Obama the tax shifter, not tax cutter
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| Sun, 10-12-2008 - 6:09am |
When Ed Rendell became governor of Pennsylvania, he promised tax cuts very similar to what Obama promises. What he gave Pennsylvanians was a tax shift. While he cut the state's income tax, he also raised taxes in other categories to make up the difference in state revenues. What Pennsylvania ended up with was a tax cut con. Pennsylvanians ended up with tax increases instead of a tax cut. Obama is going to do the same thing Rendell has done. Obama will certainly increase other taxes, which means we won't be getting a tax cut, but a tax shift.
The bottom line is this: Whenever a Democrat promises to give you a tax cut, they're actually giving you a tax shift, which overall amounts to a tax increase. It's kind of like political bait and switch. Obama is just a con man.
Why does Obama want to keep the Bush tax cuts if his tax cuts are better?
Obama would reinstitute the windfall profits tax, which almost bankrupted the oil industry back in the 1980's. Congress repealed it in 1988 because of that.
Obama wants to reintroduce the capital gains tax, not quite qt the 28% level previously stated, but somewhere between 20% and 28% according to Obama.
Obama wants to raise social security taxes.
More on Obama's tax cuts and tax increases in general:

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What you're discussing is a state executive cutting state income taxes, but raising taxes elsewhere in the state and its localities.
Obama and McCain are proposing cuts on federal tax.
Your links brought me to pages of articles, so I'm not sure what you're addressing now.
But generally, the federal government can't tell the states to increase taxes to make up for a federal tax cut.
every election year includes accusations of raising taxes. Sometimes the accusations are true, sometimes not. While I certainly don't want to pay more taxes I don't feel that we can really know whether it will be true or not.
Not only that but we are paying $700 BILLION for a bail-out. Where you think that money is going to come from? Should we just let it sit in the national debt. We could refuse to pay off the debt and let our kids do it, and our grandkids. Better them than us right? Someone has to pay it. As much as I hate it, it is more responsible for us to pay it than to leave it to future generations.
The next president, be it McCain or Obama, is going to have to deal with the insane amount of Debt and all of the spiraling costs of everything. Will they have to raise taxes? probably, whether it be McCain or Obama. You just need to decide on who you trust to handle the spending of your tax money, who will try to minimize how high the taxes must be raised.
-Judy- me 36, DH 36, DS born 6/12/2000 and DD born 4/19/2009![]()
ITA.
I'm familiar with Obama's plans for new spending. I'm not happy about increased taxes, but if he is unable to cut spending in other places to pay for the new spending, I still support him. I think that certain things, such as healthcare are very important. In personally do not need healthcare, my employer provides excellent care for my family. But I Know many people, friends, relatives, even my own family just a few years ago, that need it. I think it is vitally important. At this point I wonder if it will even be possible due to the current economic crisis. I just don't feel that McCain has any real concern for the middle or lower class.
If you don't feel confident in Obama's spending choices than I agree that you shouldn't vote for him. I agree that our economy is in peril. I think that McCain will destroy it.
-Judy- me 36, DH 36, DS born 6/12/2000 and DD born 4/19/2009![]()
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I think you may want to reread that book because The New Deal did not push us into the Great Depression.
You may want to better investigate what is happening in your state.
<> http://www.governor.state.pa.us/portal/server.pt?open=512&objID=3080&&level=1&css=L1&mode=2&in_hi_userid=2&cached=true
What is your point?
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