Obama the tax shifter, not tax cutter

iVillage Member
Registered: 10-12-2008
Obama the tax shifter, not tax cutter
172
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Obama would reinstitute the windfall profits tax, which almost bankrupted the oil industry back in the 1980's. Congress repealed it in 1988 because of that.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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iVillage Member
Registered: 04-24-2008
Sun, 10-12-2008 - 6:23am

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.

iVillage Member
Registered: 10-12-2008
Sun, 10-12-2008 - 6:29am
I gave links as proof that the BO man is not going to cut taxes on 95% of Americans. I gave you proof that Obama is NOT going to cut taxes, but shift the tax burden in such a way that it will effect the economy for the worse. Why do you think the BO man wants to keep Bush's tax cuts intact until the economy recovers? Because his tax cuts aren't tax cuts, and he knows it.
iVillage Member
Registered: 04-24-2008
Sun, 10-12-2008 - 6:43am

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.

iVillage Member
Registered: 07-30-2007
Sun, 10-12-2008 - 7:01am

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 35, DH 35, DS 8.

Siggy

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Baby Slings at Nurtured Family

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Lilypie Expecting a baby Ticker

-Judy- me 36, DH 36, DS born 6/12/2000 and DD born 4/19/2009

iVillage Member
Registered: 04-24-2008
Sun, 10-12-2008 - 7:20am

ITA.

iVillage Member
Registered: 10-12-2008
Sun, 10-12-2008 - 7:33am
I don't trust the BO man, that's for sure! Not with all the new spending he has proposed. McCain hasn't proposed any new spending, but the BO man has. You can read all about his proposed spending in his own plan, which you can download from his website. Our economy stands on the edge of a knife, and the BO man will destroy it for sure, just as FDR destroyed it and pushed us into the great depression with his New Deal. Read the book The Forgotten Man for more information on that subject.
iVillage Member
Registered: 07-30-2007
Sun, 10-12-2008 - 8:24am

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 35, DH 35, DS 8.

Siggy

siggy

pregnant blinkie

Baby Slings at Nurtured Family

Siggy

Lilypie Expecting a baby Ticker

-Judy- me 36, DH 36, DS born 6/12/2000 and DD born 4/19/2009

iVillage Member
Registered: 09-08-2006
Sun, 10-12-2008 - 8:57am

<>


I think you may want to reread that book because The New Deal did not push us into the Great Depression.

 

iVillage Member
Registered: 09-08-2006
Sun, 10-12-2008 - 9:19am

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


In addition to guaranteed property tax relief for every homeowner from gaming, under SS HB 39, Pennsylvania voters will have the option of reducing their property taxes by at least another $1.4 billion in the spring of 2007 by voting to shift a portion of their property taxes to local income taxes.

 

iVillage Member
Registered: 03-16-2004
Sun, 10-12-2008 - 2:22pm

What is your point?

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