Posted on 07/28/2008 4:46:24 PM PDT by Kaslin
WASHINGTON (AP) - Barack Obama's bid to place a new Social Security tax on very high incomes is either a bold or foolhardy plan, depending on who critiques it.
But its potential impact is almost impossible to gauge because he is providing few details on basic questions such as what the tax rate might be, what types of income would be taxed and how the taxpayers' benefits would be affected.
The Democratic presidential candidate says he would work with lawmakers from both parties to resolve such matters. Voters generally applaud bipartisan cooperation, but they apparently will go to the polls this fall with only a vague notion of what Obama has in mind.
(Excerpt) Read more at apnews.myway.com ...
Like John F’n Kerry’s ill-fated run for the WH, details were missing from HIS plans as well. It’s one of the major reasons he didn’t win.
Obama shouldn’t expect too much if he will not be forthcoming about his plans.
All that is known is that it involve “change”.
The Ponzi scheme continues...
Details missing? Presidential candidates normally outline broad concepts and then work with Congress on details. That’s normal. I don’t need any details. This says Obama is raising taxes on Social Security. That’s all I need to know.
There’s nothing Missing... the “Missing” is the everpresent but unwritten ... “Hand over your WALLET and BEND Over.
There, fixed it.
How to explain this? There's a lot more people who want their SSS benefits increased than wealthy folks who pay the freight. Harry Hopkins was right 75 years ago. Tax tax tax! Spend spend spend! Elect elect elect!!!
B.O.’s platform:
Increase Taxes = Destroy the U.S. economy,
Restrict access to energy & continue Extreme prices = Destroy the U.S. economy,
Give everybody an Insurance Card = Destroy American Health Care System,
Confiscate all firearms = Destroy American Freedom
Sign “The Fairness Doctrine” = Destroy Fairness in America
Appoint Liberal Judges = Destroy the Constitution
...what’d I miss....?
True. It was actually a money grab that was marketed by FDR, et al, as a "retirement" plan. It wasn't until LBJ broke the vault open with his War on Poverty (which has been lost every single year throughout time) that it became a wealth redistribution plan.
Since that time, Congress has bankrupted (or spent SS close to bankruptcy) SS 3 times. While they bury their heads in the sand this time, they will drive it much closer to bankruptcy than ever before.
And, we should reward our elected thieves with another term in office because . . . . . . ????
The only way that this would NOT make SS a complete welfare entitlement is to raise the limit that those same folks could draw. Think that will happen?
Well in a comparative sense McCain will be a Saint on taxes compared to Obama.
bttt
Great post. A picture is worth a thousand words, or in the case of BO a few hundred thousand words.
Whether McCain would be better on taxes than Obama depends on your prediction about what McCain would do in office.
You seem comfortable making that prediction based on his most recent statements. I’m not. I think he’ll play it by ear and do whatever seems politically expedient.
He’s promised to eliminate the deficit by 2013. There’s not nearly enough money in earmarks to do that, and Congress won’t go along with gutting entitlement programs. Therefore, to keep his promise, he’d have to let most of the tax cuts lapse.
What he’d do would depend on his guess about whether voters were more concerned over taxes or the deficit.
I’m extremely confortable than McCain will be better than Obama on taxes. Thats a no-brainer. Obama is a marxist.
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