. That would be "education reform", "clean energy" and "health care", all three of which will require INCREASED TAXES and none of which will assist in economic recovery. Instead, they will further BURDEN a struggling economy.
Since taking office on January 20, Obama has also promised sweeping reform of the tax code. Former Federal Reserve Chairman Paul Volcker is leading a panel that will study options and report back by the end of the year.
Truth: He will propose the elimination of deductions of all sorts so as to increase tax revenues on the productive sector.
Seeking to tap into public exasperation with the tax system, Obama said: "We need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to work the system."
Truth: I repeat, he will eliminate myriad deductions for ALL Americans, and we will all pay higher taxes...except the losers who pay NO taxes because they live off OUR labors, not theirs.
"It will take time to undo the damage of years of carve-outs and loopholes. But I want every American to know that we will rewrite the tax code so that it puts your interests over any special interest. And we will make it quicker, easier and less expensive for you to file a return, so that April 15 is not a date that is approached with dread each year," he said.
Truth: By the "damage of carve-outs and loopholes" he means "eliminate all legitimate tax deductions" so you can pay ever higher taxes.