What tax cuts is Barack going to give middle class?
Posted By: Show me the money and valid SM on 2008-09-04
In Reply to: Here, here, satellite sally. We have not - Go satellitesally!
facts to back it up. We are most definitely middle class and in the last 4 years, I made more money as an IC but didn't have to pay in at year end, for the first time in YEARS. We also got a higher child credit, etc. Or maybe I should ask what you consider middle class, but I am quite sure my measly salary doesn't qualify as anything but and I sure as heck am not in the upper 10%. The proof is in the pudding for me, and not having to pay taxes when I always had before, despite having made more money as an IC, is tasty pudding to me. I can't complain on that particular point.
I've compared both Obama's and McCain's tax proposals, and I sure didn't see a lot of give for middle class in either so apparently you are privy to some information that I am not. Can you show me where I can find that? IMO, they are both ignoring the middle class and the middle class is most of America.
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So, rich tax cuts expire, middle class gets benefit,
will undermine, erode and ultimately vaporize capitalist money/greed ambition and incentive to produce, but keep minimum wage workers at sub-living-wage levels and expect them to have exhibit impeccible work ethic and slave away 24/7 with no complaints? I think I got it now.
He plans to give the middle class (that would be US)
Don't know about you, but I just can't pay any more taxes without going under financially. (Unless someone invents a vaccine that makes it possible to survive without having to EAT.)
Big corporations (I'm not talking about SMALL businesses, here... I said 'BIG'), aren't paying their fair share & pulling their weight tax-wise. Compounding that is the fact that they currently are actually getting incentives for sending work offshore. Why else do you think the LARGEST MT companies are the ones that offshore? In addition to paying p1ss-ant wages to us peons, they're getting financial incentives to do so.
There are also too many loopholes in labor laws that the big co's have going for them. How else would it be possible to tell a U.S. MT that they cannot work overtime, yet that MT has to work 2-6 hrs. over OT per DAY, just to make the 'minimum' line count and keep her health insurance. All withOUT getting paid for said overtime.
With McCain in office, there is little hope that any of that will improve. The fact that Obama is from a younger generation, with newer ideas, at least gives me a glimmer of HOPE, and right now hope means a lot to me, and alot of other people in the US. Will he get some things wrong? Undoubtedly. No one has ever had a 'perfect Presidency'. But will he get some things RIGHT? Absolutely. He will base a lot of his military decisions on TODAY's world situation, not the one that existed in 1942, or 1969.
I don't agree with EVERYthing Obama says (but then again, I never agree with everything ANYone says.) But I think that for this particular time in our country's and the world's history, we stand a better chance of improving the way things are with some new blood in the White House, NOT the same-ol', same-ol'.
helping the lower class and middle class will NOT
Giving handouts to those that do not work certainly does nothing to help their situations; it only encourages it. Middle class are your working class, the support and backbone of this country. Obama's interference in their lives is just that, interference. The democrats have always felt they have the right to interfere in our lives by taxing us to death. What does that do to help us? It only makes us MORE dependent on the government......nothing about MORE government is helping us in any way.
I'm glad you think crime is JUST a biproduct of poverty, not race, which proves you obviously don't live in an area where that would prove you wrong. I live in an area where I know that every BLACK has the same opportunities as whites, the EXACT same education and FREE two college years....FREE, FREE, FREE.....all they have to do is finish high school....not all As or even any Bs, just finish high school. Now, a lot of young people take advantage of that but MANY do not. What do they do instead? Stand on the street corner, run around with their pants hanging down to the knees, steal for drugs, sell drugs to make money so they can buy expensive hubcaps for their souped up cars, buy their expensive shoes and ugly pants, and make MORE BABIES, which by the way, I SUPPORT with my taxes. No, I don't want to hear all that hogwash about their poverty. The media has made so much of that garbage, those that don't live in or near it, don't realize many blacks have the same opportunities; it's just that a lot of blacks, especially in my town, have grown up generation after generation living off the taxpayer and see no reason whatsoever to change their situation. They make more babies.....I'm forced to raise them so that generation can make more babies. Do I wish their situation would change? ABSOLUTELY! Do they have plenty of resources available in this town alone to change that? ABSOLUTELY! Do most of them take advantage of that? ABSOLUTELY NOT!!!! Yes, the majority of crimes in our town is committed by blacks but it AIN'T because of poverty; it's because THEY WANT TO COMMIT A CRIME!! We have poor whites as well and the majority of those do not feel they have the right to steal what belongs to others, kill someone over drugs or a stupid girl, or whatever else one wants to use as an excuse.
