Bush extended the tax rates to the middle class in 2001 & 2003, not Obama. Obama and the Democrats ranted and lied about Bush’s tax cuts for over a decade, but extended them in 2010 and is praising them now.
77%, mostly the middle class, will see higher taxes. As the New York Times reports: “The tax this year will increase by two percentage points, to 6.2 percent from 4.2 percent, on all earned income up to $113,700. A household earning $50,000 in 2013, roughly the national median, will avoid paying about $1,000 more in income taxes — but pay about $1,000 more in payroll taxes.” Surprise Obama bold-faced lied to you America. I should also point out all the taxes in ObamaCare but most of you already know this since you’re not low-information Obama voters.
Obama’s approach has been to add $1 trillion plus dollars to the deficit each year he’s been in office. There has been no deficit reduction. Obama has been lying about his deficits all over TV. This past Sunday he lied on “Meet the Press” by claiming he reduced the deficit by $1 trillion as his Office of Management and Budget said he increased it by $147 billion from 2010 to 2011. The man has no problems lying to the taxpayers.
Reducing the deficit with $1 trillion in spending cuts? The deficit was $1.1 trillion last year. What idiot believes this is a $1 trillion cut?
This deal does not reduce the deficit as Obama pathologically lies. The CBO said it adds $4 trillion to the nation debt over 10 years.
The liberal, Obama-worshiping media will not report the truth about these numerous Obama lies.