Believe it or not, tea partiers, your taxes probably went down this year. Soon after Barack Obama took office, those tax-and-spend Democrats cut individuals’ federal taxes by roughly $173 billion, the AP reports, which should more than make up for any tax increases states were forced to push through to make up for mortgage crisis budget shortfalls.
“The fact is, in the past year we have had more tax cuts than almost any time in our nation’s history,” said one Democratic congressman. But “people don’t realize because of the false rhetoric” from conservatives. But Republican complaints aren’t totally baseless; the Bush tax cuts will expire in January, and some tax increases were included in the health care legislation, meaning taxes will be heftier in the future.