Obama helps the middle class and this will help the economy? 13 May 2009 if there is something I must admit to Barack Obama is that he is fulfilling the pre-election promises. Without a doubt it is something of which we are not very used by these lands. In Argentina even, we are waiting for are realized promises that Government made during his tenure. Strange isn’t it? Yes, but is the reality that Argentines must live, why cause us surprise when we see other countries politicians to comply with its promises. Really do not know if these tax cuts have a double objective (a hidden objective) or simply looking for him only relieve the burden to the middle class, but the truth is that Obama took the decision and cut taxes for families and small and medium-sized enterprises, at the time that returned to impose levies on large companies. Certainly comparable with Robin Hood is the determination of Obama removed him to large companies and wealthy families, to give small companies and the middle class and lower class families.
The American type family, can save with these measures around US $800 per year. It is certainly not a figure of great significance, but at least serve to close some financial bumps that may arise. As the Government itself was recognized by, these tax measures will not be free to U.S. public finances. The fiscal cost of the reductions would thus reach $736.000 million over the next ten years.
In principle may seem a sum more than bulging in a moment where the U.S. Treasury accounts are more red than usual. But the reality is that these tax reductions are very probably transformed in a higher consumption and consequently in a higher level of activity. The issue of public accounts is no small matter, since for the fiscal year that closed on 30 September, the U.S.