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Under Obama, Taxes Hit A 30-Year Low

Posted on July 11, 2012 by TRP

To hear conservatives and Tea Partiers tell it, President Obama is a serial tax-raiser who has increased taxes on “millions of Americans.” But according to the latest data from the Congressional Budget Office, tax rates under Obama hit a 30-year low in 2009, in part because of the tax cuts he implemented in response to the country’s economic downturn:

Americans paid the lowest tax rates in 30 years to the federal government in 2009, in part because of tax cuts President Obama sought to combat the Great Recession, congressional budget analysts said Tuesday.

MORE:  Under Obama, Taxes Hit A 30-Year Low | ThinkProgress.

 

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