This weekend on CNN Robert Gibbs, a surrogate for President Obama, said Obama was 100 percent committed to letting the Bush tax cuts expire for those making above $250,000 a year. Given Obama’s track record on his tax related campaign promises, I have a tough time believing his team on this issue, and I’m likely not alone. When it comes to keeping his tax promises, Obama’s record falls somewhere between poor and abysmal.
Most important is his comically bad record on identical promises he previously made about the Bush tax cuts. Obama spend years campaigning on his promise to let the Bush tax cuts expire for those making over $250,000. Yet for his first two years in office Obama completely failed to achieve this goal. Obama could have easily ended this tax break using reconciliation when he still had very large Democratic majorities in Congress. Not only did Obama fail to do that, but his team made no serious effort during those months when they stood the best chance of succeeding.
After basically ignoring the promise for two years, Obama was forced to deal with it when all the Bush tax cuts were scheduled to expire. At that critical moment, instead of sticking to his promise, Obama completely folded. Not only did Obama give in to Republican demands to extend them all, but in his public statements afterwards he seemed to imply he would have to fold if the GOP used the same tactics again.
His past failure on this exact same promise should be enough to destroy Obama’s credibility for the second go around, but this is not the only big campaign tax promise on which Obama completely reversed himself.
During the 2008 campaign, Obama hammered John McCain relentlessly on taxing health insurance, saying McCain would tax employer provided health insurance. Yet when Obama took office that is effectively what he did. The Affordable Care Act contains a provision that will tax insurance companies offering plans over a set value. While this legalistic workaround may allow Obama to claim he technically kept this promise, he broke it in both spirit and practice. Regardless if you put the tax on the seller or the buyer in the transaction, the impact is basically same.
Unlike the Bush tax cut extension, though, Obama can’t claim the GOP “forced” him to break this tax promise. Obama actively worked to break this one on his own.
Finally there is the tax penalty associated with individual mandate. Following the Supreme Court declaring the mandate’s fee can be regarded a tax, Republicans are pointing to it as proof Obama broke his promise by raising taxes on people in the middle class. The Obama team is offering a decent defense against this attack on the semantic grounds about what a “tax” is. But even if you don’t buy this GOP tax argument, the mandate’s penalty tax is still a real strike against Obama’s credibility. Obama campaigned vigorously against the mandate, making it a key distinction between him and Hillary Clinton. This didn’t stop Obama from breaking this promise against a mandate once in office.
Now that we are back in campaign mode Obama has a new tax promise, which is basically a recycled version of a 2008 campaign promise Obama completely failed to keep. Given the man’s track record on this topic, though, there is simply no reason to lend any credibility to this do-over promise.




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Obama has Credibility Problem Period!
Obama has never kept any promises he made to progressives and never will. “thus the role of a Trojan Horse”
The idea of calling OBAMA a democrat like he has views like FDR is comical.
Obama just got out raise by 35 million dollars? his masters must not need him anymore.
Crooks or Republicans and Democrats have a way of looking out for number 1, when their leaders are thrown out with the trash. Obama masters have clearly realize they no longer need him.
Obama must slaughter Romney in the Debates to win in November.
Why? Presidents who like 8.2% un-employment like OBAMA don’t get re-elected.
What did Obama do to reduce un-employment? anything? NO
But the other guy sucks more.
How can he extend the middle class tax rates without doing the same for the top income level? Oh well guess we just need to extend all the tax cuts.
You broke the code. Compromise will mean all tax cuts continue and Obama will cut SS and Medicare to pay for them. Bill Clinton will applaud and Harold Ford will slobber in happiness.
Does that mean that Obama is a Hoover and Romney is a Dyson?
“Compromise will mean all tax cuts continue and Obama will cut SS and Medicare to pay for them.”
This would not be a compromise, it would be a capitulation. Compromise requires that both parties give up something to get something. This would be a wholesale surrender to the republicans but then, what else is new.
It amazes me how we are allowing politics to rewrite the English language.
Obama redefines “capitulation” as “compromise”.
SCOTUS redefines a “penalty” as a “tax”.
