Obama's tax cuts

Obama Taxes America's Patience

While you would never know it from the mainstream media, President Obama's approval ratings are the second worst for any President after 100 days in forty years. Only Bill Clinton's numbers were worse--and by one percentage point! That outlook is unlikely to improve once taxpayers realize the impact of this week's budget resolution. Not only are they on the hook for the President's $3.5 trillion plan, but their middle-income tax cuts--a signature promise of Obama's candidacy--were dropped from the budget package to make room for the administration's radical social policies. Now that the President has committed Americans to roughly $10 trillion of government spending, he has quietly decided not to extend the middle-income tax relief beyond this year. In February, the stimulus package included a tax credit that provided $400 to individuals and $800 to married couples. Now it appears this "relief" will be a one-time affair. Faced with the decision to keep his word to 95% of Americans or scrap it in favor of his aggressive social agenda, President Obama (much like Bill Clinton after 1992) chose the latter. Why is the middle class not being allowed to keep its modest tax break? To paraphrase Willie Sutton, who was asked why he robbed banks, it's because "that's where the money is." The middle-class tax cut mirage is fading quickly as we approach Obama's first summer in office. Additional Resources Gallup Poll on Obama's first 100 days Associated Press: Taxpayers to get rude surprise
Speak up or Pay up!