4.14.2010

Sarah Palin expresses support for Obama tax cuts at Tea Party rally

At a Tea party rally today in Boston, Sarah Palin cma eout in enthusiastic support of President Obama's tax cuts to 95% of working Americans.
MSNBC

"We need to cut taxes, so that our families can keep more of what they earn and produce and our mom-and-pops then, our small businesses, can reinvest according to our own priorities, and hire more people and let the private sector grow and thrive and prosper."
It's refreshing that the governor, who has criticized President Obama on taxes, can now embrace the sweeping tax cuts that he's made.

PoliticFact checked Obama's claim:
"We cut taxes. We cut taxes for 95 percent of working families. We cut taxes for small businesses," Obama said. "We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college."

The key word in his statement is "working." Obama's claim is based on a tax cut intended to offset payroll taxes. Under the stimulus bill, single workers got $400, and working couples got $800. The Internal Revenue Service issued new guidelines to reduce withholdings for income tax, so many workers saw a small increase in their checks in April 2009.

During the campaign, the independent Tax Policy Center researched how Obama's tax proposals would affect workers. It concluded 94.3 percent of workers would receive a tax cut under Obama's plan based on the tax credit to offset payroll taxes. According to the analysis, the people who wouldn't get a tax cut are those who make more than $250,000 for couples or $200,000 for a single person.
CBS News highlights a problem: although 95% of working families got tax cuts, very few know about them
Here's the poll question: "In general, do you think the Obama Administration has increased taxes for most Americans, decreased taxes for most Americans or have they kept taxes the same for most Americans?"

The answer:
• 24 percent of respondents said they INCREASED taxes.
• 53 percent said they kept taxes the same
• And 12 percent said taxes were decreased.

Of people who support the grassroots, "Tea Party" movement, only 2 percent think taxes have been decreased, 46 percent say taxes are the same, and a whopping 44 percent say they believe taxes have gone up.

So why don't more people know about them? Go back to the top of the story. Or listen to the rhetoric:
MSNBC

"Is this what their 'change' is all about?" Palin asked. "I want to tell 'em, nah, we'll keep clinging to our Constitution and our guns and religion — and you can keep the change."
The change is here, some are just willfully ignoring it.

No comments: