It’s early in the Obama administration, and today is tax day. So now it’s time to look at one of Obama’s key promises: he would not raise taxes on the bottom 95% of Americans.
Today I’m not going to talk theory, and I’m not going to talk about what it means for the bottom 95% when the top 5% have their taxes raised. I’m just going to talk about taxes that will directly affect the bottom 95%.
First off, there’s the cigarette tax that just went into effect. This is not an income tax, but assuming that someone in the bottom smokes, it’s a direct tax on them. But then.. who does smoke?
Well, according to the Oral Cancer Foundation:
Smoking prevalence was higher among adults living below the poverty level (32.3 percent) than those living at or above the poverty level (23.5 percent).
So this is a.. poverty tax? I guess you could quit smoking to avoid the tax, but that wasn’t the promise. The no new taxes promise is broken. So if I hear one more person tell me that I’m a sheep because “Obama isn’t going to raise my taxes,” I am going to scream.
There will be an update when Obama raises the Energy tax. Remember, it was his Energy Secretary, Steven Chu, who said “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” which are roughly three times that of what they are here. Ready to pay $6/gallon?


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