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Obama would reinstitute the windfall profits tax, which almost bankrupted the oil industry back in the 1980's. Congress repealed it in 1988 because of that.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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I think the question is not whether society should provide free public education instead of a fancy private school (the voucher argument).
I think the Constitution was written too early for it to contain a right to healthcare coverage.
<<The onions are an excellent source for Vitamin C.>>
And they also stink so are you implying that John McCain stinks? :-)
Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07
Hi,
As a CL, it's not cl-weberdns0's job to reprimand other members.
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That statement is
I disagree with you, but I'm pretty sure
So, let me ask you this. Where do you think the revenue is to come from to pay for these WARS that Bush has gotten us into? Who is supposed to PAY for it? We are so indebt to China and other countries it isn't even funny!
While I certainly understand that it is not the CL's job to reprimand posters, I do feel that if she is going to single out posters for calling McCain and Bush by nicknames then she should also show the same respect for Obama.
And thank you for your actions regarding the poster in question.
Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07
If we had a flat tax, it wouldn't need to be set at 30%
Also (and this is an oversimplification, lol!) but don't you have a right to live in and walk about in a society where others are as healthy as yourself?
Actually, Congress hasn't given us the right to vote.
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