>Obama Tax Cuts


In comments, Jim rightfully points out that the “Obama tax cut calculator” I link to was based on campaign promises, not what was actually implemented in the Stimulus. Fair enough, I didn’t follow all the links before throwing up my post this morning.

I don’t know how different the actual tax cuts in the economic stimulus are from what was promised during the campaign (though even the Wall Street Journal referred to Obama’s tax cuts as a campaign promise fulfilled.) So yes, the “calculator” tool is useless. My bad.

But the point remains valid: conservatives reveal their cognitive dissonance when they claim Obama hasn’t cut taxes (or in the case of clueless Tea Baggers, pretend he’s even raised them). He hasn’t; 95% of Americans will be getting a tax cut for 2009.

There’s a discussion going on downthread about why Obama hasn’t cut taxes, which would sprinkle fairy dust all over the economy and make everything wonderful again.

Of course, Obama has cut taxes. Tax cuts were a big part of the economic stimulus, to the tune of $300 billion, a concession to the Republicans who ended up not voting for it anyway. The Dems voted for it, it passed, and now–shocker!–they don’t get credit for it. So I don’t know why we even bothered. It’s like it never happened.

The non-partisan Tax Policy Center has a neat tool where you can calculate your Obama tax cut. Check it out, it’s really cool.

Here’s what I love:

Only 12 percent of the public say that the Obama administration has lowered their taxes since coming to office, despite the fact that the White House’s stimulus package cut taxes for 95 percent of Americans, a new opinion survey found.

Here’s the poll. Not surprisingly, Tea Partiers were most likely to think Obama has raised their taxes, when in fact most have received a tax cut.

That certainly shows you the power of the right wing message. That’s some powerful Kool-Aid, blessed by Frank Luntz, spread by Dick Armey, and swallowed whole by a bunch of clueless idiots so desperate to hate on a Democratic president that they will believe anything they’re told.

Personally I’m not a fan of tax cuts, when our taxes are already at historic lows.


Filed under President Barack Obama, taxes

8 responses to “>Obama Tax Cuts

  1. Jim

    >The "tool" was an estimator comparing Obama and McCain. Was this done before the election based on promises by the candidates? According to it, I was going to come out ~ $800 better with McCain, yet the top was announcing how great the Obama tax cut was. Hard to see how this was "non-partisan." If you put in really high numbers, it comes back with an explanation "You probably will not get an Obama Tax Cut. This calculation is not perfect, and Obama has recently promised not to raise taxes for anyone making less than $250,000 per year." So what is this based on?

  2. >What Hillary Clinton said yesterday:"It breaks my heart that 10 years ago we had a balanced budget, that we were on the way of paying down the debt of the United States of America (…) I served on the budget committee in the Senate, and I remember as vividly as if it were yesterday when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt — outrageous in my view …"Outrageous indeed!

  3. >Heh, that isn't even close to being "non-partisan."BTW – Mandating health insurance is a TAX, whether you call it that or not. Raising taxes on corporations & other large businesses is a tax on everyone as well. Ditto for energy taxes.Also, a "tax credit" is not the same thing as a "tax cut" despite Obama's attempts to interchange the two terms.

  4. >No one ever mentions Obama's first tax increase. Maybe that's because it predominantly impacts the poor and socially stigmatized.http://www.cdc.gov/mmwr/preview/mmwrhtml/mm5542a1.htmIncluding smokeless tobacco and cigar users, you are looking at a regressive tax on almost one fifth of the US.

  5. Jim

    >Well I will admit – Obama has led to a tax cut for me in 2009. Since my income for the year was about 40% of my 2008 income, my taxes should be much lower in 2009 :p.

  6. >Anon – Liberals rarely have a problem with "vice taxes" for social engineering purposes.Raising taxes on anyone in a recession is plain idiocy, but some folks are stuck on ideology.Jim – My income actually went up in 2009, thus my taxes went up as well.

  7. >– Mandating health insurance is a TAX, whether you call it that or not.I agree with that and wrote about it here when I called this bill actual fascism. You might want to read it.

  8. >I'm not crying over an increase in tobacco taxes. For whatever reason the U.S. government decided it wanted to put the tobacco companies out of business and it started long before Obama was even in the U.S. senate, or the Illinois state house of that matter. It started decades ago, on the state level. Everyone saw it coming. And it's why companies like RJ Reynolds started to get out of the tobacco business and get into the food business.I used to smoke — thank god I quit — and I remember when a pack of cigarettes was 50 cents. We thought that was insanely expensive. Ha!Anyone who didn't have the sense to quit this filthy habit years ago can complain all they want but they won't get any sympathy from me.