July 10, 2012 by David K. Sutton
Federal tax rate hit 30-year low in 2009
Here’s a story that completely contradicts Republican anti-tax gospel. The tax rate paid by Americans to the federal government in 2009 was at a 30-year-low. I thought Obama raised taxes? I thought lower taxes = job growth. Where are the jobs Republicans? Why is the economy not doing better with the tax rate at a 30-year low?
Americans paid the lowest tax rates in 30 years to the federal government in 2009, due in part to tax cuts sought by President Obama to combat the Great Recession, congressional budget analysts said Tuesday.
