Taxes

I didn't raise taxes

"I didn't raise taxes once, I lowered taxes over the last two years."

President Barack Obama, 2.6.11

It would appear the phrase "I didn't raise taxes" would be crystal clear, and certainly when said by the president stated it, everyone could be confident of its meaning. However, this statement must mean something different to Barack Obama.

Americans are aware when the cost of something goes up. When something costs more due to a change in taxes, Americans call this a tax increase.  Seems simple enough.

Who Is Really Responsible For High Gasoline Prices?

May 12, 2011: This morning's news presents us with visions of energy CEOs called in front of Congress due to high gasoline prices.

Energy companies make a profit of 7 - 10 cents per gallon of gasoline sold. Those pennies add up, that's a lot of money. These companies are in the business of making money; by that measure they're successful.

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