Sunday, December 19, 2010
This week, there was terrific news for the math-challenged when the Associated Press ecstatically proclaimed that the new Obama tax cuts "will save taxpayers, on average, about $3000 next year."
Wow! Who couldn't use an extra $3000?! Is this the greatest frickin' president of all time, or what?!
And of course, "or what" is the correct answer...or more appropriately, "wtf."
Because the recent tax bill, which the alleged president very reluctantly signed while wearing his frowny face, doesn't contain any cuts for income tax, and simply extends the current rates which were set by President George W. Bush. So the average taxpayer won't be getting any new cash flow whatsoever, and the $3000 "saved" is simply the money the Democrats weren't allowed to add to the average taxpayer's bill in the midst of an economic meltdown.
But according to the Associated Press, the "Obama tax cuts" represent a $3000 windfall for average shmoes, and this "significant new tax law" will also give tax breaks to those who are married, those who have children, and those who make investments...by keeping current rates exactly the same as they've been for the past 10 years.
So the "Obama tax cuts" aren't tax cuts at all. The "new tax legislation" isn't new. And the Associated Press isn't reporting real news...it's simply spinning lies to cover Obama's rear end. Which, ironically, isn't news either.