Read as much as you want on, anywhere and anytime, for just 99¢.

letters | Congressional Accord not without discord

For many working Americans, little to celebrate in fiscal bill

You state on Wednesday’s front page that the bill passed to avert the fiscal cliff will “lower taxes on virtually all Americans.” This is not entirely true, because the bill would allow payroll taxes to rise.

According to an analysis released Jan. 1 by the nonpartisan Tax Policy Center in Washington, the bill would result in a tax increase on 77.1 percent of US households. While President Obama insists that the bill protects the middle class from tax increases, and while he celebrates a higher marginal tax rate on top earners, the reality for many working Americans will be lower after-tax income in 2013.

Continue reading below

Meanwhile, all of us can still look forward to continued increases in federal spending, a ballooning of our national debt, and sluggish economic growth — problems that this bill does little to address.

Robert Chartener


Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of