Obama will do nothing to help those that feel entitled and look to Obama as just a bigger free paycheck. You don't help anyone by giving them free handouts. If they don't want an educate, won't help themselves, and continue to feel ENTITLED to MY money, Obama certainly won't change that by encouraging laziness and lack of worth ethics.
Making the middle class dependent on the government is in no way helping them; if anything, Obama will be the end to the middle class as we know it today.
Middle class
Didn't McCain define "middle class" as anyone with $5 million??? How realistic is that? I don't personally have, nor do I know anyone, who has $5 million. The "real" middle class is screwed with either of these clowns.
If the new middle class is $120,000 (sm)
Then my income will just push us into that bracket. I wonder if that will negate my entire income? If so, I guess we may be better off if I just quit? Right now I work because I can't afford to quit. I won't be able to afford it then either so what will I do? I wonder how many others will be in my situation?
FYI, we live in a small older home that we are trying to pay off so that when our two children are college-age, maybe we can afford it. We don't live extravagently by any means. What will happen to people like us?
Middle class? sm
If Obama is elected, that is something that our children's children will be reading about in a history book. It is fast disappearing and will be completely gone if Obama takes office.
A New Way To Tax the Middle Class
Just call it something besides a tax.
Who Pays for Cap and Trade?
Hint: They were promised a tax cut during the Obama campaign.Article
Cap and trade is the tax that dare not speak its name, and Democrats are hoping in particular that no one notices who would pay for their climate ambitions. With President Obama depending on vast new carbon revenues in his budget and Congress promising a bill by May, perhaps Americans would like to know the deeply unequal ways that climate costs would be distributed across regions and income groups.
Politicians love cap and trade because they can claim to be taxing "polluters," not workers. Hardly. Once the government creates a scarce new commodity -- in this case the right to emit carbon -- and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag -- now Mr. Obama's budget director -- told Congress last year that "Those price increases are essential to the success of a cap-and-trade program."
Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.
The Congressional Budget Office -- Mr. Orszag's former roost -- estimates that the price hikes from a 15% cut in emissions would cost the average household in the bottom-income quintile about 3.3% of its after-tax income every year. That's about $680, not including the costs of reduced employment and output. The three middle quintiles would see their paychecks cut between $880 and $1,500, or 2.9% to 2.7% of income. The rich would pay 1.7%. Cap and trade is the ideal policy for every Beltway analyst who thinks the tax code is too progressive (all five of them).
But the greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels -- particularly coal, which generates most power in the Midwest, Southern and Plains states. It's no coincidence that the liberals most invested in cap and trade -- Barbara Boxer, Henry Waxman, Ed Markey -- come from California or the Northeast.
Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation. In Ohio, it totals 86%, according to the Energy Information Administration. Ratepayers in Indiana (94%), Missouri (85%), New Mexico (80%), Pennsylvania (56%), West Virginia (98%) and Wyoming (95%) are going to get soaked.
Another way to think about it is in terms of per capita greenhouse-gas emissions. California is the No. 2 carbon emitter in the country but also has a large economy and population. So the average Californian only had a carbon footprint of about 12 tons of CO2-equivalent in 2005, according to the World Resource Institute's Climate Analysis Indicators, which integrates all government data. The situation is very different in Wyoming and North Dakota -- paging Senators Mike Enzi and Kent Conrad -- where every person was responsible for 154 and 95 tons, respectively. See the nearby chart for cap and trade's biggest state winners and losers.
