kevinm

Obama's Tax Cut: A 'Mustard Seed' of Hope for Investors

Tax cuts are far preferable to spending increases, because people operating in free markets are far more efficient in putting money to productive use than governments.

HOWEVER, the Obama 'tax cuts' are really not tax cuts, but welfare, as they put income caps on the 'tax cuts'-- meaning the upper end actually shoulder MORE of the tax burden--and the lower earners receive 'refunds' of money they never paid--socialist redistribution or welfare.

True tax cuts would be great. That would involve letting everyone participate and cutting MARGINAL tax rates PERMANENTLY. Somehow, I do not think that is what Obama and the dems have in mind.