Obama's tax cut for 95% of Americans

iVillage Member
Registered: 08-17-2005
Obama's tax cut for 95% of Americans
412
Mon, 10-13-2008 - 11:24am

I know it is endlessly brought up how Obama is going to cut taxes for 95% of working families.

Susan

Lilypie 3rd Birthday Ticker

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iVillage Member
Registered: 09-08-2006
Tue, 10-14-2008 - 9:04pm

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iVillage Member
Registered: 09-08-2006
Tue, 10-14-2008 - 9:20pm

 

iVillage Member
Registered: 09-08-2006
Tue, 10-14-2008 - 9:26pm

<again and try to "prove" to you that I am not making any of this up.

 

iVillage Member
Registered: 02-06-2003
Tue, 10-14-2008 - 10:29pm

Strange but I thought you were against people at the bottom receiving "extra" "unearned" money from the govenment?

iVillage Member
Registered: 09-15-2008
Tue, 10-14-2008 - 10:35pm

<<And the basis of your disagreement?>>


-i'm a tax and spend liberal :)

iVillage Member
Registered: 08-25-2008
Tue, 10-14-2008 - 10:41pm

mom, I'm not "preaching" anything - merely pointing out a fact of nature.

iVillage Member
Registered: 08-25-2008
Tue, 10-14-2008 - 10:42pm

now 2... that's usually a pejorative applied by the opposition...


What is the real underpinning of your reasoning - seriously - no snarking.

iVillage Member
Registered: 02-06-2003
Tue, 10-14-2008 - 11:18pm

What age group?

iVillage Member
Registered: 09-15-2008
Tue, 10-14-2008 - 11:34pm

<>


-lol, i cant deny the truth though


<real underpinning of your reasoning - seriously - no snarking.>>


-my reasoning for favoring redistribution of wealth? in all honestly, some of it makes me nervous for reasons that you mentioned. i dont want people becoming "dependent" on govt. but at the same time i think the middle class needs a boost. and i probably would like the idea

iVillage Member
Registered: 08-25-2008
Wed, 10-15-2008 - 8:51am

So, at the risk of putting words in your mouth, you see this as a "pump priming" exercise - move some money out of investment (by the rich) into consumption (by the poor), thereby jump starting the economy.


The problems I see with that are two-fold:


First, Obama's proposal isn't a one-time thing - it will create another government entitlement that people will become ever more dependent on, and it's not targeted at a one-time stimulus in bad times.


Second, given that so much of what we buy is made in foreign countries, stimulating spending rather than investing, will, to my mind, simply move more money out of the country.

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