Little-Acorn
02-25-2009, 02:46 PM
In his speech last night, President Obama announced that ALL families making less than $250,000/yr, "would not see their taxes increased a single dime" under his administration.
Recall that George W. Bush's tax cuts will expire in 2010. This is due to a clause Democrats forced to be included in the tax cuts, under threat of the Democrats defeating ALL the tax cuts by filibuster if the time limit wasn't put in. Many families making less than $250K, had their taxes reduced by those tax cuts, and faced their taxes being increased again due to the Democrats' time limit.
In what was probably the most encouraging part of Obama's speech, he promised them that no such increase would happen, except to families making OVER $250K, which is only a small fraction of the families involved.
Kudoes to President Obama. He is starting off on the right track. I fully support his initiative in this matter. And if he keeps on in this vein, I will consider voting for him in 2012.
Recall that George W. Bush's tax cuts will expire in 2010. This is due to a clause Democrats forced to be included in the tax cuts, under threat of the Democrats defeating ALL the tax cuts by filibuster if the time limit wasn't put in. Many families making less than $250K, had their taxes reduced by those tax cuts, and faced their taxes being increased again due to the Democrats' time limit.
In what was probably the most encouraging part of Obama's speech, he promised them that no such increase would happen, except to families making OVER $250K, which is only a small fraction of the families involved.
Kudoes to President Obama. He is starting off on the right track. I fully support his initiative in this matter. And if he keeps on in this vein, I will consider voting for him in 2012.