17 ms·
It's a misnomer to call them the "Bush tax cuts". The marginal tax rate cuts were signed by Obama in 2010 and the "cliff" includes things like the Payroll Tax
by muzz 14y ago
It's a misnomer to call them the "Bush tax cuts".
The marginal tax rate cuts were signed by Obama in 2010 and the "cliff" includes things like the Payroll Tax Holiday-- the largest of tax cuts [1]-- which only came about in 2010.
[1] http://www.businessinsider.com/chart-of-the-day-deutsche-bank-fiscal-cliff-chart-2012-11 http://www.businessinsider.com/chart-of-the-day-deutsche-ban...