How is Obama’s claim that he will reduce taxes for 95% consistent with his idea of calling for “sacrifice” from Americans?
It's very consistent. He's going to pound businesses with extravagantly higher taxes. Those businesses will have no choice but to pass that along to consumers. This allows Obama to pontificate on how the fat cats are sticking it to the little guy, while simultaneously taxing 100% of the citizenry, using business as the tax collector. They take the heat, and Obama gets re-elected.
Just a note about Obama and taxes. he claims Bush tax cuts did nothing for the middle class. In 2002 a married couple with $75,000 of taxable income paid $2,600 more in federal tax than a couple with $75,000 of taxable income in 2007. Maybe the Dems think $216 more a month is nothing, but it would pay house insurance and the cable bill. It could add that money to an IRA every year. It could pay for a week in a good resort in the Hamptons or Montauk. Maybe Obama Reid and Pelosi don’t need $216 a month more but as one of the folks on the receiving end I appreciated the bucks.
McCain should offer tax cuts to 100% of Americans. That would really get money into the economy and actually increase tax revunues.
It’s amazing how he has managed to pitch a wealth redistribution scheme as a “tax cut” and get away with it. McCain is only just now calling a spade a spade, i.e. Obama’s tax cut socialism, but it may be too little too late. He should have done this in the debates when the nation was watching. This group called “StickObama” has a bumper sticker that says “Obama: Bringing Europe to America (and saving you the trip)” which I think sums it up quite well. Our Founders broke away from Europe to get away from tyranny and infringements upon our natural rights, and we are foolhardily welcoming these injustices right back in.