Hi, everybody. Over the past year, as I traveled across the country campaigning for this office, I told you that if I was fortunate enough to be re-elected, I’d work to change a tax code that too often benefited the wealthy at the expense of the middle class.
This week, we did that. For the first time in two decades, we raised taxes on the wealthiest 2% of Americans in a bipartisan way, while preventing a middle-class tax hike that could have thrown our economy back into recession.
Under this law, more than 98% of Americans and 97% of small business will not see their income taxes go up one dime…
Here’s the truth:
- Under the new fiscal cliff plan workers making less than $30,000 a year will take a bigger hit than those making $500,000 a year.
- The fiscal cliff bill that passed the US Senate and the US House will raise payroll taxes from 4.2% to 6.2%. In other words those making $100,000 a year will see their taxes increase by $2,000.
- The bill raised taxes on 77% of American households.
It would be nice if the liberal media would hold this man’s feet to the fire.