Fact Check: Middle Class Tax Relief
President Obama just talked about tax relief for the middle class. He’s right: The middle class DOES need tax relief – relief from the higher taxes included in Obamacare. To give just one example of Obamacare’s hundreds of billions in new middle-class taxes, the Congressional Budget Office recently noted that at least 4.7 million people with incomes UNDER the five times the federal poverty level – that’s $75,650 for a family of two in 2012 – would pay higher taxes due to Obamacare’s mandate that all individuals buy health insurance or pay a tax.