"Under this law, more than 98 percent of Americans, and 97 percent of small businesses will not see their taxes go up." If you go to the White House website, the boast is there on video and text. Nowhere does the President disclose that payroll taxes will go up two percent for workers.
So, do your calculations, if you're not earning over $450,000 as a couple, no new income taxes but EVERYONE is paying two percent more in payroll taxes. Yes, taxes are going up. The President, still in partial truth mode, omitted that from his speech.
