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  #28 (permalink)  
Old 10-18-2008, 03:04 PM
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Join Date: Nov 2003
Location: Middle Of Nowhere, USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
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One more thing - BO's tax cut covering 95% of Americans does include those who do not pay federal taxes - his logic is that they pay payroll taxes (social security and medicare) so are entitled to a refund - therefore, he plans to take funds from Americans to pay Americans that do not pay federal tax, but he also notes that the payment to non-federal tax paying Americans is not Welfare. Hmmmmm.....isn't getting something for nothing, deserving or not Welfare?

We are all screwed if BO gets elected and a few members here are directly or indirectly behind that effort.

"ABC News' Sunlen Miller reports: Standing beneath the Gateway Arch in downtown St Louis, Senator Obama responded to claims from the McCain campaign that his tax plan is a "welfare" program because it gives tax credits for people who don't pay federal income taxes.

"I'm not giving tax cuts to folks who don't work, I'm giving tax cuts to people who do work. John McCain is so out of touch with the struggles you are facing that he must be the first politician in history to call a tax cut for working people 'welfare.'"

It is true that the Obama refundable tax credits plan does benefit people who are not paying federal income taxes. But, Obama's tax credits go to people who pay payroll taxes, even if they are too low-income to pay federal income taxes. The Obama campaign says most working people pay more in payroll taxes than income tax."
 


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