Democrats say they'll allow some of this ocean of new cap-and-trade revenue to trickle back down to the public. In his budget, Mr. Obama wants to recycle $525 billion through the "making work pay" tax credit that goes to many people who don't pay income taxes. But $400 for individuals and $800 for families still doesn't offset carbon's income raid, especially in states with higher carbon use.
All the more so because the Administration is lowballing its cap-and-trade tax estimates. Its stated goal is to reduce emissions 14% below 2005 levels by 2020, which assuming that four-fifths of emissions are covered (excluding agriculture, for instance), works out to about $13 or $14 per ton of CO2. When CBO scored a similar bill last year, it expected prices to start at $23 and rise to $44 by 2018. CBO also projected the total value of the allowances at $902 billion over the first decade, which is some $256 billion more than the Administration's estimate.
We asked the White House budget office for the assumptions behind its revenue estimates, but a spokesman said the Administration doesn't have a formal proposal and will work with Congress and "stakeholders" to shape one. We were also pointed to recent comments by Mr. Orszag that he was "sure there will be enough there to finance the things that we have identified" and maybe "additional money" too. In other words, Mr. Obama expects a much larger tax increase than even he is willing to admit.
Those "stakeholders" are going to need some very large bribes, starting with the regions that stand to lose the most. Led by Michigan's Debbie Stabenow, 15 Senate Democrats have already formed a "gang" demanding that "consumers and workers in all regions of the U.S. are protected from undue hardship." In practice, this would mean corporate welfare for carbon-heavy businesses.
And of course Congress is its own "stakeholder." An economy-wide tax under the cover of saving the environment is the best political moneymaker since the income tax. Obama officials are already telling the press, sotto voce, that climate revenues might fund universal health care and other new social spending. No doubt they would, and when they did Mr. Obama's cap-and-trade rebates would become even smaller.
Cap and trade, in other words, is a scheme to redistribute income and wealth -- but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class.
She actually grew up middle class
and made her own money. Then married Sir Rothschild. Why couldn't I have found a guy like that?!?
The middle class has already all but disappeared under...sm
republican rule. Based on earnings, we have a huge lower class, a very small middle class, and a tiny upper class that makes over 90% of the income in the US.
The middle class needs to realize
that John McCain's economic plan is designed from the ground up to raise incomes and create jobs for Americans - especially middle-class Americans - and get our economy moving again. It is in sharp contrast to Barack Obama's plan, which does not treat the middle class well and which will reduce jobs rather than create them.
"The McCain tax plan will allow middle-class Americans to keep more of what they earn than the Obama tax plan. McCain will increase the exemption for children from $3,500 to $7,000 per child, and he will provide a refundable health care tax credit of $5,000 for every family. What does this mean for middle-class families? Consider a married couple, one of whom works, earning $55,000 plus employer-paid health insurance of $8,000, and who rent their home and have two young children. Under McCain's plan, this family would receive a tax refund of $2,087 for health care and other things. Under Obama's plan, including his proposed worker's credit, this same family would not get any tax refund; in fact, they will have to pay taxes of $1,213. That's a $3,300 advantage for that family with McCain's plan compared with Obama's.
McCain's plan also provides incentives for firms to hire more workers and to pay them more. He will stop penalizing American firms when they create jobs in America rather than overseas. The U.S. tax code now levies a tax of 35 percent on American firms, the second highest in the world. McCain would reduce the tax to 25 percent, an important reason why his plan creates more jobs than Obama's. Another reason is that McCain will not raise the tax on small businesses, as Obama's plan does. Under Obama's plan, the top marginal income tax rate, which many small businesses pay, will rise to over 50 percent, including his proposed 5 percent increase in the statutory rate, 3 percent for Medicare, 3 percent for Social Security, and 4 percent from the phase out of exemptions.
McCain's economic plan is comprehensive and helps the middle class in many other ways. By promoting domestic energy production, including nuclear power and exploration and production of oil and gas - which Obama has opposed - McCain will reduce the price of gasoline, electricity and heating oil. By promoting free-trade agreements, he will reduce taxes on job-creating exports and reduce the prices that middle- and lower-income families pay for food and clothing. In contrast, Sen. Obama opposes good trade agreements - voting against the Colombia free-trade agreement - that would create jobs in America."
