The Orator in Chief wants to play a shell game with American taxpayers. He’s about to pull a bait and switch that would be the envy of even the most unscrupulous salesman.
Barely three months removed from the fiscal cliff deal that made “permanent” the inflation-adjusted $5 million exemption and set the top rate at 40% President Obama’s recently released budget includes changes. The White House is proposing to lower the exemption to $3.5 million and raise the top rate to 45%.
For someone who gets giddy at the opportunity to demonize “millionaires and billionaires” who fail to pay their “fair share” in taxes President Obama needs a lesson in fairness. At last check it is patently UNFAIR to make a deal – a PERMANENT deal – and then change it before the ink is dry.
Three months Mr. Obama? C’mon man!
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