Poverty Is Rising, But State Tax Systems Burden The Poor, While Rich Get Off Easy (CHART)
Tuesday, September 27, 2011
Poverty Is Rising, But State Tax Systems Burden The Poor While Rich Get Off Easy
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As did extending Bush's tax cuts.
With Obama's deal to preserve Bush's tax cuts for the rich (making it Obama's tax cuts for the rich), 99ers were cut off. Of the 6 million people currently receiving unemployme
David Cay Johnston on Democracy Now! on Obama's deal to extend Bush's tax cuts "The worse off you are, your taxes increase":
"The bottom roughly 45 million families in America or households in America—and there are a little over 100 million households —they’re going to actually see their taxes go up. Republican s got an extraordin arily good deal, that raises, I think, basic questions about the negotiatin g skills of the President. "
And even more -- The payroll tax 'holiday' in the deal (and in Obama's 'American Jobs Act') sets SocialSecu
Extending Bush's tax cuts was an absolutely wretched deal, but standard for Obama, who has a long record of negotiatin
The purpose of the deal was so that Democratic political operatives could say, "Obama helped the unemployed
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