Tuesday, February 2, 2010

Article: "Backdoor taxes to hit middle class"

The link: http://ca.news.yahoo.com/s/reuters/100201/us/usreport_us_budget_backdoortaxes


" NEW YORK (Reuters.com) --The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.

" In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year -- effectively a tax hike by stealth. " (emphasis added)

Say it ain't so, O!

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