To hear the media report it, President Obama is proposing a tax increase on wealthy Americans. That's misleading at best. He's proposing that everyone receive a continuation of the Bush tax cuts on the first $250,000 of their incomes. Any dollars they earn in excess of $250,000 will be taxed at the old Clinton-era rates.Get it? Everyone is treated exactly the same. Everyone gets a one-year extension of the Bush tax cut on the first $250,000 of income. No "class warfare."Yet regressive Republicans want Americans to believe differently. The editorial writers of the Wall Street Journal say the president wants to extend the Bush tax cuts only "for some taxpayers." They urge House Republicans to extend the Bush tax cuts for "everyone" and thereby put Senate Democrats on the spot by "forcing them to choose between extending rates for everyone and accepting Mr. Obama's tax increase."Pure demagoguery.Regressives also want Americans to think the president's proposal would hurt "tens of thousands of job-creating businesses," as the Journal puts it.More baloney.A small business owner earning $251,000 would pay the Bush rate on the first $250,000 and the old Clinton rate on just $1,000.
like i said if you hear the rant by all righty's in lockstep it's more than likely to be a lie, they cherry picked and created their story then put it out there over and over again, it will stick in it's made up version, people tend to gravitate to bad news so they recall better then the lesser good things the Pres. has done in spite of their obstruction.
Yet regressive Republicans want Americans to believe differently. The editorial writers of the Wall Street Journal say the president wants to extend the Bush tax cuts only "for some taxpayers." They urge House Republicans to extend the Bush tax cuts for "everyone" and thereby put Senate Democrats on the spot by "forcing them to choose between extending rates for everyone and accepting Mr. Obama's tax increase."
now we need to step up and do this same kind of fact checking and post after double checking the exposing of that dishonesty by the republicans.
