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Obama Administration Misleads the Country on Tax "Cuts"

rauljg69 Wrote: Nov 19, 2012 3:12 PM
YES, I think a combination of spending cuts and revenue increases attacks the deficit more then just spending cuts alone. YES YES YES. Simple mathematics and every major economist and the CBO agrees.

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...