Friday, February 20, 2015

Obama Administration: Economic Report and ObamaCare Tax Form Screw Up

Patriot Post
The Economic Report of the President has been released that reveals that "median family incomes are down since President Obama took office and inequality is up".
The report reads:
There is no denying the strength of the aggregate recover, but its benefits have not yet been fully shared with the middle class.
The Census Bureau reported that the "median family income was $54,059 when Obama became president in 2009. In 2013, the median income was just $51,939".
The president's report mentions that Obamacare and Obama's 2012 tax increases have “mitigated” the rise in inequality. It does not mention how Obama used distressed middle class homeowners to bailout Wall Street banks or how Obama's unemployment policies cost the economy 1.8 million jobs.

More than ten percent of the forms that ObamaCare insured taxpayers filled out who filed their tax forms early or filed them before those forms were found to be incorrect …
The Obama administration says it sent about 800,000 customers the wrong tax information, and officials are asking those consumers to delay filing their 2014 taxes. … The errors mean that nearly 1 million people may have to wait longer to get their tax refunds this year.
Obama administration has announced a new open-enrollment period.
Taxpayers facing fines for not having health insurance in 2014 will get another chance to sign up for benefits on the Obamacare exchanges this year.
"It is what happens when government exceeds its competence", Hot Air reported. AP published an update on the story.
Fair Tax

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