Those Obama “tax cuts” explained
Ah, so that is what he means by “tax cuts”. Not really tax relief but, well, more, how can I put this, Marxism!
Six of the seven listed in the Obama plan are these “refundables”, money people get from the federal government even if they pay no taxes at all. These are not “tax cuts” but instead welfare grants based on specific social policy. It’s blatant redistributionism, as the money comes from tax increases on the wealthy.
Real tax cutters use that policy as a way to restrain growth in federal government, although the Republicans certainly forgot the other part of that equation for six years — cut spending. Obama’s plan actually makes people more dependent on federal government, and expands it significantly. It adds to the entitlement mentality while doing nothing about rewarding risk. This plan will penalize risk and encourage the wealthy to find even more shelters for their income and capital, more likely outside the US, which will mean fewer jobs and fewer opportunities.
Ignore that rumbling below your feet America, just the Founders rolling in their graves is all.
Tags: Taxes
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October 21, 2008 at 6:04 am
It is the founders rolling in their graves. What a disservice we are doing to the millions of men and women who fought for our freedom. We are literally spitting on their graves with an Obama administration. What is SCARY is that people actual want to vote for this guy. It shows that this generation is so messed up that it will need to go through a depression or a terrorist attack to make then appreciate the freedom they have. Sniveling punks and leftists that are spoiled and have no appreciation for our country. Its disgusting.
It is so sad that we have to fall on our butts before we wake up and realize the truth taht our country is on a downhill slope when the masses think socialism is the answer.
Thank you for your website…you are right on…