You Don't Have to Be an Economist to Understand What $2,000 Means to Middle-Class Families

If Congress fails to act before the end of the year, every family in the country will see their income taxes automatically go up at the beginning of 2013.

A typical middle class family of four will see their income taxes rise by $2,200. We can’t let that happen. Our families can’t afford it, and neither can our economy. 

The thing is, you don’t have to be an economist or economic expert to understand why that’s the case.

We’ve already heard from nearly 300,000 people from all over the country that a $2,000 tax hike would make it harder for their families to buy groceries or pay for medications or put gas in their cars.

President Obama is calling on Congress to pass a bill that would prevent a tax hike on the first $250,000 of everybody’s income. That means that 98 percent of Americans and 97 percent of small businesses wouldn’t see their income taxes go up at all. And even the wealthiest Americans would get a tax cut on the first $250,000 of their incomes.

But he can’t do it alone, which is why he’s asking as many Americans as possible to add their voice to the debate by speaking out about what a $2,000 tax hike would mean to them. So share your story here or speak out on Twitter using the hashtag #my2k. 

Watch the video on YouTube here.

Related Topics: Middle-Class Tax Cuts, Taxes