...of Mr. Obama saying, “95% of working families that make under $250,000 will get an income tax cut.” What a joke! What is wrong with 100% of everybody that actually pays federal income
taxes getting a tax cut?
The lowest 50% of wage earners don’t even pay federal income taxes - period. In other words Obama wants to take us back to the welfare state. If you make $20,000 a year and have a wife and one kid you do not pay any federal income taxes (as MAYBE they shouldn’t). Barack wants to
give this tax filer $1,000 of your money. McCain’s plan does not give this filer anything (as we shouldn’t) while Obama brags that he is giving this person a tax cut (i.e. giveaway).
But, why is Obama stopping there. This tax filer will only get a $1,000 handout! What good will this do the tax filer and his/her family. This amounts to buying them 1 gallon of gas a day. What good is this paltry amount? This will barely buy a plasma television. Why doesn’t this
person get a $5,000 or $10,000 check. That is enough money to make a difference! They could even buy a used car. If this $1,000 is good for our economy wouldn’t $5,000 be five times better. Oh, maybe this is just so he can get into office and maybe he’ll double it every year he is in office.
Do you think if you are married and work hard to earn $200,000 a year, you will get a tax cut under Barack Obama. You won’t. Since you do not qualify as a “family” you are going to get a FAT TAX INCREASE because he will let the Bush tax cuts expire, but Obama and his minions will
say ‘we didn’t increase your taxes’!
By the way, I’m also sick and tired of the national media asking about the presidential candidates economic plan or a “town hall style debate” question asking ‘what are you going to do specifically to help me’?
The president can make all kinds of policies to hurt the economy. There is only one thing the president can do to improve the economy and that is cut taxes - income taxes, corporate taxes and capital gains taxes. That is it. Nothing else. You see - tax cuts let the people that
actually earn the money keep it in the economy and in the system - that is the free-market system.
In Obama’s own words in the last debate a $300 billion corporate tax cut ‘takes money out of the system.’ I was appalled when McCain did not point that out that $300 billion goes back to the people. Corporations don’t dig a hole and hide it.
This same $300 billion in Obama’s world needs to go to the government (and stay in the system?) so it can feed the hungry beast. Then, the government can decide how to spend it. According to Obama, he wants to take that money and ‘spread the wealth around a little.’ This reminds
me of the saying of another form of government - from each according to his ability, to each according to his needs.
I guess Democrats that harped about the need for a divided government will be voting for a Republican president this year. They were very vocal about this being the fair balance of power and was necessary for checks and balances. Surely, even Democrats don’t want an extremist,
socialist thinking politician in the White House. I won’t hold my breath.