Tuesday, February 2, 2010

Reuters News Services Publishes then Pulls Story about Middle Class Tax Increases

Yesterday, the Reuters News Service ran a story about President Obama’s 2010 Budget creating a “slew of tax increases” for the American middle Class.

NEW YORK (Reuters.com) -- 2/1/09

The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.



In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year -- effectively a tax hike by stealth.



While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.

Interestingly enough, some four hours after the story was published, Reuters pulled the story explaining that the story will be run again later this week. 

It will be interesting to see what changes are made to the story.

No comments:

Post a Comment

Your comments are always welcome!