Does the middle class ever get a break?
All I heard during Barrack Obama's campaign was how he was going to look out for the middle class and how Bush and McCain would do nothing more than make the rich richer. Well, every time I turn on the news, I cringe. All I see are crooks. CEO crooks, rich crooks, and political crooks. These crooks are getting rich off of taxpayers and we are getting nothing in return. The initial bailout has done nothing. The stock market is still extremely low. The only good thing I've heard of late is that gas is below 2 dollars a gallon right now. Now GM wants a bailout. Their CEOs flying in on private jets and asking for a handout. I truly do not want to get them one because I know it won't change anything. However, it breaks my heart to think of the millions of people who will truly suffer from this....including my mother.
Now President-elect Obama still claims to be out there for the middle class, but I just don't see it. His plans will do nothing more than to help the lower class. The rich will survive as they are rich, but it will be the middle class who again takes the hit. The more TV I watch, the more I see Obama as nothing more than a puppet of his political party.
My husband is so stressed out about this economy and his business that he is losing sleep at night. He had to fire someone yesterday to save costs which means he will have to work a lot more hours to cover for the person he had to let go which will add more stress and little to no downtime for him. Not to mention the poor bloke he had to fire right before the holidays.
I'm sitting here at my desk thinking about our monthly house payment and our two kids and I wonder how we will make it if my husband's boss decides to close his store. Will he send him to another store or will he just let him go? How will he find another job in this economy that would make enough money to pay our house payment? What will happen to my mom if GM gets rid of legacy expenses and she loses my dad's pension and her health benefits. What happens to my brother when his factory goes under and he is left with three kids and a wife to support?
Is anyone else literally sick to their stomach about all of this? I feel like I could just hurl and then I turn TV on and see all these crooks and I just want to scream. I've tried to stay positive and I've tried to give Obama the benefit of the doubt but his pal Bill Clinton is the one who started the housing crisis by forcing bad loans to be given and Obama has done nothing but surround himself with Clintons and I just can't shake the feeling that we won't rebound from this......at least not for a very very long time.
Dems to focus on middle class..sm
Pelosi, Hoyer Say Their Focus Will Be on Helping Middle Class
Monday, November 20, 2006
Associated Press
WASHINGTON — House Speaker-elect Nancy Pelosi said Monday her new Democratic majority will extend a hand to Republicans in moving the agenda of relieving the middle-class squeeze. She said restoring the military draft will not be part of that agenda when Democrats take over the House in January.
Pelosi, following a strategy meeting with the next House majority leader, Steny Hoyer, D-Md., said she will meet with incoming House Minority Leader John Boehner and we'll find our common ground for the American people.
The principle of civility and respect for minority participation in this House is something we promised the American people. It's the right thing to do, she said.
Pelosi and Hoyer repeated that in the first 100 legislative hours of the new Congress that convenes in January, they will try to pass bills that directly affect the pocketbooks of working-class and middle-class people, including raising the minimum wage, cutting interest rates for student loans and allowing the Medicare program to negotiate lower drug prices.
Other top priorities for January are lobbying reform, implementing the recommendations of the 9/11 Commission and rolling back subsidies to the oil industry.
Pelosi said restoring the draft will not be on that list and was not something she supported.
The speaker and I discussed scheduling and it did not include that, Hoyer added.
Incoming Ways and Means Committee Chairman Charlie Rangel, D-N.Y., caused a stir by repeating a long-held position that a draft is the best way to ensure that all levels of society are represented in the military. Besides Rangel, there is almost no support in Congress for restoring the draft.
It's not about a draft, it's about shared sacrifice in this country, Pelosi said. She said Rangel is a strong voice for social justice in our country and his support for the draft was a way to make a point.
