That's right "Taxed Enough Already" party with your silly tea bag hats and occasionally racist signs, you GOT A TAX CUT under President Obama. He's actually cut taxes MORE than Bush! I know this comes as a HUGE shock to Faux "news" watchers, but it's true... Obama the Silent Tax Cutter [...]Analyst Michael Linden found that if one compares the cost of tax cuts in just the first four years of Bushs term (200104) to the first four years of Obama's (200912), Obamas tax cuts are bigger. The value of the Bush tax cuts were about $475 billion in those first four years, or about 1.1 percent of GDP. Obamas total about $1 trillion, or 1.6 percent of GDP. Obama has cut taxes to lower levels than Bush did, says Linden. This is because, of course, Obama thus far has extended all of the Bush tax cuts and then cut taxes on top of that. His original stimulus bill in 2009 had $290 billion in Making Work Pay tax cuts. His speech Thursday night before Congress advocated for another $175 billion in payroll tax cuts, which come on top of $110 billion from last Decembers budget deal. Speeded-up expensing for business adds another $10 billion or so. All in all, Obama is responsible for many billions in tax cuts, yet the popular perception is that he has raised taxes.