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Guns Guns Guns
Guest
Barack Obama campaigned in 2008 on tax cuts for most Americans and tax increases for the fortunate few.
He has delivered on the breaks and, for the most part, been unable to follow through on attempts to raise taxes.
Obama turned his call for middle-income tax breaks into law within a month of taking office, incorporating a $400-a-person tax credit for workers into the 2009 stimulus law.
In late 2010, with the economy still weak and Republicans gaining political clout, Obama agreed to an $858 billion tax cut that extended all of the George W. Bush-era tax cuts for two years.
Today, as Americans reach the fourth annual tax-filing deadline since Obama became president, they are encountering a tax system that relies on the architecture he inherited from Bush.
On top of that regime, Obama has added targeted tax breaks for small businesses, college students and low-income families, along with some tax increases for top earners to finance the expansion of health insurance coverage.
Income tax rates haven’t changed.
The estate tax affects fewer people and at a lower rate than when Obama took office.
Workers’ payroll taxes were reduced during 2011 and 2012.
http://www.washingtonpost.com/busin...cut-promises/2012/04/17/gIQADQiaOT_story.html
He has delivered on the breaks and, for the most part, been unable to follow through on attempts to raise taxes.
Obama turned his call for middle-income tax breaks into law within a month of taking office, incorporating a $400-a-person tax credit for workers into the 2009 stimulus law.
In late 2010, with the economy still weak and Republicans gaining political clout, Obama agreed to an $858 billion tax cut that extended all of the George W. Bush-era tax cuts for two years.
Today, as Americans reach the fourth annual tax-filing deadline since Obama became president, they are encountering a tax system that relies on the architecture he inherited from Bush.
On top of that regime, Obama has added targeted tax breaks for small businesses, college students and low-income families, along with some tax increases for top earners to finance the expansion of health insurance coverage.
Income tax rates haven’t changed.
The estate tax affects fewer people and at a lower rate than when Obama took office.
Workers’ payroll taxes were reduced during 2011 and 2012.
http://www.washingtonpost.com/busin...cut-promises/2012/04/17/gIQADQiaOT_story.html