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October 21, 2008
On Obama's New Tax Welfare: 'Behind the 95'
Topics: Political News and commentariesPeter Ferrara sums up that "95 percent" lie in a nutshell over at Yid with Lid:
Barack Obama says he plans to cut taxes for 95 percent of American workers. That sounds terrific, but there are three problems. One, it is meant to draw attention from the real core of the Obama tax plan: proposed increases in every major federal tax. Two, the structure of the cuts will create perverse incentives. And three, many of the people receiving "tax cuts" don't pay taxes to begin with, meaning they'll be in effect getting welfare.
Continue reading and get the jest of the big monkey wrench in the Obama plan.
Posted by Abdul at October 21, 2008 4:09 PM
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