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The Tax Cut No One Noticed

October 20, 2010 - by Donny Shaw

Did you notice that your federal tax bill was lower last year? If you're like most people, you didn't. But believe it or not, one of the first things Barack Obama and 111th Congress did when they took office in 2009 was pass an income tax cut for about 95% of U.S. tax payers. The New York Times reported yesterday on why this went so unnoticed:

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Making Work Pay stimulus H.R.1 taxes health care reform Affordable Care Act tobacco tax Nancy Pelosi Barack Obama George Bush budget reconciliation Bush tax cuts
 

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