Kelley said she didn't know Obama's positions ... so I'm gonna round up a few of 'em.
Obama's New Deal:
Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters.
Obama's investment would be over 10 years as part of two programs. The larger is $150 billion to create 5 million so-called "green collar" jobs to develop more environmentally friendly energy sources.
Sixty billion would go to a National Infrastructure Reinvestment Bank to rebuild highways, bridges, airports and other public projects. Obama estimated that could generate nearly 2 million jobs, many of them in the construction industry that's been hit by the housing crisis.
In addition to raising taxes on the productive members of society, and reducing taxes on those who already pay a pittance, Obama's got this little nugget:
Obama also said he'd simplify the tax code so that any employed American with a bank account can do their taxes in minutes if they take the standard deduction. It makes sense, he said, because the Internal Revenue Service already collects wage and bank account information.
"There's no reason the IRS can't send Americans pre-filled tax forms to verify," he said. "This means no more worry. No more wasted time. No more extra expenses for a tax preparer."
So, you check a box on some form, and the government sends you your tax form to simply sign! Viola! I find it amazing that the same people who oppose FISA, and are generally so mistrustful of government are perfectly content to trust their government with their taxes. And Health Care. And Social Security. And ...
I tell you, the day the majority of Americans no longer pay income taxes ... well, then we're going to go the way of Rome. And, that day is coming closer every year. That graph is frightening.
One of the biggest obstacles facing President Bush’s Advisory Panel on Federal Tax Reform is the fact that America has become divided between a growing class of people who pay no income taxes and a shrinking class of people who are bearing the lion’s share of the burden.
Despite the charges of critics that the tax cuts enacted in 2001, 2003 and 2004 favored the “rich,” these cuts actually reduced the tax burden of low- and middle-income taxpayers and shifted the tax burden onto wealthier taxpayers. Tax Foundation economists estimate that for tax year 2004, a record 42.5 million Americans who filed a tax return (one-third of the 131 million returns filed last year) had no tax liability after they took advantage of their credits and deductions. Millions more paid next to nothing.
Some people, who pay NO income tax still get a "rebate." It's not really a rebate, since they didn't pay it. It's merely a form of wealth transfer.
Broadly speaking, the 42.5 million zero-tax filers are: low-income, young, female-headed households, part-time workers, and beneficiaries of the $1,000 per-child tax credit or the Earned Income Credit.
And how's this for a voting block for Democrats?
That said, the percentage of non-payers within each ethnic or racial group does vary: 28.6 percent of Asian Americans tax filers get back every dollar withheld, 31.1 percent of white American tax filers will owe nothing, and 41.7 percent of African Americans will file a tax return with no liability.
So, why have I gone off on this wild tangent? Because every Democratic candidate continually beats the drum about the unfairness of taxes. They race bait, and pander to those who pay NO INCOME TAX at ALL by stating they're going to give them breaks and make the wealthy "pay their fair share."
hese findings raise serious questions about the future of the U.S. income tax system. Are any future tax cuts, or even tax reforms, possible when the lion’s share of the tax burden is increasingly borne by a shrinking pool of taxpayers who – at least on paper – appear to be "upper-income"? And will the expanding pool of non-payers demand even higher income taxes? These are questions lawmakers must begin to debate.
Please, remember this when Obama and the Democrats talk about taxes. The day the majority pay nothing insofar as taxes is the say of our demise as a country.
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