A massive whopper? Free pass from the left again?
The Wall Street Journal editorial page, which Obama disparaged earlier in the O'Reilly exchange, takes umbrage at the president's claim and sets the record straight:
The Presidency is demanding, and with the Egypt mess and his other duties, perhaps Mr. Obama has forgotten some of his tax achievements. Allow us to refresh his memory. In his historic health-care bill, for example, there is the new $27 billion "fee" on drug companies that is already in effect. Next year, device manufacturers will get hit to the tune of $20 billion, and heath insurers will pay $60 billion starting in 2014—all of which are de facto tax increases because these collections will be passed on to consumers as higher costs. Of course, these are merely tax increases on business.
As for tax increases on individuals, perhaps he forgot the health-care bill's new 0.9 percentage point increase in the Medicare payroll tax for families making over $250,000 and singles over $200,000. That tax increase takes effect in 2013, as will the application of what will be a 3.8% Medicare surtax (up from 2.9% today) to "unearned income" for the first time. This is a tax hike on investment and interest income, which will reduce the incentive to save and invest.
Even Politifact -- whose credibility earns low marks from conservatives these days -- can't avoid rating the president's tax assertion as "false." They cite a few examples the Journal omitted, including a number of regressive tax hikes:
Answer by scout_mom at 10:14 AM on Feb. 9, 2011
He didn't raise the ones that could actually help the deficit if correctly applied- Just another puppet on a string-
Hope the Pubs have a sensible, independent ( as in not afraid to make a decision that might not pretty with the SI money) waiting i the wings-
Answer by Sisteract at 11:26 AM on Feb. 9, 2011
Answer by itsmesteph11 at 11:33 AM on Feb. 9, 2011
Answer by DSamuels at 11:55 AM on Feb. 9, 2011
Answer by jewjewbee at 2:30 PM on Feb. 9, 2011