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Obama Administration Misleads the Country on Tax "Cuts"

firetoice Wrote: Nov 19, 2012 1:52 PM
Social Security has already been addressed. They've reduced the FICA tax rate. Didn't that solve the problem?

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...