Thursday, April 16, 2009

News Item for Teabaggers

"...[N]ew data showed that the federal income tax burden is already hovering near its lowest level in three decades for all but the wealthiest Americans." WaPo news item, p. A12, 4/16/09.

The Congressional Budget Office, which provided the data, estimated that the average family paid barely 9 percent of its earnings in federal taxes in 2006. This trend is continuing under President Obama's recently enacted middle class tax cut, which cut taxes for approximately 95% of American families. Obama has vowed to continue these tax relief measures in the future. So, what the teabaggers are concerned about is really the fact that their upper income tax rate is going up 3% (!), back to where it was in the Clinton boom years. Boo-effing-hoo!

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