The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

DNC Talking Point that 95% of Americans Got a “Tax Cut” is Bogus

Posted by iusbvision on April 18, 2010

The latest talking point from the left is that 95% of Americans got a tax cut. No they didn’t; what they got was a temporary reduction in the tax withholding tables but the rate didn’t change, so come tax time you have to make up for it with a check to the IRS or a smaller return. Don’t believe me? Check HERE and then look right at the IRS web site HERE. I love this part:

If you wind up owing tax because too little was taken out of your paychecks during 2009, you may qualify for special relief on a penalty that sometimes applies.

This “Obama tax credit” is actually a tax increase for some. Why? Because more people will end up not having enough withholding taken out and will have to pay the penalty.

Charles Krauthammer responds to the latest deceptive DNC talking point:

Obama claims that he is the great tax cutter, but the Republican Staff of the House Ways & Means Committee reminded us of the record so far:

Click to Enlarge

Of course there are also the hidden taxes which we pay in the form of higher prices:

Here come the new taxes with ObamaCare – UPDATED!

CBO: Democrats Health Care Bill Will Raise Family Insurance Premiums by $2100 Per Year. IUSB Vision analysis proved correct again!

IBD: 20 Ways ObamaCare Will Take Away Our Freedoms

Norton’s First Law in Action: How Philip Morris benefits from new tobacco regulation & taxes.

Cap & Trade broadbased energy tax is next on the agenda.

Previous Congress’ tax cuts to expire next year raising tax rates.

“Ask not for whom the tax bell tolls, it tolls for thee.”

Of course there is also the matter of the economic consequences of the government eating up credit – Just how out of control is government spending? 

New York Times/CBS Poll shows that Tea Party participants are wealthier and more educated than the general public: 

Tea Party supporters are wealthier and more well-educated than the general public, and are no more or less afraid of falling into a lower socioeconomic class, according to the latest New York Times/CBS News poll. 

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