A small updated list of the broken campaign promises made by President Obama.

Here is a small updated list of the broken campaign promises made by President Obama:

1.  End income tax for seniors making less than $50,000, This would of eliminated all income taxation for 7 million seniors making less than $50,000 per year.

2.  Allow penalty-free hardship withdrawals from retirement accounts in 2008 and 2009.

3.  End no-bid government contacts over $25,000. This would of ensured that federal contracts over $25,000 are competitively bid.

4.  Allow five days of public comment before signing government bills. This would of reduced bills being rushed through Congress and to the president before the public had the opportunity to review them. In other words, Obama said, “he will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.”

5.  Tougher rules against revolving door for lobbyists and former officials. This would of stopped political appointees in an Obama-Biden administration from being permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration.

6.  Pay for the national service plan without increasing the deficit. This would of maintained fiscal responsibility and prevent any increase in the deficit by offsetting cuts and revenue sources in other parts of the government (to pay for a national service plan that will cost about $3.5 billion per year when it is fully implemented). This plan will be paid for in part by canceling tax provisions that would otherwise help multinational corporations pay less in U.S. taxes starting in 2008 by reallocating tax deductions for interest expenses between income earned in the U.S. and income earned abroad. The rest of the plan will be funded using a small portion of the savings associated with ending the war in Iraq.

7.  Reduce earmarks to 1994 levels. This would of committed to returning earmarks to less than $7.8 billion a year, the level they were at and before 1994.

8.  Create a $3,000 tax credit for companies that add jobs. This would have provided existing businesses with receiving a $3,000 refundable tax credit for each additional full-time employee hired.

9.  Negotiate health care reform in public sessions televised on C-SPAN.

Anyway, the list of broken promises go on and on.

This entry was posted on 17. January 2010 at 22:31 and is filed under Corruption And Lies, President Obama, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.