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Obama would reinstitute the windfall profits tax, which almost bankrupted the oil industry back in the 1980's. Congress repealed it in 1988 because of that.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: 08-25-2008
Tue, 10-14-2008 - 12:39pm

Tell, me please, I want to know, should the wealthy pay LESS tax on their incomes well over 250,000, and make the middle class pay MORE on their spendable incomes? If the Middle class has less money to spend, then the wealthy business owners can kiss profits goodby because the middle class won't have any extra money to buy squat.


Everyone should have the same tax rate - there should be a flat tax that applies to all income.

iVillage Member
Registered: 09-25-2008
Tue, 10-14-2008 - 12:40pm
By that logic you have no right to life.
iVillage Member
Registered: 08-25-2008
Tue, 10-14-2008 - 12:53pm
I guess that makes me a liberal then
Avatar for mommastacie
iVillage Member
Registered: 03-20-2003
Tue, 10-14-2008 - 2:03pm


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Other places you can find me:

iVillage Member
Registered: 04-21-2008
Tue, 10-14-2008 - 2:22pm
At your service.

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iVillage Member
Registered: 05-07-2006
Tue, 10-14-2008 - 2:45pm
Thanks for pointing that out and yes I could pay a flat-tax amount of 15-20% and not affect my life much. I might consider it if I could guarantee it wouldn't go to some stupid earmark. Personally I'd rather give it to someone in need personally and not rely on the government to do it for me, they would just waste 90% of it.





iVillage Member
Registered: 05-07-2006
Tue, 10-14-2008 - 2:48pm
I agree with you and no loopholes either. It would be great!






iVillage Member
Registered: 10-07-2008
Tue, 10-14-2008 - 5:23pm

Obama's own words just proved he has no clue about the economy.

iVillage Member
Registered: 03-09-2007
Tue, 10-14-2008 - 5:32pm
Do you have a link to where Sen Obama made that statement?
Jess


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iVillage Member
Registered: 07-16-2008
Tue, 10-14-2008 - 6:07pm

First, please tell me why your tone is always so negative and angry towards me?

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