Obama calls for extending middle-class tax cuts

New York Times, Associated Press | Jul. 10, 2012 (News)

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 than $250,000 while letting the taxes of the wealthiest go up.

Leading Republicans immediately rejected the approach, saying it would be a mistake to raise anyone's taxes in a weak economy.

Flanked by supporters chosen to represent taxpayers who would benefit from ... Full Story »

Posted by Bob Herrschaft

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Subjects: U.S., Politics, Business
Topics: Obama Administration, Taxes
Member Tags: national news
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Posted by: Posted by Bob Herrschaft - Jul 10, 2012 - 6:40 AM PDT
Reviewed by: Bob Herrschaft (review), Fabrice Florin (review)
Content Type: Article
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Edited by: Fabrice Florin - Jul 10, 2012 - 9:11 AM PDT
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Bob Herrschaft
2.6
 by Bob Herrschaft - Jul. 10, 2012

This story I read this morning in the S.F. Chronicle. It came from the Associated Press via the New York Times and I am only posting it as an example of how a mainstream reporter can get caught up in a sloppy narrative that distorts reality.

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Economists worry that across-the-board tax increases, along with automatic spending cuts also scheduled to take hold at year’s end, could be a blow to the shaky U.S. ... More »

Bob posted this story.
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Fabrice Florin
3.4
 by Fabrice Florin - Jul. 10, 2012
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  • How ‘massive’ is Obama’s tax cut/tax increase?

    Washington Post by Glenn Kessler | Jul. 10, 2012 (Fact Check)
    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 ...
    Posted by Fabrice Florin
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