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Tax Cuts for Wealthy Instead of Middle Class

Obama Taxes Policy Tax Cuts for Wealthy Instead of Middle Class

Bush tax cuts give those who earn over $1 million dollars a tax cut nearly 160 times greater than that received by middle income Americans. At the same time, this administration has refused to tackle health care, education and housing in a manner that benefits the middle class. OBAMA AND BIDEN’S PLAN TO STRENGTHEN THE ECONOMY “There are some who believe that we must try to turn back the clock on this new world; that the only chance to maintain our living standards is to build a fortress around America; to stop trading with other countries, shut down immigration, and rely on old industries. I disagree. Not only is it impossible to turn back the tide of globalization, but efforts to do so can make us worse off. Rather than fear the future, we must embrace it. I have no doubt that America can compete — and succeed — in the 21st century. And I know as well that more than anything else, success will depend not on our government, but on the dynamism, determination, and innovation of the American people.” – Barack Obama, Speech in Flint, Michigan, June 16, 2008

— Obama Policy Source: BarackObama.com

 

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