Obama the big spender? Not so fast....

[d-ray657]

The reduction in the payroll taxes did not come until the end of 2010. The tax cuts that were part of the stimulus were just that - a cut in income taxes for the middle class.

As far as the cut in payroll taxes - the government has been considering those funds fungible for years. They are also about a regressive a tax as you can get. Not only are they a flat tax rate, but it is a tax that is no longer collected when folks reach higher income levels. I have no problem with lower income people being the beneficiaries of a tax break during a recession. After all, the lower income people tend to spend a much larger portion of their income, so any tax relief directed to them goes straight into the economy.

Regards,

D-Ray