October 17, 2008

Obama Tax Cut Is Really Just Redistribution

Democratic presidential contender Barack Obama promises to "cut taxes for 95% of American workers." That's not possible.Why? More than 30% pay nothing in federal income taxes. Obama comes up with this number by calling tax credits "tax cuts." One can debate whether these things are good or bad, but they are not tax cuts.

del.icio.us Digg Google Technorati Yahoo!

Permalink • Print

Trackback uri

http://www.taxreturnonline.org/obama-tax-cut-is-really-just-redistribution/trackback/

Related Entries