Politics and Religion

Obama and MSM Big Lie
NCJimbo 2687 reads
posted

Yesterday on the radio, I heard the host say that the main stream media aand Obama has told the America people a big lie about taxes. That is only the rich got a tax cut under Bush and the middle class got nothing.  Search the net for Bush tax cuts and to a little research and you will see that is wrong. Go to fact check.org and search there. The following is what I found this morning:


As Congress debates whether to renew tax cuts enacted early in the George W. Bush presidency, as well as various economic stimulus plans, critics often label the measures as "tax cuts for the rich." Yet a new report from the National Center for Policy Analysis (NCPA) says the Bush tax cuts made the tax code more progressive, no matter how progressivity is measured. In fact, the report concludes that every major tax change (Republican or Democrat) over the past two decades has increased the share of taxes paid by the wealthiest Americans.

The top 1 percent of income earners pay more than one in every three dollars the IRS collects in taxes. From 1986 to 2004, the total share of the income tax burden paid by the top 1 percent of earners grew from 25.8 percent to 36.9 percent, while the total share of the tax burden paid by the bottom half of earners fell from 6.5 percent to only 3.3 percent.

The other part of the lie is that if elected Obama and the Dems will let the tax cuts expires in 2010 and it will automatically go back to pre- cuts levels and the middel class will get a tax increase.  

I challenge anyone to prove what I stated here is wrong about Bush tax cuts. Nothing from Obam site, or sites daily kos.

Register Now!