Michael Cooper, wrote "From Obama, the Tax Cuts Nobody Heard Of" (NYtimes.com). How much money do you think a president could cut from peoples' taxes without anyone noticing it? President Obama cut $116 billion in taxes that nobody noticed. CBS took a poll last moth of whether people believed that their taxes had changed under President Obama's administration. Here are there results: less than 1 in 10 respondents knew Obama lowered taxes. Half said they thought their taxes stayed the same. A third thought their taxes went up, and a tenth didn't know. The tax cut was intended to be hard to notice. It was arranged so that people couldn't notice that their taxes went down. Obama wanted it this way so that people would spend the extra money and stimulate the economy. A typical family was given about $65 extra dollars per month.
I believe that Obama was doing good for the economy and not for his reputation. He could have done what George Bush did and given citizens their tax cut at the end of the year in one big check, which would have been better for Obama politically. But the president wanted to help the economy and he wanted people to spend that money he gave to him so the economy would go up.
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