Originally posted by jimmyx
wow...so now Obama did this all by himself?...too bad we don't have a congress anymore...oh yeah i forgot, congress has republicans, and like everyone here on ATS knows, republicans are not to blame for any of this
Originally posted by phishyblankwaters
reply to post by GMan420
If you say that people can't call their taxes going back up an increase, then we can't logically call their originally going down a reduction, can we?? If the temporary decrease was a "reduction" then it goes to follow that when it expired, it caused an "increase".
It wasn't a "reduction" it was a "TEMPORARY REDUCTION" I'm not sure why that is so hard to grasp. It was a temporary reduction that would be reversed at the end of the temporary term. At the end of the term, it went back to it's original amount.
You can try to ignore the fact that it was temporary, but it just makes you look silly.
Had Congress not acted to address the expiring Bush-era tax cuts, all Americans would have seen a tax increase on January 1st. (The average tax increase per family, the White House said, would have been $3,000.) Mr. Obama, who had long opposed extending the Bush tax cuts for America's highest-earners, has argued he had no choice but to agree to GOP demands to do so in order to avoid a tax increase on the middle class.
Originally posted by Kadmiel
So to set the record straight in the year 2011 Obama and senete supported a bill to allow americans a bit of relief from the econmic pressures of the time.
However, They were not a PERM reduction. They were TEMPORARY.