October 28, 2008 | In: Politics
Analysis of Obama’s Promises on Taxes
For the record, I’m voting for McCain. One of my main gripes over the past several weeks with Obama is his tax plan. Surprisingly, I feel like the mainstream media as well as the McCain campaign has done a bad job of giving Americans the hidden details of the promises that Obama has made.
I found an article on American Thinker that I believe does a great job of opening our eyes to some of the realities behind Obama’s tax plan.
Here’s a tasty morsel from the article:
The first loophole was easy to find: Senator Obama doesn’t “count” allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse — allowing the rates to return to a higher levels — is not actually a “tax increase.” It’s just the lapsing of a tax cut.
2 Responses to Analysis of Obama’s Promises on Taxes
Audrey
October 28th, 2008 at 12:19 pm
This is how I see it…
The tax breaks we have received under Bush were nice…they were also dated
so that they would not be permanent…and even though paying less in taxes
was nice…did it help our nations economy…looks like it didn’t because to
the state that we are in…since we did not have enough money to fund our
own stimulus program…those of us who got a check…did not mind getting
that hand out from China…wouldn’t it have been nice if we could have
funded that with our own tax money…kind of like the circle of money…
Now we should all try to help get our country out of this debt so maybe our
children will not have it as bad as we fear they may if this is the way our
country continues. We should stop whining and stop becoming deeper in depth
to China…and get back to paying our own way…and how are we going to do
that…government funding thru taxes (anyone who has read the bible knows
paying taxes does go back to biblical times…and I am sure people
complained and tried to cheat the government back then…nothing new
here)…
And Obama is willing to be the bad guy and will try to get money back into
our government fund by other means (such as more taxes) than just borrowing
it, and trying to look towards not funding an never ending war…sounds like
he has our countries interest on his mind…so maybe you should vote for
him…
Last…let me say that I do my part…I pay $14 a week in taxes on my
unemployment…glad I can help out my country…:)
Trey…I love you…
Charles Plath
October 29th, 2008 at 11:31 am
I’ll just skip my response and tell Trey that I love him.
Also, a good movie to see is I.O.U.S.A. They go through the spending problems, national debt, etc., in a very balanced attack. Lot’s of big financial bigwigs interviewed, etc.
c