Letter to Editor:
Dear Tama County Voter,
If you’ve heard about the tea party rallies, you might believe that federal taxes have been higher under Obama. In fact, more than two-thirds of Americans think that taxes are higher today, and only 4% thought they were lower; the rest said they are the same.
According to Forbes magazine March 19, 2010 (and every other credible source), federal taxes are considerably lower by every measure since Obama became president. A considerable amount of Obama’s stimulus package involved tax cuts. These include the Making Work Pay Credit, which reduces federal taxes for all taxpayers with incomes below $75,000 by between $400 and $800. The Tax Policy Center, a private research group, estimites that close to 90% of all taxpayers got a tax cut last year and almost 100% of those in the $50,000 income range. No taxpayer anywhere in the country had his or her taxes increased as a consequence of Obama’s policies.
It’s true that the unemployment rate is too high & people are hurting, but it’s not because federal taxes have gone up. Today, more than ever, make sure you have the facts before you go to the polls.