And do you know why the cost of living for the middle class has gone down...?
because we are being taxed to death. The amount of our income off the top for taxes has increased over all those years. More programs to help the "poor," some of which have moved people from what used to be middle class to the "poor class" to get on some of those social programs...which is never a good thing...and meanwhile the working middle class continues to get the tax shaft. Yeah, we are being had...by those who want to spend, tax, spend, tax, spend....
Obama's tax cut plan for middle class
http://www.barackobama.com/issues/economy/#tax-relief
Provide Middle Class Americans Tax Relief
Obama will cut income taxes by $1,000 for working families to offset the payroll tax they pay.
• Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.
• Eliminate Income Taxes for Seniors Making Less than $50,000: Barack Obama will eliminate all income taxation of seniors making less than $50,000 per year. This proposal will eliminate income taxes for 7 million seniors and provide these seniors with an average savings of $1,400 each year. Under the Obama plan, 27 million American seniors will also not need to file an income tax return.
• Simplify Tax Filings for Middle Class Americans: Obama will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. Experts estimate that the Obama proposal will save Americans up to 200 million total hours of work and aggravation and up to $2 billion in tax preparer fees.
Well I guess the middle class who can't scrape
enough together to feed their kids, or pay their bills don't really have a good sense of humor right now - imagine that.
IMO it was just another insensitive remark he has made, trying to be the comedian.
Why wasn't he worried about us in the middle class...
when first McCain and then the Bush admin warned about fannie/freddie and that they needed to be reeled in? Where was all that concern for us then, when it realy mattered??
I hope you are right, that someone is standing up for the middle class (sm)
But I think what is more likely to happen is that we will ALL be taxed more and we will ALL have less money and it will be spread throughout the world. What you see as wealth and middle class will no longer be the same. Wealth will be being able to afford to feed your family. The jobs will go overseas alright, even more so than they are now. I wish I believed that you are right. That would be great! Unfortunately, I think it is a dream, far from the reality of the nightmare that is coming.
Walking up the backs of the middle-class to
xx
Just proof that Obama really isn't out for the middle class.
He just wants our vote and he figured this would be the way to get it. To promise to not tax us middle class folks. I don't believe he intends to keep his promise. He may at first but the bottom line is that all the government spending of his and the 3 trillion dollars he plans to spend....where he is going to get that money? He is going to get it from us and that includes the middle class.
All the companies who get tax hikes will pass that tax onto us as well by jacking up prices of products and services so we the consumers pay for that tax hike. Then Obama will have to raise taxes on the middle class as well to cover his government spending. It is common sense people. Look at his record. He has consistently wanted to raise taxes and that includes on us middle class folks he is all of sudden so interested in helping out since he is up for election. Give me a break. I see through the lies and false promises. That isn't change. That is Washington elitists at their norm.
I see the new middle class has dropped from 250,000 to 120,000 and could be lower.
Very, very contradicting to me. Obama changing a lot of what he said lately and it gets worse. He wants us to vote early and take off from work Nov. 4th to help him win. Fox news also reports Obama and his campaign lays out plans to kill expectations after win because of concerns that many supporters are now harboring unrealistic hopes of what can be achieved. What the heck? Now he says, "it will be hard to achieve goals and will take time." He says one thing and then says another. I want to know where these unauthorized credit cards came from for his campaign. I want to see his birth certificate that he cannot cough up and there is a petition out and he is under investigation if he was truly born in the good ole USA. Call your State Department and they will tell you there is an investigation and they trying to get this resolved before Nov. 4th. So much uncertainty. Hope I do not offend anyone, but just like a bumper sticker I read
I'll keep my God, my freedom, my guns, and my money, you can keep THE CHANGE. VOTE FOR MCCAIN/PALIN.
Not super rich, am middle class, but i am not a ...
Marxist socialist. That kind of stomping on I can do without. I may have to live through it, but I am not handing him the ball bat to hit me over the head with.
I am middle class, but I dont "buy" Obama's
nm
Actually, the black middle class is the fasted growing population, but
x
working poor and middle class need defending not rich
Believe me, the rich do not need to be defended. They are getting along just fine and can pay for the best defense in the world. Debating about how the rich should have their money, on and on..if anyone needs defending, it is the working poor and the middle class whose salary for the past five years has gone down, not increased.
