One of Barack Obama's most potent campaign claims is that he'll cut taxes for no less than 95 percent of "working families." It's a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he's also proposing one of the largest tax increases ever on the other 5 percent. But how does he conjure this miracle, especially since 40 percent of all Americans already pay no income taxes at all? There are several sleights of hand, but the most creative is to redefine the meaning of "tax cut," says the Wall Street Journal:
http://online.wsj.com/article/SB122385651698727257.html
Barack Obama says he will give 95 percent of all American workers a tax cut but does not mention that his plan would send checks to tens of millions of tax filers who pay no personal income taxes - payments that critics say look "suspiciously like welfare."
http://www.washingtontimes.com/news/2008/oct/13/obama-tax-cut-refunds-those-who-dont-pay/
Originally posted by der schwarze RitterBarack Obama shouldn't even be a presidential candidate
One of Barack Obama's most potent campaign claims is that he'll cut taxes for no less than 95 percent of "working families." It's a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he's also proposing one of the largest tax increases ever on the other 5 percent. But how does he conjure this miracle, espe ...[text shortened]... ys the Wall Street Journal:
http://online.wsj.com/article/SB122385651698727257.html
Originally posted by der schwarze RitterYou should have been in the movie Conspiracy Theory instead of Mel Gibson.
One of Barack Obama's most potent campaign claims is that he'll cut taxes for no less than 95 percent of "working families." It's a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he's also proposing one of the largest tax increases ever on the other 5 percent. But how does he conjure this miracle, espe ...[text shortened]... ys the Wall Street Journal:
http://online.wsj.com/article/SB122385651698727257.html