June 2008, Senator Barack Obama voted with his Democrat party to not extend the Bush tax cuts.<ref>http://www.newsmax.com/insidecover/Senate_Democrats_taxes/2008/06/09/102869.html</ref> In voting for killing the tax cuts, 48 million married couples will pay an additional $3,000. in taxes annually. Single parent with two children earning $30,000 per year will pay an additional $1,600. annually. Those elderly retirees over 65 years old will pay an additional $2,181. in taxes annually. A family of four earning just $50,000. will see the taxes increase 191% annually. Barack wants you to know that the rich need to start paying their fair share of taxes. By not extending the Bush tax cuts, Obama has made it clear he want to increase the burdens placed upon blue collar and lower middle class families. | June 2008, Senator Barack Obama voted with his Democrat party to not extend the Bush tax cuts.<ref>http://www.newsmax.com/insidecover/Senate_Democrats_taxes/2008/06/09/102869.html</ref> In voting for killing the tax cuts, 48 million married couples will pay an additional $3,000. in taxes annually. Single parent with two children earning $30,000 per year will pay an additional $1,600. annually. Those elderly retirees over 65 years old will pay an additional $2,181. in taxes annually. A family of four earning just $50,000. will see the taxes increase 191% annually. Barack wants you to know that the rich need to start paying their fair share of taxes. By not extending the Bush tax cuts, Obama has made it clear he want to increase the burdens placed upon blue collar and lower middle class families. |