I didn't realize middle class meant uneducated......
xx
Also, because we are white middle class and have a house, we are putting kids through college, ever
nm
Her point is that Obama voted repeatedly against tax breaks for the middle class and suddenly he'
the middle class person's best friend! Funny how now he wants to help us, when each time he had the opportunity to, he voted against it.
So people are poor because they chose to give tax cuts to billionaires?
Just today Cheney cast the deciding vote to cut back Medicare, Medicaid, and student loans. I guess as long as you're not the one who has a bit of misfortune and need a safety net, you really don't give a hoot, do ya? What about the billions spent in Iraq to turn it into a theocracy like Iran?
Exactly! I don't give a darn WHAT his middle name is...
but I do care about who he is allied with, and have said numerous times that his pastor and mentor is very thick with Louis Farrakahn, and now Farrakhan has come out singing Obama's praises. Talk about hateful racist comments...Farrakhan is a virulent racist.
It's not low class to give a gift...(sm)
that was requested. I guess you ignored the other gift they gave her. Sounds to me like the Obamas did their homework. Maybe that's why the queen put her arm around Michelle and yet doesn't like to touch anyone else (reportedly).
Let's face it. You guys absolutely can't stand the fact that a democrat is in the White House and that he's doing an excellent job. Kind of makes the last guy look like Barney Fife.
Uh oh...what was that? Oh....that was just the Dow going up again today. 
is the the starting point or the end point for the middle class?
x
tax cuts. oh, really?
I thought I was the only one who knew this. If tax cuts expire, we get honked! Duh! That's more $ out of our pockets!
Can someone explain why they want to have a lower salary? All I ever hear around here is how our paychecks continue to dwindle. If Obama gets elected, plan on an even smaller check!
How can this be so hard to figure out?
pay cuts
Where are you seeing this information so I can read this?
I see that there are tax cuts in there -
http://news.yahoo.com/s/ap/20090202/ap_on_go_co/congress_stimulus
Tax Cuts
I really think if we had had the tax cuts the last 8 years that we had WITHOUT all the additional spending, we would have been fine. I don't think it was the tax cuts that didn't work, but we spent way more than the tax cuts could help.
With that line of thought, spending more definitely isn't going to help.
Maybe all of the politicians that have 5 or 6 houses (yes, including Mccain) should sell all of their extra fluff and try to pay back some of our deficit. You know, live like regular hard-working American people. I mean really, they got us here, because they don't ever listen to what the regular people say!
Like that'll ever happen!
Tax Cuts
President Barack Obama ordered the U.S. Treasury on Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession.
http://uk.reuters.com/article/UKNews1/idUKTRE51K1P320090221
Of course, those of you on the right who despise President Obama certainly do not have to accept these tax cuts. You are welcome to stay at your current tax rate in protest.
So much for tax cuts for 95%
of us. What a joke. Obama wants a cap and trade green tax.......do you realize how many people that will hit hard. Gas prices will be higher, grocery prices will go up, utility bills with skyrocket. This isn't just for the rich. This will hit everyone!!! Obama himself said that energy costs would skyrocket.....he said that during his campaign. I'm all for our environment, but this isn't the time to do this. This isn't going to help us at all. This is going to hit all consumers.....including low class and middle class consumers.....not just the rich. So this BS of providing tax cuts for 95% of Americans is nothing but a distraction for the Kool-Aid drinkers. He is like an illusionist....gets you focusing on one hand so we can't see what he is doing with his other hand.
tax cuts
Did anyone actually see a larger check beginning April 1st? I know I did not. I am paid hourly for 40 hours and my check was SMALLER by almost $50. Is this an anomaly or did my payroll dept screw up or am I not the only one who experienced this? Just curious.
where are the cuts coming from?
who is losing out ESPECIALLY when he has all these plans for additional government programs?
