Barack Obama repeated over and over that he was going to reduce taxes on 90% of Americans. Now the Congress is ramming through a Cap and Tax program that CBO says will cost the average household $175 a year. That is the cost of just running the system. They didn’t factor in the decrease in GDP that is likely to happen.

When the Heritage Foundation did a more comprehensive analysis, they found that the bill will cost the economy $161 billion in 2020, which is $1870 for a family of four. As the bill takes effect, the cost is estimated to rise to $6800 per family.

What happened to the promise of tax cuts for 90% of Americans? Oh yea..they are from the master of words…they were just empty words. The only thing he said was true was “change”. He is changing America alright. We are going from a nation of achievers to a nation of beggars.

The current batch of Democrats are living up to the “tax and spend liberal” label like never before in my life.  The Republicans were spent too much when they were in power, but this is taking fiscal irresponsibility to epic proportions.

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