The greatest lie ever told, the ones Republicans most want you to believe, is that President Obama is a classic tax and spend liberal.
In truth, under Obama taxes have hit a 30-year low, in part because of tax cuts enacted by the president as part of the stimulus package.
Average federal tax rates are lower than they were under Ronald Reagan, George H.W. Bush, Bill Clinton and George W. Bush.
These are numbers from the Congressional Budget Office and it doesn’t matter if you look at just income taxes or all federal taxes combined, under President Obama, taxes are at a 30 year low.
The CBO report only goes through 2009, but since then, President Obama has lowered taxes even more with the payroll tax cut.
Of course, these facts haven’t stopped Republicans from complaining about taxes under the president’s watch.
To be fair, some of this Republican whining is in response to President Obama’s pledge to let the Bush tax cuts expire for the top two percent. But the fact remains, under President Obama, taxes are at a 30 year low. Yes, some of this republican whining was in response to president obama’s pledge to let the bush tax cuts expire for the top two percent, but tax rates would still be at a record low. President Obama has had to combat the lie with the facts.
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