Thanks for posting this - I think it cuts thru the
thanks
The problem with the tax cuts is that
they only work when the government stops spending wasteful money. Instead they are giving us tax cuts AND still spending money. This bill spends more than anything. I don't see where you get the OP was racism. I too am doubtful of this stimulus package and it has nothing to do with what color President Obama is. We can criticize our president as we have always been able to do in years past. Why has this changed? I'm sick and tired of people hating Obama because he is black but I'm also sick and tired of hearing how the people who criticize him are only criticizing him because he is black. Either way....it is racism BS. STOP IT!
If we go back and look at the last 8 years, Bush's tax cuts didn't help because government was STILL spending. Bush was not a dictator any more than Obama is. Government as a whole contributed to our downfall. I blame them all and I tend to keep an eye on the whole lot....not just Obama.
The problem with the tax cuts is that
they only work when the government stops spending wasteful money. Instead they are giving us tax cuts AND still spending money. This bill spends more than anything. I don't see where you get the OP was racism. I too am doubtful of this stimulus package and it has nothing to do with what color President Obama is. We can criticize our president as we have always been able to do in years past. Why has this changed? I'm sick and tired of people hating Obama because he is black but I'm also sick and tired of hearing how the people who criticize him are only criticizing him because he is black. Either way....it is racist BS. STOP IT!
If we go back and look at the last 8 years, Bush's tax cuts didn't help because government was STILL spending. Bush was not a dictator any more than Obama is. Government as a whole contributed to our downfall. I blame them all and I tend to keep an eye on the whole lot....not just Obama.
Bush Tax Cuts Will Expire
Don't blame me, it's the plan, as Dems refuse to keep it going. Also, Nancy Pelosi is backed into a corner, so is only saying she'll consider drilling in the US. It's the truth. She won't. Just watch it play out. Pelosi has the power to NOT bring items to the floor, and she will. She & the Dems are beholden to moveon.org, etc. George Soros has even far more power than Pelosi. Again, do your research. He's the one who was behind legalization of "medical" marijuana in CA, just to name a few.
Has anyone thought about the Presidency, House, & Senate all being one party?
Whether it's R or D, it's not a good thing for Americans!
Incidentally, I'm not a fan of McCain or Bush.
that knife cuts both ways
I am reluctant to say it but...biden wasn't the only one. Palin got in her fair share, too. Take a look at "fact check." They both spun things their own way. That's what is so very sad. They all lie and expect us to swallow their crap like it's gospel and they leave people knowing we can't trust anyone in our own government. I think people now vote not for someone they actually like (because we can't trust them) but for whoever will be the lesser of 2 evils.
Sorry Sam, but the Bush cuts were only for those over $250K nm
not us peons
tax cuts?? just look at the table at the bottom
http://www.americanthinker.com/2008/10/senator_obamas_four_tax_increa.html
I heard him say that the tax cuts would precede
no definite timetable on the increases. I was particularly happy to see the emphasis on jobs in generally speaking, relief to the middle class as his obvious priority.
Stimulus versus tax cuts
Stimulus means SPENDING
Non-refundable tax rebates means every $1.00 spent creates $1.02 in economic activity. 2 freaking cents (makes sense to the pubs.....I guess)
Infrastructure - every dollar spent equals $1.59 in economic activity (bridges, roads, etc.)
Food stamps (which the pubs want to cut out of the bill) - every dollar spent equals $1.73 in economic activity. This is the single most productive stimulus we have. Food stamps will get SPENT, unlike tax rebates.
If the pubs have their way, the bill will be 42% tax cuts which will not benefit job creation or improve the economy. They want to fail. Why? And you all call your senators to support this? If it gets pushed through like this, you have only yourselves to blame when everything goes to helll. You can't blame Obama for this cluster.
Trickle up tax cuts 4 rich works so well
full-blown depression in view of FMFM. JM promises change in economic policies how? Show me the plan.
O's plan gives tax cuts to people who dont pay
nm
But...how much are your taxes going up if the bush tax cuts are repeated....
that will be coming out of your huge difference there.
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