April 14, 2010
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Some basic facts:
* Obama has passed 25 separate tax cuts.
* Obama’s stimulus package included $300 billion in middle class tax cuts — one of the largest in history.
* The recent healthcare reform law includes tax credits and savings for small businesses and working people.
* Unlike President Bush’s 2001 tax cuts, which went to the wealthiest 2.2%, President Obama’s tax cuts overwhelmingly benefit working and middle class families — 95% of all Americans.
Here are some of the new tax credits available through the Recovery Act alone that you may be eligible for: (SEE INSIDE FOR LINKS)
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April 14, 2010
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April 15th marks the first year of the Tea Party Tax Day protests, brought to you by Glenn Beck, Rush Limbaugh, and Rick “Let’s Have a Tea Party” Santelli. The original purpose was to protest “high taxes and big government”.
On Thursday, a reprise is scheduled to take place across the country, but I can’t help but wonder exactly what they’re protesting. This page lists the average tax cuts for the nation, and then breaks them down by state.
Overall, everyone got a little piece of the tax cut pie this year. In Arizona, home of newly-conservative John McCain and the even more conservative John Kyl, the average combined tax cut was -$1,023. In Oklahoma, that state threatening to declare war on overtaxation, the average tax cut was -$1,098. In Alaska, -$1,096.
98% of working families received a tax cut in this country.
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