Reuters is claiming that Obama’s plan to reduce the deficit includes increasing taxes on the middle class. The story was originally posted to the internet Monday evening with the title “Backdoor Taxes to Hit the Middle Class”. It clearly lays out the case that Obama is going to break his well known campaign promise [...]
The House passed an extension of the estate tax (death tax) on Thursday, Dec. 3rd. The tax was supposed to temporarily expire next year, but those in power couldn’t stand to let money stay in the hands of citizens. The extension places a 45% tax on estates worth over 3.5 million dollars. This extension could [...]
During the campaign, we all heard Obama say over and over again that he would not raise taxes on people making less than $250,000 a year. George Stephanopoulos, on his “This Week” program, asked Treasury Secretary Giethner if taxes would have to be raised on the middle class to lower the record deficit the [...]
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