Obama Panders to the Middle Class as He Lets Their Taxes Rise
By Patrick Brennan
January 2, 2013
Today in his weekly message, President Obama triumphantly claims to have shielded Americas middle class from a tax increase:
I just wanted to take a minute to explain to everyone what we were able to achieve this week. In the face of looming deadlines that would have taken a big chunk out of everyones bottom line, you know my top priority has been preventing a tax hike that would have hit 98 percent of all Americans in 2013, because the last thing middle-class families could afford now would be to pay upwards of $2,000 more in taxes this year. . . . Weve stopped that middle-class tax hike.
Unfortunately, the president is just wrong to claim that he prevented such an increase. His claims of being everymans palladium are simply false: Most Americans will see their taxes rise this year.
The president did sign a bill yesterday that prevented one middle-class tax hike the expiration of the Bush tax cuts for 98 percent of Americans but he makes no mention of the fact that he did absolutely nothing to block the expiration of the payroll-tax holiday, a tax increase on almost 100 percent of Americans (excepting the small number of state- and local-government employees who are enrolled in a different retirement system). And while it doesnt amount to $2,000 an American, the mean tax increase for the 77 percent of Americans whose overall taxes will be higher than they were in 2012 isnt far off, adding up to $1,635. Eighty-one percent of the middle quintile of Americans will see their total tax bills rise.
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Obama Panders to the Middle Class as He Lets Their Taxes Rise - By Patrick Brennan - The Corner - National Review Online