The ‘Fiscal Cliff’ deal included allowing the payroll tax holiday to expire. This tax holiday actually began under Obama so it’s merely going back to the same rates they were when Obama was inaugurated. Nevertheless, many on the right are screaming over the ‘tax increase’ and claiming this is an example of Obama breaking his promise not raise taxes on lower and middle/income earners.
Given the firestorm this has created, one would think that the sources of said firestorm would have expressed elation over the payroll tax holiday and credited Obama with lowering taxes then. One would of course, be wrong…
