Posted by
The Ice Princess on Wednesday, June 11, 2008 11:29:36 PM
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Obama Tax Cuts?
I just saw on tv how the McCain tax cuts would be a greater tax cut for the wealthy than for the middle class. Now Osama uh- I mean Obama is saying (suddenly) that he too will cut taxes. He is also promising a $1,000 stimulus check to about 95% of American families.
Despite pandering to the leftist mentality of how we should penalize rich people, the media on a liberal news station showed the gain for the average American per year with Obama's plan as $168. Under McCain's tax plan it was $1,200. Let's see $1,000 stimulus + $168 tax savings = $1,168 and the stimulus is only a one-time thing (if he actually kept his tax promises, unlike any other Democrat in history). This means that in the first year under Obama we'd lose $32. Every year after the first year, we'd lose $1,032.
If Obama was president for 8 years, we'd lose about $7,256 per middle class family by their liberal calculations. Of course they didn't actually tell us we'd lose any money, but the math was simple. Now keep in mind, with the big increase in taxes to the rich who employ us middle class folks, we may not even have a job.
Obama also complained that Bush gave Countrywide Motgage a tax break while people were losing their homes. Then he employed a big-wig from Countrywide to run his search for a VP. What he didn't say was that Bush gave those tax breaks to everybody, not Countrywide singled out so that they could take your homes and the tax cuts too. The truth be told, those tax breaks for Countrywide likely saved people's homes and employed people too. I know what Countrywide did was wrong, but it was Obama who employed the likes of their dirty business practices to help him win the election.
Obama for Change and we'll be digging for change in our sofas.
People who believe this political rhetoric and don't back up what they hear with research and facts, don't deserve the right to vote.
God Bless!