Obama's campaign misrepresents tax cuts
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Democratic hopeful Barack Obama hopes to carry on one of his party's main points by cutting taxes on the middle class. In order to keep a sufficient amount of revenue flowing into the government, he aims to raise taxes on the upper classes significantly.
However, there remains one small problem in Obama's ?tax cuts." His plan of cutting taxes for the middle class is a bold-face lie.
Obama's form of ?tax cuts? are more accurately known as tax credits, with which the government provides those making less than a certain amount of dollars per year with a tax credit.
With a tax credit government writes a check for citizens to use in paying their taxes. Essentially, the government gives money to themselves, instead of just cutting taxes.
Of the seven of Obama's tax credit proposals only one would be refundable, meaning that of those not paying taxes?roughly 45.6 million Americans?would still receive the credits.
The government would give those making too little to qualify to pay income taxes a check to provide aid to help them pay their non-existent taxes. This is what most refer to as welfare, however the senator calls this providing simple relief for the middle class.
Obama's proposed ?tax cuts? could easily constitute one of the largest welfare programs to ever be implemented, and one of the biggest transfers of wealth from the government directly to the people in our nation's history.
Posted by "Doug Daniel" on November 12, 2008 at 12:27 a.m.
I have another term for what Obama will do. I call it sociaism. With his remarks to Joe the Plummer share the wealth, Obama feels it is some how right and fair to take away from those who work hard there entire life and give it to those who have not.
I am not calling Obama a Communist. With whole class warfare thing and his share the wealth comment it kind of reminds me when Carl Marx said "to each according to there need to each acording to there need." It is a tragic thing that the first African American president will probally be remembered as one of the most terrible presidents ever.
Posted by "Tyler Duerr (R)" on October 30, 2008 at 12:27 a.m.
Obama's tax plan looks great on the outside! The middle class loves to use everything to their advantage. And Obama answers simply. Tax credits for the middle class! Who wouldn't want that?
But what they don't know is what their losing by gaining the tax credits. And the people he's increasing taxes on are the people that provide jobs FOR the people that are receiving the tax credits.
Okay...let's make it harder for the business owners to employ middle class people looking for jobs. Aren't you happy you got your credit middle class? Now most of you don't have jobs.
Tax credits aren't what we need. Cuts on government spending are what we need.
Posted by "Bailey Colbert" on October 30, 2008 at 12:27 a.m.
I am on the Lakeville South High School newspaper, The Current. And all I can say is yes!! This is so true. We need more people like you in our school! This is an awesome piece!
Posted by "Nigel Alcorn" on November 24, 2008 at 12:27 a.m.
The fact that anyone who calls Obama a "socialist" never nails down the exact kind of socialism is revealing.
They never specify whether the President-elect is a democratic socialist, social democrat (a more center-left philosophy), or even a mixture of union-oriented socialism and anarchism (anarcho-syndicalism), etc. And if asked, members of any of these schools of thought will probably say they, at best, distrust or warily support Obama (at worst, they absolutely hate him).
Perhaps people such as Doug mean "socialist" as a mere epithet, not a serious description of a politician's ideology. If so, I really believe it is time to cut back on the colorful accusations.