"The Obama Plan Provides Generous Tax Cuts for Almost All American Families – and will not raise any tax rate on families making less than $250,000 per year, period!"
Translation: Bend over..
ObamaCare's Worst Tax Hike
For the first time, payroll levies will hit investment income.
The forced march to pass ObamaCare continues, and all that matters now is raw politics. But opponents should go down swinging, and that means exposing such policy debacles as President Obama's 11th-hour decision to apply the 2.9% Medicare payroll tax to "unearned income."
That's what savings and investment income are called in Washington, and this destructive tax wasn't in either the House or Senate bills, though it may now become law with almost no scrutiny.
For the first time, the combined employer-worker 2.9% Medicare rate would be extended beyond wages to interest, dividends, capital gains, annuities, royalties and rents for ...
http://online.wsj.com/article/SB10001424052748704131404575117623860083574.html#articleTabs%3Darticle
Columbus Townhall > Forum > Politics > National > Political Campaigns and Candidates (Moderators: Peter, CTH Public Relations)
Topic: Translating Obama-speak
