Obama Administration Misleads the Country on Tax "Cuts"
Posted in the Henrietta Forum
Since: Nov 11
#1 Nov 20, 2012
The White House is promoting the extension of the Bush Tax Cuts for the middle class (which should really be called the Obama-Bush Tax cuts, since Obama extended them in 2010) as exactly that, tax cuts. But the truth is, an extension of the tax cuts wouldn't be a cut at all, but would keep tax rates at the current rate. The Obama admnistration is implying on the official WhiteHouse.gov website that a tax cut is coming for the middle class when in reality if a deal is made by January 1, middle class families won't see a tax cut but will keep the rates they currently pay.
The President said there's one thing we can do right now to provide a foundation for a solution that helps the economy and gives middle-class families more certainty in the coming weeks. And it's something that everyone agrees on: pass a law that would prevent any tax hike whatsoever on the first $250,000 of everybody’s income.
"That means every American, including the wealthiest Americans, get a tax cut," he said. "It means that 98 percent of all Americans, and 97 percent of all small businesses won’t see their taxes go up a single dime."
Can't be honest about anything.
Since: Mar 11
#2 Nov 20, 2012
Tell us something that a person with 1/2 of a brain wouldn't know. He and his staff lie everytime they move their lips.
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