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Obama mum on proposal to scrap tax cut
Breitbart ^ | March 24, 2009

Posted on 03/24/2009 5:43:31 PM PDT by anonsquared

President Barack Obama says he's not ready to comment on a proposal from some Senate Democrats to scrap his middle-class tax cut after 2010. Obama says he hasn't yet seen what changes are coming out of the House and Senate.

But he delivered his bottom-line on the budget at a Tuesday evening news conference. Obama said the budget must move toward health care reform and include an energy policy that frees the nation from dependence on foreign oil. He also says he's looking for investment in education and a reduction in the deficit.

(Excerpt) Read more at breitbart.com ...


TOPICS: News/Current Events
KEYWORDS: agenda; bho44; bhoeconomy; bhotaxcuts; obama; obamalies; taxes
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OBAMA’S NEW MATH

At the beginning of the news conference our highly educated president said that the ability of homeowners to refinance their mortgages at a lower interest rate is the equivalent of a tax cut.

In the real world when you lower the interest rate on your mortgage, you end up paying less interest which then lowers the deduction you can take thereby RAISING your taxes.

Is this guy living in some parallel universe where the tax laws work in reverse? Are the rest of us going to be allowed to file our taxes on April 15th from that universe using his logic?

1 posted on 03/24/2009 5:43:32 PM PDT by anonsquared
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To: anonsquared

Is he through? Can I go into my living room again?


2 posted on 03/24/2009 5:44:34 PM PDT by Thank You Rush
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To: anonsquared
Obama says he hasn't yet seen what changes are coming out of the House and Senate.

Ummm... doesnt he have an inside man named Doofy Joe? what the hell is Biden doing all day? Riding the train?

3 posted on 03/24/2009 5:45:44 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: anonsquared

“”said that the ability of homeowners to refinance their mortgages at a lower interest rate is the equivalent of a tax cut. “”

I’m sure he figured that out on the campaign trail but just forgot to point out the “fine” details! Those pulling his strings can pull anything out of a hat for him to repeat and he’s none the wiser.


4 posted on 03/24/2009 5:47:05 PM PDT by Thank You Rush
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To: anonsquared
But he delivered his bottom-line on the budget at a Tuesday evening news conference. Obama said the budget must move toward health care reform and include an energy policy that frees the nation from dependence on foreign oil.

Read: We MUST flush more money down the drain.

5 posted on 03/24/2009 5:47:15 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: anonsquared

“”include an energy policy that frees the nation from dependence on foreign oil.””

That’s such a novel notion - I wonder why we never thought of it before. You can tell what this creep has done to my mind - I read now like he talks! In bits and pieces....


6 posted on 03/24/2009 5:49:25 PM PDT by Thank You Rush
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To: anonsquared

He also said the tax cut was is the stimulus bill that was passed earlier. so there you have it


7 posted on 03/24/2009 5:49:37 PM PDT by bzybee
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To: Thank You Rush

Is it safe? NO!!!

But you can do what I did. Right after he started with the inane statement about lower interest payments being a tax cut, I started the washer and dryer and used the lint from the dryer to make wads to throw at the tv screen.

Just make sure you have a 27B-6.


8 posted on 03/24/2009 5:49:43 PM PDT by anonsquared (Where's Harry Tuttle when you need him?)
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To: anonsquared

This man insults our intelligence 24/7. He is the worst liar to become President in history. It is just unbelievable.


9 posted on 03/24/2009 5:50:00 PM PDT by jveritas (God Bless our brave troops)
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To: anonsquared
LOL. ABC's WH correspondent Ann Compton finally gets her turn to ask a question at a presser intended to focus on the economy, and she chooses to ask if Obama has noticed anything different in the workings of state due to his being black.

What absolute dolts.

10 posted on 03/24/2009 5:50:23 PM PDT by skeeter
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To: anonsquared

“”Just make sure you have a 27B-6.””

I said this creep has ruined my mind and I’m afraid I don’t know what a 27B-6 is!

At least screen lint isn’t going to damage your TV screen or anything else - unless you don’t remove it from your lint filter, that is.

I have a cat staring down at me from a bookcase - he doesn’t even want to go in the room with the TV.


11 posted on 03/24/2009 5:52:59 PM PDT by Thank You Rush
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To: jveritas; Thank You Rush

It does make one wonder if he really is as stupid as some of the stuff that comes out of his mouth or does he just play stupid on TV?


12 posted on 03/24/2009 5:53:26 PM PDT by anonsquared (Where's Harry Tuttle when you need him?)
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To: bzybee

A totally insignificant $ 400 dollars one time tax credit for the year 2009 only which comes to $ 8 a week and only for people making $ 75,000 or less. WOW... This must be the biggest tax cut ever given to us by the smartest, most competent, and most ethical President ever (extreme sarcasm).


13 posted on 03/24/2009 5:54:00 PM PDT by jveritas (God Bless our brave troops)
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To: anonsquared

Ask the Teleprompter — It knows.


14 posted on 03/24/2009 5:55:14 PM PDT by freedumb2003 (Communism comes to America: 1/20/2009. Keep your powder dry, folks.)
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To: anonsquared

He is really that stupid and he thinks that we are all that stupid to believe his lies.


15 posted on 03/24/2009 5:56:20 PM PDT by jveritas (God Bless our brave troops)
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To: Thank You Rush

My interest rate is already 4.37% (a 15 year fixed, 7 yrs left to go).

I don’t see how it could get any lower.

I’d like a tax cut instead of refinancing, please.

How are they related, anyway? Is a pay raise also the equivalent of a “tax cut?” Is working more hours the equivalent? And why is gov’t involved with everything?


16 posted on 03/24/2009 5:57:13 PM PDT by olivia3boys
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To: Thank You Rush
Is he through? Can I go into my living room again?

I would rearrange my sock drawer before I'd watch him on TV.

17 posted on 03/24/2009 5:57:56 PM PDT by CASchack
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To: anonsquared

The film Brazil has been on my mind a LOT since this guy took office.

Geihtner:”The market fixed it self? Markets dont fix themselves”
Obama: “No.. Markets dont fix themselves sir!”
Geitner: “I think...We will have a little look, dont you?”

The People: “Have you got a 27B-6?”


18 posted on 03/24/2009 5:59:04 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: jveritas
Please correct me if I'm wrong but I was told that the withholding rates were changed to give folks the piddly $400 extra BUT that the tax rates haven't changed. If this is true, people will get a surprise next year. They'll find they owe money because enough wasn't withheld.
19 posted on 03/24/2009 5:59:11 PM PDT by Shannon
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To: Thank You Rush

From Brazil...

http://www.youtube.com/watch?v=eosrujtjJHA&feature=related

Harry Tuttle, Heating Engineer at your service.

This one’s great too...

http://www.youtube.com/watch?v=teufz17PqoY

Government workers getting their just desserts from Harry Tuttle, Heating Engineer. (aka Bobby Di Nero)


20 posted on 03/24/2009 6:00:11 PM PDT by anonsquared (Where's Harry Tuttle when you need him?)
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