April 14, 2010

WHICH WILL ONLY MAKE THE COMING HIKES SEEM HARSHER:

Tax Day rhetoric aside, Americans’ bills are lower (STEPHEN OHLEMACHER, 04/14/10, AP)

You wouldn’t know it by the Tax Day rhetoric, but Americans are paying lower taxes this year, even with increases passed by many states to balance their budgets. Don’t expect it to last.

Congress cut individuals’ federal taxes for this year by about $173 billion shortly after President Barack Obama took office, dwarfing the $28.6 billion in increases by states.

Posted by Orrin Judd at April 14, 2010 6:34 PM
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