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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (42859)	4/22/2010 2:12:58 PM
From: TimF	Read Replies (1) of 71588

What Happened [with federal taxes] in 2009? Its 2010 now. Even if we are limiting the discussion so as to include future tax increases, we have to count the increases already passed in 2010. "No one I've met is looking for a handout," Mr. Obama said in his address Saturday. "And that's not what these tax cuts are. The "cuts" that bring income tax "paid" to below zero, are (the part past zero only) a handout. Obama saying they are not is hardly an argument against that point. Arguments that the handouts where a good idea are also not arguments against that point. would likely only directly impact about 2 to 3 percent of tax returns.... Directly perhaps. Indirectly they effect the whole economy and thus essentially everyone. Short term perhaps, but more and more people will make above $250,000 due to both inflation and growth over time. Also the tobacco tax increase is disproportionately paid by people with below average incomes. And the tax increases associated with Obamacare add additional people to the list of those who are directly affected. So the percentage of people who pay extra taxes, even if your only counting the totally direct effects, is far larger than 2 to 3 percent. And even if it was not, that would be no defense of the tax increase. Taking from 2 to 3 percent is still taking. The president himself says it includes "the largest middle class tax cut for health care in history," referring to the tax credits lower-income people will get to purchase insurance. He says that, while spending a lot more, and claiming it will reduce the deficit. Obviously something doesn't add up here. The law increases taxes more than it cuts them, even if you count this as a cut. And mandating that someone buy insurance, and then giving them some money to pay part of the cost, is rather dubious as a tax cut.

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