Obama and Taxes

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Peter Suderman calls out President Obama as a tax cheat today. “If you make less than a quarter of a million dollars a year,” Obama said on the campaign trail, “you will not see a single dime of your taxes go up.” But according to the Joint Committee on Taxation, taxpayers earning less than $200,000 a year will pay nearly $4 billion more in taxes in 2019 thanks to a change in the medical expense deduction mandated by the recently passed healthcare reform bill. J’accuse!

Well, maybe. But I need some help here. When Obama made his campaign pledge, he was talking about his comprehensive tax plan. He wasn’t promising that no bill he ever signed would ever raise taxes in any way for the under-$200,000 crowd, was he?

I’d like to set the record straight on this because it keeps coming up over and over and over. It came up in the context of an increase in cigarette taxes. It came up in the context of cap-and-trade. Now it’s come up in the context of the healthcare bill — which has other tax increases that would hit middle class families too. (Why do you think unions were opposed to the excise tax?) So: did Obama promise to never raise taxes in any context for any purpose for all time for everyone making less than $200,000? Or was it always just in the context of his specific campaign tax plan?

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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