“One, it is meant to draw attention from the real core of the Obama tax plan: proposed increases in every major federal tax. Two, the structure of the cuts will create perverse incentives. And three, many of the people receiving “tax cuts” don’t pay taxes to begin with, meaning they’ll be in effect getting welfare.”
Hm, this almost sounds like the economic stimulus package being proposed again.
Don’t forget Obama’s 845 billion dollar “Global Poverty Tax”. And that’s not even giving money to American deadbeats, but deadbeats across the globe.......
The road to hell is lined with good intentions.
A government big enough to give you every thing, is big enough to take it all away..
Ronald Reagan.
Look at Florida. Full of elderly retired people living on investments, most of which will be affected seriously by BO’s tax plan.
Many of these elderly retired are Jews, who have been very successful during their years in business and who face the triple threat of being taxed heavily during their retirement years, seeing Israel sold out and losing the ability to pass on all of their wealth to their children.
The last of the three is no small thing, as Jews have the strongest family ties of any group I know of.
But still they are all for BO because he is a dim.
How can elderly people in general, who by that age have seen their share of con men, and Jews in particular who in general are more savvy than others, be taken in by this total fraud? The retirement community in Florida should be enough to put that state in the McCain camp, yet it will not. You can find a similar group in almost every state; farmers in the agricultural areas, hunters, heavy manufacturing, etc., all facing major changes for the worse under BO, yet they will vote for him because he is a dim or because they hate Bush. If the nation is collectively that stupid, it deserves what it gets. Those of us who know better will just have to sit in the back of the bus until the nation comes to its senses.
Obama’s tax plan will hit home when gasoline goes quickly to $5 per gallon as his windfall profits tax, new carbon taxes and a total ban on new drilling in the US all take hold. It will be fun watching the media spin meisters trying to explain why when Lord Obama punished the big oil companies for making too much money the price of gasoline went up and many pension plans took a further hit as oil stocks plunge.
I have heard Obama people say that the 95 percent of earners includes people paying payroll taxes, and therefore it is mathematically possible.
I'm not sure if they are telling the whole story. Can someone shed more light on ths?
This man and his ilk will absolutely destroy the economy.