View Single Post
Old 11-02-2008, 08:01 AM   #6 (permalink)
cwo_ghwebb
No Use for Donk Twits
 
cwo_ghwebb's Avatar
 
Member Since: Jul 2005
Location: Costa Rica bound
Posts: 6,675
Quote:
Originally Posted by The_Twisted_Ear View Post
cwo_ghwebb - I can't wait to read how pissed off everyone (citizen's who voted for and believed Obama) are when they finally realize that Obama will say whatever it takes to become President. Once President - we will really find out what the "magic" middle-class number is...this should be very very interesting.
Another article along the same lines:

Washington Times - Obama camp changes tax-cut beneficiaries

"At this rate, it won't take long until Obama is again raising taxes on Americans making as little as $42,000 a year," said Alex Conant, the Republican National Committee's spokesman, referring to Mr. Obama's vote for a Democratic budget resolution that would have let most of President Bush's tax cuts expire, effectively raising income taxes on Americans making $41,500, according to FactCheck.org.

The Obama tax plan's descending income thresholds has not escaped the notice of Sen. John McCain's campaign, nor the RNC's army of researchers, who were sending out a drumbeat of press releases all week, monitoring the time and place of the Obama campaign's changing numbers. Among those changes:

-- In July: "If you make $250,000 a year or less, we will not raise your taxes. We will cut your taxes," Mr. Obama said in remarks at Powder Springs, Ga.

-- In October: "If you have a job, pay taxes and make less than $200,000 a year, you'll get a tax cut," Mr. Obama said in a TV ad titled "Defining Moment" that has been running across the country.

-- Last week: "What we're saying is that [Mr. Bush's tax cuts to the wealthy] ... should go to middle-class people - people making under $150,000 a year," said Mr. Biden in an interview with WNEP in Scranton, Pa.

-- Friday: Mr. Obama "is basically looking at $120,000 and under [as] among those that are in the middle class and there is a tax cut" for them, Mr. Richardson said on KOA-AM in Denver.

The Obama campaign's varying words on who would be eligible for Mr. Obama's tax cuts left economists Friday scratching their heads and wondering just who would benefit and who would not.

"Every time we look, his plan changes. Anything is possible," said McCain economic adviser Kevin Hassett at the American Enterprise Institute.
The Obama campaign denied moving away from the senator's original tax-cut plan. It said Friday that Mr. Richardson "simply misspoke" when he used the $120,000 figure and "meant to say people making less than $250,000 won't see their taxes increased." The statement said: "Senator Obama wouldn't raise taxes on families making less than $250,000."

However, other economic analysts said that the Obama campaign's declining income eligibility levels for his tax cuts raises troubling questions about Mr. Obama's promise to give tax cuts to 95 percent of all taxpayers.
"A lot of people may vote for Obama thinking they are going to get a tax cut are going to get a tax hike," said Phil Kerpen, director of policy at Americans for Prosperity, a free-market advocacy group.

"What is clearly going on here is the changing definition of what constitutes the middle class," said economist Bruce Bartlett, adding that "the vast majority of Americans say they are middle class and very few think of themselves as either rich or poor."

I think I already pay my 'fair share' of taxes! I don't think I'm poor nor rich, but at this point I have no idea what the socialists have in mind regarding taxing me more heavily.

Since they are going to allow the Bush tax cuts to expire, they are starting from a higher tax rate from which to begin raising taxes.
__________________
I don't accept the false premise that I'm not the Messiah and I'm not infallible! - B.O.
cwo_ghwebb is offline   [ Reply w/Quote ]