The Obama tax cut you never heard of

President Obama and his supporters often complain that he gave everyone a tax cut but nobody on the right wants to give him credit for that fact. The truth is, the Democrats did give us a tax cut, but almost nobody knows about it.

I’m not referring to the temporary two-year increase in deductions and Earned Income Tax Credit that was bundled into the “stimulus” package. That wasn’t an actual reduction in tax rates codified into law, and it expired on December 31, 2010. Technically it meant peoples effective taxes were reduced, but that’s not the tax rate I mean.