As we're all aware, the compulsive liar-in-chief campaigned on a promise that he would not raise taxes in any way shape or form on people making less than $200,000 per year. In his first act in office, he signed a bill raising taxes on cigarettes, but apparently only on rich smokers I guess. He has long been set to allow the "Bush tax cuts" to expire. These cuts lowered every single tax bracket, not just one. Allowing them to expire (why they ever had an expiration date is beyond me) WILL raise taxes on everyone, including those making less than $200,000. But he's not raising taxes, he's just allowing them to go up. Oh, and by no stretch of the imagination is this going to be just the second time he's raised taxes that affect people making less than $200,000.
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