This is no middle class tax cut

posted by
December 13, 2011
Cato Institute
by Alan Reynolds  
Posted in Commentary

"To hear President Obama tell it, Republicans in Congress 'actually said ‘no’ to cutting taxes for middle class families.' The deal he struck a year ago was to keep the Bush tax cuts through 2012 in exchange for a one-year reduction in employee payroll taxes -- the levies that fund Social Security and Medicare -- to 4.2% from 6.2%. The year is up and the President hopes to renege on the deal." (12/12/11)

http://www.cato.org/pub_display.php?pub_id=13929  

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