Senator Obama's Four Tax Increases for People Earning Under $250K
A very good article by Ned Barnett in The American Thinker that pinpoints four major discrepancies/lies in Obama's "No Tax Increase for People Earning Under $250K" tax plan.
"I worked as the state level media and strategy director on three Presidential election campaigns -- I know how "promises" work -- so I analyzed Senator Obama's promises by looking for loopholes.
"The first loophole was easy to find: Senator Obama doesn't 'count' allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse -- allowing the rates to return to a higher levels -- is not actually a 'tax increase.' It's just the lapsing of a tax cut.
"See the difference?
"Neither do I."
Click here to read the full article.
"I worked as the state level media and strategy director on three Presidential election campaigns -- I know how "promises" work -- so I analyzed Senator Obama's promises by looking for loopholes.
"The first loophole was easy to find: Senator Obama doesn't 'count' allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse -- allowing the rates to return to a higher levels -- is not actually a 'tax increase.' It's just the lapsing of a tax cut.
"See the difference?
"Neither do I."
Click here to read the full article.
Labels: 2008 presidential race, barack obama, politics, tax cuts
posted by Lucrezia Borgia @ 9:46 PM
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