52 Reasons to Vote for Obama: #5 Cut Taxes for 160 Million Middle-Class Americans
Whether you're PRObama, NObama, or still undecided, 52 Reasons to Vote for Obama gives you all the information you need to share with friends, debate with relatives and decide for yourself as we head toward one of the most important elections of our lifetime. I'll post a new reason in random order every Monday through Friday from now 'til the election.
Less than one month after Barack Obama became president, he started cutting taxes for the middle class. And he hasn't stopped since. In fact, Obama has cut taxes far more than George W. Bush did during his first term. The total value of the Bush tax cuts were about $474 billion during his first four years. Obama's total? More than $1 trillion, and growing.
Here's how it breaks down:
The American Recovery and Reinvestment Act, aka the Stimulus, became law in February 2009 and included $282 billion in tax breaks, according to the White House:
Nearly all working families received a well-earned tax cut.
Millions of families were lifted out of poverty by the tax cuts in the Recovery Act.
More than150 billion in tax cuts helped low-income and vulnerable households.
About one million jobs were created or saved by these tax cuts alone.
more:http://www.huffingtonpost.com/bernard-whitman/reason-5-cut-taxes-for-16_b_1779124.html