Another Obama Lie Exposed: 85% of Bush Tax Cuts Went to Middle Class, Not the Rich (Video)

Don’t expect to see this make any headlines in the state-run media…
Back in April of this year Barack Obama told the press that he “refused to extend the Bush tax cuts to the wealthy again.”
But, he’s not a socialist.

Of course, it was just another lie.
Verum Serum found the actual tax cut breakdown at CNN Money:

Bush tax cuts: $544.3 billion…The bulk of that cost — $463 billion — is for the extension of cuts for families making less than $250,000, including two years of relief for 2010 and 2011 for the middle class from the Alternative Minimum Tax.

The rest — $81.5 billion — is attributable to the extension of cuts that apply to the highest income families.

In other words, 85% of the tax cuts went to the middle class.
But, Obama didn’t care. He needed a talking point.

Flopping Aces has more on the selfish rich people keeping Obama down.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!