President Obama lied to the American people when he said "95% of working Americans are going to get a tax cut." What he's done is lower the amount that the government witholds from working people's paychecks. In my case, this has resulted in $10.00 more per week in my take-home pay. What he hasn't done is cut the actual tax rate, which means that my "rebate" will be that much less, when I file my 2009 taxes. Now, I should be glad about this, because I always thought that it wasn't fair that I got no interest on the excess taxes that were witheld from my paychecks. However, I got used to getting my little $600.00 check (or direct deposit, for the last few years) every February or March.
While I agree that it's a good idea in principle, it is not, and never will be a tax cut. For the President to call it that is the most insulting type of fabrication. He assumes that by the time people realize that they didn't really get a tax cut next year, they'll have forgotten his promise, or he'll be able to argue that he couldn't do it "because of the crisis I inherited" in the first months of his term. Slimy doesn't begin to describe this tactic, and I've had to struggle to find any reporting on it. The media have focused exclusively on when the president will "end the Bush tax cuts" on the rich.
Let's look at that one, too. "End the tax cuts." The "cuts" are actually the rates that have been in effect for the last several years. With the possible exception of the "death tax," they weren't scheduled to get any lower before expiring in 2010, so why are the Dems and the media calling them "cuts?" Because they are both complicit in this slimy deception, and they think the American public is dumb enough to fall for it.
People are waking up to this BS, however. I've previously written about his "instant" tax-increase on smokers (link), which disproportionately hurts poor and middle class people. Now, he thinks that leaving the Bush tax rates in place qualifies as a "tax cut" for the lower 95% of "working Americans?" Not in the real world, Mr. President. Not in the real world. The media and the Congress may be playing along, but the people are speaking out against this outrage.
The nationwide tax protests haven't gotten much media coverage, either, but don't think that will stop us. While I'm not affiliated in any way officially with them, my heart is at every "Tea Party" protest (link). I know what they stand for, and stand with them. This is a middle class movement, because it's the middle class who are taking the brunt of Obama's actions, so far. Make no mistake: If Obama accomplishes the rest of his "agenda," there won't be a middle class anymore.
His proposed "cap and tax (er, trade)" energy plan will double, or triple electricity costs. He wants to expand health care coverage to "everyone," before fixing the massive waste and corruption in the current health care system. His trade policies are already poised to cost thousands of Americans their jobs, as nations retaliate against his "unilateral" abrogation of treaty obligations. These policies will hurt the middle class, not just the rich. Americans will not stand for it, and some of the politicians in Congress may be starting to get it.
I don't think they can get by with "dog and pony" shows like the AIG hearings for the next year and a half, until the mid-term elections. It's becoming more apparent every day that the questioners are the ones who need to start giving the American people some answers. They can start by admitting that they aren't "cutting" anyone's taxes.