CBO: Under Obama Americans Have Paid Lowest Taxes in 30 Years
Americans paid the lowest tax rates in 30 years to the federal government in 2009, due in part to tax cuts sought by President Obama to combat the Great Recession, congressional budget analysts said Tuesday.
The article notes that while part of the drop in tax rates was due to decreased income for some (and even the most rabid Tea Partiers would have to do backwards somersaults to attribute this to Obama as of 2009), the predominant reasons for ...
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