Posted on 09 December 2012.
Today President Obama visited one of the 114 million American families who would see their taxes go up next year if Congress fails to extend the middle-class tax cuts.
Tiffany, a high school teacher who lives in Northern Virginia, is also one of the thousands of people who wrote in to the White House to share what it would mean to her family if their income taxes went up next year.
Although a typical middle-class family could pay about $ 2,000 more in taxes in 2013 if the tax cuts aren't extended, the President explained why Tiffany’s family would likely pay more.
Her husband, Richard, works at a Toyota dealership. They actually live with Tiffany’s parents, both of whom are still working. And so what Tiffany pointed out was that an increase of $ 2,000 or so for her and her husband in this household would actually mean $ 4,000 that was lost. And a couple of thousand dollars means a couple months’ rent for this family.
Full News here – White House.gov Blog Feed