For over 10 years, Obama and Democrats demonized Bush saying he gave tax cuts only to the rich. But now, they sort of admit the Bush tax cuts went to everyone. You are confused. What’s going on?
Let me explain. First, Obama refused Republicans’ requests to make these tax cuts permanent. Because of Obama’s refusal, in 2013, rates for everyone will rise. Then, Obama will step in and give the middle class a “tax cut” from the amount they have risen because Obama refused to make the tax cuts permanent.
After all this jugglery, we are left with the following: Democrats lied for 10 years saying Bush gave tax cuts to the rich, when, in fact, Bush gave tax cuts to everyone. Now, they want to allow the tax rates on the middle class to rise, so Obama can blame Republicans for allowing the rise, and then be a hero and reduce the rates he allowed to rise in the first place.
At the end of the day, you will be paying exactly what you paid before Obama juggled around the tax rates. You wont get a tax cut, but Obama intends you to think you did, and be appropriately grateful to him for having “saved” you from evil Republicans who want to raise your taxes!!
Got it? Are you suitably grateful?
Or have you discovered that Democrats lie. And that they do not care how much uncertainty they generate in the marketplace and how they damage the economy?