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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (2957)	11/3/2008 3:08:31 PM
From: TimF	Read Replies (1) \| Respond to of 86355

The Tax Policy Center makes some of, perhaps all of the mistakes that Obama makes. If you start with a baseline of "letting the tax cuts expire" your starting with a tax increase. The cost should be measured from current tax rates. Also to the extent that the refunds for refundable tax credits bring net income tax costs below zero, the credits beyond that point should count as spending, not as a cost of a tax cut. And payroll tax increases are tax increases which the tax policy center is apparently not counting at all since they are examining the income tax plans. Basically you ignore every point in my post. Points 1-3 show how the analysis is faulty, Point 5 isn't relevant to the Tax Policy Center's examination, but is relevant to the issue of whether taxes are being increased, Point 4 isn't about Obama's plan as such, but about his statements outside his tax plan, and what would have to happen with taxes if he really tries to keep his promises.