A nonpartisan study is casting new doubt on President Obama's campaign pledge not to raise taxes on the middle class.
The Senate health care bill crucial to saving President Obama's signature domestic initiative will hit the wallets of a quarter of all Americans making less than $200,000 per year, according to an analysis by the nonpartisan Joint Tax Committee that assessed the way the bill would hit taxpayers directly through new taxes and fees and indirectly through taxes levied on health care providers and passed on to consumers.
The committee also determined that the bill would subsidized insurance premiums for 7 percent of taxpayers -- about 13 million people -- while some 73 million people would face higher costs from the new fees and taxes.
I, for one, am shocked. Obama promised us he would not raise taxes on the middle class. It's getting to the point in which I am having trouble believing what he says. I'm so disillusioned. Sigh.