- Published on Tuesday, 19 May 2009 05:00
- Written by Investor's Business Daily
- Hits: 1714
Despite President Obama's pledge to "cut taxes for 95% of workers and their families," a majority of Americans think his administration will raise taxes instead. According to this month's IBD/TIPP Poll, 57% think their federal income taxes are going up and 19% expect no change. Only 16% think they're going down. Interestingly, similar percentages apply to middle-income earners (in the $50,000 to $75,000 income bracket) - the very category the president has targeted for relief.