To: bigbob
This corrected a miconception my me (and probably others) who thought that Obamas plan would let ALL the Bush tax cuts expire, effectively increasing taxes across the board.
You didn't have a misconception. You were right in your thinking from the beginning. It is the people who wrote the article who are making assumptions in the baseline for their calculations.
But, when it comes to the democrats, and Obama especially, there is no doubt that the Bush tax cuts will be allowed to expire. They, the democrats and Obama, have been trashing those cuts ever since they were enacted. The history of Obama and the democrats says that they are not tax cutters, and they certainly are not spending cutters. They want the additional tax revenues from the expiration of the Bush tax cuts so that they can spend that money elsewhere, including in their "redistribution of the wealth".
So, it all amounts to Obama and the democrats lying about tax cuts in order to get elected.
16 posted on
10/31/2008 2:13:13 PM PDT by
adorno
To: adorno
This is a really excellent thread. It clarifies a lot for me.
17 posted on
10/31/2008 2:38:06 PM PDT by
marsh2
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson