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Obama would reinstitute the windfall profits tax, which almost bankrupted the oil industry back in the 1980's. Congress repealed it in 1988 because of that.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'm bothering because I do actually enjoy hearing from those who have a different point of view as do most of the posters here.
You've posted this garbage from liberal academia nuts before. Why did you repeat it? Or do you follow Goebbels' theory that if a lie is repeated often enough it will be believed? Read the book, The Forgotten Man, and get back to me.
I have NOT personally attacked anyone on this board. Your point is moot.
Deride you?
Nope, I'd be doing the same thing if you'd called McCain derogatory names and posted rude remarks to conservative posters.
"stalk you"?
Maybe you read Obama's tax cut wrong.
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