In response to:

Obama Administration Misleads the Country on Tax "Cuts"

McGovern Wrote: Nov 19, 2012 3:29 PM
ModerateConservitive, I have to leave soon, and I still would like to hear your explanation of how rich people pay lower tax rates than the rest of us. They pay the same or higher rates on earned income that most of us pay, and they pay the same or slightly higher capitals gains taxes than the rest of us. Where are you claiming they pay lower rates?

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 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...