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Dec 10 2012 12:00 PM
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Dec 8 2012 5:30 AM
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Dec 6 2012 5:01 PM
Tax Cuts
A typical middle class family of four would see its taxes rise by $2,200 starting in 2013. Middle-class families can’t afford that. A tax hike of about $2,000 means less money to buy groceries for fill a prescription. It means a tougher choice between paying the rent and paying tuition.
President Obama is calling on Congress to pass a bill that would prevent 98 percent of American families from paying higher taxes next year. But this is our biggest challenge yet -- and it’s one that we can only meet together.
More than 300,000 Americans are already speaking out about what $2,000 means to them. Join them by sharing your story above or on Twitter with the hashtag #My2k
7 Facts About the Tax Debate
Since taking office, President Obama has repeatedly cut taxes for middle-class families. A typical family making $50,000 a year has received tax cuts totaling $3,600 over the past four years – more if it was putting a child through college.
If Congress fails to act before the end of the year, every American family’s taxes will automatically go up in 2013, including 114 million middle-class families. A typical middle-class family of four would see its taxes rise by $2,200.
President Obama is calling on Congress to act on his proposal to extend tax cuts for every family making under $250,000 a year—98 percent of all Americans and 97 percent of small businesses.
See the next 4 facts