Monday, April 12, 2010

AP Applauds Obama's 'Tax Cuts' Even Though Fewer People Taxed Under Bush

[Meanwhile, in our professional media...]

Pop quiz: how do you cut taxes on low and middle-income wage earners and end up with a greater percentage of people paying taxes?

Such is a question the folks at the Associated Press should be asking themselves concerning a piece the wire service published Wednesday entitled

"Nearly Half of US Households Escape Fed Income Tax: Recession, new tax credits have nearly half of US households paying no federal income tax."

In the same paragraph, author Stephen Ohlemacher predictably bashed former President George W. Bush's tax cuts that were "generous to wealthy taxpayers" while he applauded "tax cuts for low- and middle-income families, which were expanded when Obama signed the massive economic recovery package last year."

There's only one problem with this premise - the net result was that a higher percentage of people paid federal income taxes in Obama's first year in office than in Bush's last:

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