Krugman: Obama rolled back the Bush and Reagan tax cuts on the top 1%

[progree]

4. I hadn't heard that about Bush cutting Medicare taxes or providing a tax benefit on train fare

But when the tax cuts lapsed I lost a chunk of pre tax benefit for train fare. I also saw higher Medicare payroll and Medicare taxes. All this when my new job after being unemployed pays less than the old job.

So these were all tax breaks under Bush that Obama / Congress let expire at the end of 2012?

This is all news to me. Can you supply me with more details? Thanks.

Oh, he did add a 0.9% Medicare surcharge on the top 2 tax brackets, affecting roughly the top 2%. But nothing I know of affecting the bottom 98%.