- Sep 2, 2008
- Reaction score
Taxes at Lowest Levels in 60 Years -- Political Wire
Despite big tax cuts included last year's economic stimulus package, the latest CBS News/New York Times poll finds that as many as 34% of Americans think President Obama raised their taxes.
William Gale, head of the Tax Policy Center at the Brookings Institution, tells CBS News that federal taxes are actually "at their lowest levels in 60 years."
Said Gale: "The relation between what is said in the tax debate and what is true about tax policy is often quite tenuous. The rise of the Tea Party at at time when taxes are literally at their lowest in decades is really hard to understand."