Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Wash. Post Fact Checker: Obama’s tax-cut claim

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 09:19 PM
Original message
Wash. Post Fact Checker: Obama’s tax-cut claim
“The point the president was making is that 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.

Huh?

In other words, this isn’t about the size of the tax cut, but about the fact that the White House says that every working family, except those making more than $190,000, received as much as $800 in tax cuts.

That strikes us as a very odd way to claim “the biggest,” but maybe that’s because Obama can’t make that claim. We ran the numbers every which way, but the fairest over time is to look at the tax cut as a percentage of national income (gross domestic product minus depreciation.)

John F. Kennedy seems to win the prize for biggest tax cut, at least in the past half century. By the same measure, the income tax provisions of the George W. Bush tax cuts are more than twice as large as Obama’s tax cut over the same three-year time span. (Yes, a large portion of Bush’s tax cut went to the wealthy, but it also benefited the working poor. We still don’t know what Obama means by “middle class,” since his definition also seems to include the working poor.)

full: http://www.washingtonpost.com/politics/fact-checker-obamas-tax-cut-claim/2011/09/09/gIQAY2PNIK_story.html
Printer Friendly | Permalink |  | Top
doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 11:15 PM
Response to Original message
1. I am retired I never received a COLA even though prices seem
to have nearly doubled. I never received one f---g dollar in tax cuts.
Printer Friendly | Permalink |  | Top
 
LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 11:29 PM
Response to Original message
2. I guess the Washington Post is against the working poor.
Printer Friendly | Permalink |  | Top
 
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 11:42 PM
Response to Reply #2
3. WAPO is a Republican Owned Newspaper.. The Editorial and
Opin. Pages skew Republican. The News pages pretty much
play it down the middle. Usually do a decent job of keeping
the two separate.

Just a guess but it sounds as if they approached this from
a Republican frame which would be normal for them.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 18th 2024, 02:00 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC