neutral economists insist that, under the Obama administration, the overwhelming likelihood is that your tax burden has gone down, not up. Even conservative economic analysts acknowledge that there really is no basis for middle- and working-class Americans to believe that they're suddenly paying more.
"The only tax I think that has been put in place so far is an increase in the federal cigarette tax. I can't think of another Obama tax that has gone in place so far," said Chris Edwards, Director of Tax Policy Studies at the conservative Cato Institute. "I would say that people are angry because big taxes are coming down the road because of the gigantic deficit built up under Bush and continued under Obama."
And yet, Tuesday is expected to bring a range of hotly-charged rhetoric over the damage this 'tax-and-spend' president has done to the general public's bottom line.
A look at the numbers tells a different story. For starters: the non-partisan Center for Budget and Policy Priorities reported on Wednesday that "Middle-income Americans are now paying federal taxes at or near historically low levels." How low? The average family of four right now is paying 4.6 percent of its income in federal income taxes -- the second lowest percentage in 50 years.
Citizens for Tax Justice, a self-described non-partisan organization, released a report on Tuesday that read: "The 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals." This total includes the 95 percent of working families that will or have received tax credits in the range of $400 to $800.
Answer by sweet-a-kins at 10:27 AM on Apr. 15, 2010
Answer by Anonymous at 10:32 AM on Apr. 15, 2010
:32, Google is your friend...
Answer by Anonymous at 10:44 AM on Apr. 15, 2010
Answer by Anonymous at 10:57 AM on Apr. 15, 2010
Answer by Carpy at 11:07 AM on Apr. 15, 2010
Answer by ldmrmom at 11:10 AM on Apr. 15, 2010
It is courtesy to link your original article so everyone can read and conclude for themself. I suppose I have to use google because someone is too lazy to be courteous. Perhaps I should just assume that they know that the article doesn't support the argument so they purposely avoid providing a link.
Answer by Anonymous at 11:10 AM on Apr. 15, 2010
For the love of God, please Google tax increases and see all the new taxs that start this year and grow next year. There are pages and pages from reputable sources outlining Obama's tax increases.
Answer by MunchMunch at 11:14 AM on Apr. 15, 2010
Answer by older at 11:18 AM on Apr. 15, 2010
Answer by momtolucas2002 at 11:25 AM on Apr. 15, 2010