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A nonpartisan research group estimates that President Barack Obama’s budget would raise taxes next year on 1 in 4 households, but have little impact on families earning under $200,000 a year.
The Tax Policy Center analysis also says about 1 in 8 households would get tax cuts.
The study says families earning less than $200,000 would experience tax cuts or increases averaging under $60 a year. The figures rise dramatically for better-off families, with those making over $1 million getting an average tax boost of $179,000.
Read more at Official Wire. By the Associated Press.
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THING LITTLE CRETIN IS LYING THRU HIS UGLY MUG……………….AS USUAL!!!
This article is inaccurate! Obama has raised taxes on 100% of Americans by stealth due to his Socialistic policies which are responsible for the increase in cost on everything from soup to nuts! I don’t know about you, but I was MUCH better off 4 years ago than I am now!
MOST OF US HEAR YOU
Lets Take This One-Step Further, Maybe While Michelle “Fat Cakes” Obama Speaks At Several Colleges, Bring-Up This ObamaCare-Less Budget Raises Taxes On 1 Out Of 4 Americans, Yikeess, Maybe Tell These Students That 50% Pay No Taxes, Huh, Now They Can See The “Rope-A-Dope” Spin Obama Style. God Bless America And Sheriff Joe Arpaio With Cold Case Posse See U-All Sat March 31st 2012, 1PM Sharp, “Church On The Green” 19051 RH Johnson Blvd, Sun City West Phoenix Az.