- Jul 16, 2010
- Reaction score
- Political Leaning
WASHINGTON (CNN) -- Sen. Barack Obama on Tuesday proposed overhauling the tax code to lower taxes for the poor and middle class, increase them for the rich and make it so most Americans can file their taxes in five minutes.
Obama tax plan: $80 billion in cuts, five-minute filings - CNN.com
The public gives the Obama administration little credit for its tax cuts, which according to the Washington-based Tax Policy Center lowered federal income taxes for 93 percent of filers. Asked to compare their federal income taxes to what they paid during George W. Bush's presidency, only 7 percent say they are lower; 20 percent say their taxes are higher and 65 percent say they are about the same.
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