Tag: tax

Obama’s Budget is a Giveaway Grab Bag; You Don’t Know What Will Come Out of It

We’ve already seen how Barack manages large programs, under the Annenberg Challenge with Bill Ayers he gave away a total of 150 million to gaggle of community activist groups to improve schools. Some of those groups were radical, but putting that aside a moment you can see that the vague “feel good” instead of results-oriented direction under Obama just created monumental waste with zero results. The other cities given these grants saw improvement, Chicago stands alone with zero improvement.

His proposed budget for the country should give everyone pause, especially with Annenberg as the only real executive track record to judge by. Traditional media has ignored this because of the Ayers weather underground terror connection and Marxist ideology, but it’s essential to examine Annenberg because it’s the only executive “achievement” that Barack Obama has. The MSM failure to examine the results and goals of Annenberg in detail is journalistic and moral bankruptcy.

The McCain-Palin campaign has critized his tax plans as welfare, so Barack’s campaign has come back and tweaked it to add a work requirement. (They will materialize things out of thin air as needed to get elected.) This comes from the New Hampshire Union Leader in reply:

“Facing criticism from John McCain that his tax plan constitutes ‘welfare,’ Barack Obama recently added a work requirement to one of his proposals. ‘They started saying this was welfare,’ said Obama adviser Austan Goolsbee. “So, just so they would absolutely not be able to say that, we decided that for the last two percent we’ll simply add a work requirement.’ …’When did this change? I’m just curious,’ an incredulous Holtz-Eakin asked Goolsbee. ‘About two weeks ago,’ replied Goolsbee, adding that when the proposal was announced in September 2007, 98 percent of its benefits went to workers.” — ABC News

“The bottom line is that Obama is not being honest about his tax and spending plans. It is impossible — impossible! — for him to finance his giveaways by taxing only those making $250,000 or more. He will have to raise taxes substantially on people making much, much less than that. If you think you are going to avoid a tax increase on Obama’s watch because you aren’t ‘rich,’ remember this: A government that arbitrarily picks $250,000 as a dividing line can, using the same purely political considerations, pick any number as a dividing line.” — New Hampshire Union Leader

 

Kudos to the NH Union Leader for pinning down the specifics on this, as we know Obama prefers to be vague — he puts forth sweeping general statements that sound good, and we are not supposed to question. Barack is running for president however, and it’s every journalist’s duty to question.

So once again you see that the Obama campaign is a weather vane moving in the wind, and as everyone knows you don’t need a weatherman to see which way the wind blows…

Down the Road is 2011: Dems Plan to Raise Taxes By Letting Bush Tax Cuts Expire

Barney Frank on MSNBC talking about how “down the road” [translation: after Barack is elected] we need to tax “the rich” more to pay for even more stimulus now [translation: money for cronies and democrat groups.] The Democrat definition of “rich” changes depending on audience, but in the end you will pay. You always do:

Rep. Frank: “Yes, I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money.”(CNBC’s “Closing Bell,” 10/20/08)

As stated before, when you “tax the rich” (2/3rds of small businesses) YOU end up paying.

Spreading the Joe’s Wealth Around – Obama’s New Welfare Plan

There are quite a few things wrong with Obama’s new Tax plan, but I’m going to focus on two that are egregiously wrong. The worst thing about it is the built-in socialism, he would tax most busineses in America and pass the money on in the form a of check to the thirty percent of taxpayers who pay no taxes now. Ignore Obama’s protestations about business owner income taxation, it’s a dodge, a smokescreen –most businesses are incorporated and must file their own return and they would be Taxed. It’s welfare revisited, as outlined in this Fox and Friends segment:

On top of taxing most businesses in the US, Obama would also hit the large corporations that just lost huge chunks of net worth; which directly impacts your pension and 401 K plan during a recession. Besides the huge raid on your pension or 401K net worth, Obama’s trickle-down taxation would tax Joe the plumber, Jill the hairdresser, Bill the baker, Bob the butcher and hosts of others who you depend on day in and day out for goods and services.

Do you think you might end up paying a bit more next time you call a plumber, a furnace repairman, shop for groceries, buy gas, or get your hair done under Obama’s plan? Whatever segment of society is taxed you will pay the end. Thus has it always been, thus it will always be until death do you part from the IRS.

Obama will tax the engine of america’s productivity while we are in a recession to re-introduce welfare, make no mistake: no matter how much he talks about the middle class he’s talking about spreading your wealth around. Last point: if Obama is elected he might initially cut your tax, but it would all be washed away as a Democrat congress and a Democrat president let the Bush tax cuts expire in 2011 — so don’t be fooled by Obama’s shell game with your tax dollars.

This next video spells it out and is hilarious, so I expect the Obamabots to get it flagged down at Youtube pretty quickly, watch while you can:

UPDATE: This is one of those posts I look back on in horror – “Joe the plumber” turned out to be the standard christian fundamentalist zealot and RWNJ everyone was warning me about…

Big Government Casts a Big Shadow

The latest McCain-Palin advertisements, Is Raines next to go under the bus?:

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More on this from Ed at Hot Air and at Jammie Wearing Fool

McCain Slams Obama on Taxes

While the MSM continues to paint John McCain as weak on the economy, he continues to exhibit signs that he has firmer grasp of economic reality than his opponent Obama. This as evidenced by McCain’s anti-tax and anti-spending positions as well as his long record on both issues. (The notable outlier was his original opposition to Bush tax cuts because they did not at the same time reduce spending. If conservatives had listened to that message perhaps the 2006 election cycle would have gone a bit better for them.)

This morning McCain is on attack again as he challenges Obama’s weakness on taxes:

If you are one of the 23 million small business owners in America who files as an individual rate payer, Sen. Obama is going to raise your tax rates. If you have an investment for your child’s education or own a mutual fund or a stock in a retirement plan, he is going to raise your taxes. He will raise estate taxes to 45%. I propose to cut them to 15%. His plan will hurt the American worker and family. It will hurt the economy and cost us jobs,” McCain will say today, according to excerpts released by the campaign. “At a time of increasing gas and food prices, American families need tax relief and I, not my opponent, will deliver it.

Who knew that Obama had 100 million plus in Earmarks during his short senate stint?