On Thursday's income tax filing deadline, Sen. Bernie Sanders said federal taxes are down for most middle-class Americans but much more needs to be done to create a fair and equitable tax system. “Despite much political rhetoric to the contrary, 99 percent of Vermont working families and individuals received a much-needed average federal tax cut of over $1,100 for 2009,” Sanders said. As a result of the American Recovery and Reinvestment Act, some 300,000 Vermont households were able to receive a tax cut of up to $400 ($800 for married couples). Nationwide, Congress cut individual federal income taxes by about $173 billion shortly after President Obama took office. “This tax relief is welcome news for Vermonters who continue to suffer through the worst economic crisis since the Great Depression,” the senator said. While federal taxes on middle class fell, Bush-era tax breaks for the wealthy continue to increase the skyrocketing federal deficit and too many large corporations took advantage of loopholes in the tax code to evade paying billions of dollars. “Congress has a lot of work to do to create a fairer tax system."
To read the senator's press release, click here.
To read a fact check by The Huffington Post, click here.