Wednesday, September 07, 2011

LOL. Obama Claims "Biggest Tax Cut in History"

I think Obama has been claiming this for quite a while and he said it again, recently, on September 5.

“We said working folks deserved a break, so within one month of me taking office, we signed into law the biggest middle-class tax cut in history, putting more money into your pockets.”

According to The Washington Post Fact Checker, Obama is telling quite a lie.  When most people think of a "biggest tax cut in history", they think total dollars, right?  But when Obama claims it, he means a tax cut to the broadest section of the population.

“The point the president was making that is there is not a tax cut that has been enjoyed by such a broad section of the population,” an administration official said, pointing to a report that said that 95 percent of working families received some kind of tax cut under the Making Work Pay provision in his stimulus bill. 
In other words, this isn’t about the size of the tax cut, but about the fact that every working family, except those making more than $190,000, received as much as $800 in tax cuts.

So he and his followers are claiming the "biggest tax cut in history" was issued by Obama when he first took office and look how it has failed to help the economy.  Well I must have been in that 5% that didn't get a "tax cut" even though I am under the millionaire and billionaire $190,000 threshold.  Maybe I did get a "tax cut" and ended up taking my family out to pizza with it.  I certainly don't remember any difference when I filed my taxes in '09 and '10.  

Despite what the ignorant Left thinks, a few hundred dollars in everybody's pocket is nice but it won't turn the economy around especially when Obama is expanding government spending at a record pace.

I am pleased the Fact Checker gave Obama 

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