How ‘massive’ is Obama’s tax cut/tax increase?

In 2010, Obama extended all of the tax cuts for two years, and now they are due to expire at the end of the year. He now proposes to extend the rate reductions — but to restore the pre-Bush tax rates on income above $250,000 for families and $200,000 for individuals.
Even so, few people appear to realize that even the wealthy would continue to receive the benefit of the lower rates on income below $250,000, compared to the expiration of the law. In ... Full Story »

Posted by Fabrice Florin - via Washington Post Fact-Checker
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Posted by: Posted by Fabrice Florin - Jul 10, 2012 - 9:15 AM PDT
Reviewed by: Fabrice Florin (review), Leonard Grace (review), Sirajul Islam (review)
Content Type: Article
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Edited by: Fabrice Florin - Jul 10, 2012 - 9:17 AM PDT

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Sirajul Islam
4.1
by Sirajul Islam - Jul. 10, 2012

Good post by Glenn Kessler in The Fact Checker of The Washington Post. It clearly presents the facts about President Obama's recent tax cuts (or increases?). Good journalism. The pinocchio Tests is interesting, informative, and highly explanatory.

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Fabrice Florin
4.0
by Fabrice Florin - Jul. 10, 2012

Good fact-checking on Obama's proposed tax cuts, by Glenn Kessler at Washington Post. This report focuses on factual evidence from reliable sources, and presents a fair and well thought-out analysis of this controversial issue.

See Full Review » (6 answers)

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  • Obama calls for extending middle-class tax cuts

    President Obama, drawing a contrast with what he called Republican trickle-down economics, called Monday for temporarily extending the Bush-era tax cuts for people making less ...
    Posted by Bob Herrschaft