id rather spend 1 trillion here on these people than 1 trillion on a fucking war in iraq.
what part of that doesnt make sense to you? seriously man, you are a smart guy... but damn... -- tony Better than a thousand hollow words, is one word that brings peace. -- siddhartha gautama On Tue, Aug 19, 2008 at 2:27 AM, Robert Munn <[EMAIL PROTECTED]> wrote: > http://online.wsj.com/article/SB121910303529751345.html?mod=googlenews_wsj > > Obama's Tax Plan > Is Really a Welfare Plan > By PETER FERRARA > August 19, 2008; Page A17 > > Barack Obama's tax plan is the opposite of supply-side economics. He > proposes to raise marginal rates for just about every federal tax. He > also proposes a raft of tax credits that taxpayers can receive if they > engage in various government-specified activities. > > Moreover, the tax credits would mostly go to those who pay little or > nothing in federal income taxes. His trick is to make the tax credits > "refundable." Thus, if the tax credit is for $1,000, but the taxpayer > would otherwise only pay $200 in taxes, the government would write a > check to the taxpayer for $800. If the taxpayer pays nothing in > federal income taxes, the government would pay him the whole $1,000. > > Such credits are not tax cuts. Indeed, they should be called The New > Tax Welfare. In effect, Mr. Obama is proposing to create or expand a > slew of government spending programs that are disguised as tax > credits. The spending on these programs is then subtracted from the > total tax burden, in order to make the claim that his tax plan is a > net tax cut overall. > > .... > > > continued at wsj.com > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:266133 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
