General Discussion
In reply to the discussion: We need a new Democratic Party [View all]bhikkhu
(10,789 posts)...but the reason they look that way is specific to the method. If you let all the bush tax cuts expire and go back to the tax rates before them, then impose the current tax rates on those old tax rates - what is the difference? The difference in the article is that not all the taxes on the wealthiest were increased all the way to their former rates. Because the sums at the top are so large, looked at that way it appears Obama just gave the rich a disproportionately large tax break.
Looked at another way, Obama kept the status quo for everybody but the wealthy - who had their taxes raised. I don't have a problem with Citizens for Tax Justice, but in anything on this subject you have to keep your head and read carefully, there's always ways to put things that will make them look unfair one way or another.