And most ominously, I read yesterday about a congress critter in Colorado who is trying to circumvent the First Amendment by redefining religion.
In.re. unemployment, there was O’s stimulus package full of tax cuts that did save some government jobs before he started to purge government jobs.
I report, you decide.
Yes! Because like a Dyson, Rmoney is VERY VERY VERY good at sucking (up every last penny you have)…
Obama sucks less strongly… but sucks up pennies, nonetheless…
Hell, with Obama redefining terminology, the term “spelunker” now means “mountain climber”. And the sheeple applaud.
My prediction: the Obama Tax Cuts for the Outrageously Wealthy will continue ad nauseum….
1%ers reach new high in good taste.
That just means that O is less accomplished at “sucking” than Romney, who is older and has more experience which earns him the title of the NAFTA of sucking. Given enough time, O may surpass him and inherit the mantle.
If the Dems had approved ending the millionaire’s tax breaks, they would have been voting against their own best interests, since most of them are millionaires. That was not about to happn then and I very much doubt it will happen now. We are hearing the baloney of the campaigner Obama.
Followed the link. You never cease to amaze me. Do you ever sleep?
Campaigning seems to be his only skill because it only involves rhetoric. He won American Idol, so he gets to be President.
No, you’re not alone. But it does seem a LOT of liberal bloggers and voters can’t remember as far back as Dec 2010, when Obama caved in to GOP on the Bush Tax Cut extensions, which pretty much shot any credibility on taxes he had with me straight to hell. Tired of this game, tired of the President’s words. tired of falling further and further down the cracks financially and employment-wise while liberals fist-pump over Obama’s kill rate while screaming at me that the “other guy” is worse. Who has prospered under Obama? The 1%. Who can we reasonably expect to prosper under Obama’s 2nd term, based on what we know of him from his 1st term? The 1%. Who can we expect to prosper under Romney? The 1%. Tell me why I have to vote for Obama again?
There’s this thing called teh google.
You should see the ads I get.
That, believe it or not, is why O got the Nobel PP. He was considered to be a Rock Star in Europe, and that was the only way a small country like Norway could get him to visit.
I kid you not. I learned this from a book-tv program interviewing author of a book on previous PP winners. At the end of the program, interviewer asked author why he thought it was awarded to O, which was after the time frame of his book. Author replied as I’ve indicated. The first couple of times he got it from his contacts, he was skeptical, but reported that it was widely known.
Europe was so disgusted with the effects of the reign of Bush the Lesser that O’s BS was a welcome change. They proved to be just as susceptible to the hopey-changey rhetoric as those in the US who supported the poseur, and rationalize doing so again, in spite of his record.
I’m charisma challenged. I sniffed out O as a bad guy before I had any evidence.* Even so, when I saw all the swooning & palpitations, my jaw dropped. Even if you thought he was a good guy, his speeches are not inspired at all. PP speech: War Is Peace.
I was left unmoved by Elvis, but the Beatles did have some good music.
*I have the same intuition about Dilma Rousseff.
obama has no credibility in my book and that’s across the board.
When I read “How can he extend the middle…” my brain substituted “finger” for the rest. That’s what I believe Obama’s specialty is.
My board too! Lost my vote some time ago. I can vote Green party here in Texas without helping Romney who’ll win our state anyway.
Yaaaaaaaaaa. Hello! Do ya think? Not to mention his job outsourcing record.
How many words in this article?,i don’t know.I can end it in 4 words:
OBAMA IS A LIAR.
you can’t fool all of the people all of the time.
tell Obama,16th said that.
I’ll hold the ball, Charlie Brown, and you come running up and kick it.
Fuck Barack Obama.
He’s a smug, prevaricating motherfucker and the dystopia he has promoted will not be addressed by talking about him. Why is anyone even talking about this utter failure of a presidency?
Occupy the truth – we’re fucked and Obama is currently the principle fucker.
Vote for Jill Stein…
or Rocky Anderson…
Anyone BUT Obama…
De-elect the rat bastard.
I always preferred the Stones. I have the same feeling about Rouseff. She’s done very little to rein in the corporate rape of the Amazon Rain Forest and the indigenous people.