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The Obama 'tax cuts' are really not tax cuts, but welfare. The most productive members of society, who can spend the most and create the most jobs, will be excluded via income caps and actually shoulder MORE of the tax burden. Those who pay no taxes will get a 'tax cut' (read: socialist welfare payments via redistribution of income). Through Clintonesque word games, Obama and the pliable media turn this into 'tax cuts.'
Jan 06 15:51 pm
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All Comments by User 68127 »Obama's Option: Big Tax Cuts [View article]
It would be great if we had true tax cuts--and they would work! That, however, would mean including everyone through MARGINAL tax rate reductions that are PERMANENT. Then the people could decide how to most productively deploy their money and stimulate the economy. I suspect that this is not what the Dems have in mind.
The alternative is to grow government, balloon the deficit, and increase waste and corruption (for examples, look at Illinois, or the national mortgage scandal, or...) all to line the pockets of cronies and appear to be 'doing something'...