Barack Obama wants a stimulus plan and he wants it quick. Part of his stimulus plan, as we are now learning, may include $300 billion worth of tax cuts. And the next question is .. tax cut for who? During the campaign Obama promised a tax cut to 95% of working families. This brought up the question of how you deliver tax cuts to people who don't pay income taxes .. and that includes about half of the 95% of Americans Obama was schmoozing. Now Obamabots are trying to get around this little factual inconvenience by reminding you that these people pay Social Security taxes and Medicare taxes. But wait a minute! I thought that money that goes to Social Security wasn't a tax, it's a contribution! What does it say on your paycheck? FICA? That's "Federal Insurance Contribution Act." This is really an insurance premium, not a tax, so what's really happening here is that Obama wants to give those more likely to vote for him a free ride for their Social Security. That turns Social Security into a pure welfare program. Ditto for Medicare.
So .. .when Obama says "tax cut," he really means "welfare check." A government handout. Your money seized from you and given to someone who didn't earn it ... or your children and grandchildren hit with a debt they'll have to repay later.
This is the new definition of a tax cut. And we have Barack Obama to thank for it, not to mention a compliant media ... a media that refuses to expose this government-speak.
Now with this stimulus package, we don't have many specifics yet. We know that it will include a tax credit/welfare check of $500 per individual or $1,000 per family (whether or not you actually pay taxes), which would "eliminate taxes for about 10 million low-income workers and offer relief to those who pay no taxes at all," this according to The Politico. Do you see how they slip that in there .. "offering relief." That is just a fancy way of saying "redistributing the wealth." The package will also include tax breaks for businesses, a one-year tax credit for new hires and a write-off for new investments.
The GOP has responded "warily" to Obama's plan. GOP leadership is starting to say the things that John McCain should have said during the campaign - being skeptical of Obama's new definition of "tax cut." Finally. But too late. Now the GOP doesn't have the power to do squat. Somehow we need to get back to some clear definitions of tax cuts vs. government handout checks.
Simply put, you can't give tax cuts to people who don't pay income taxes. Government checks to people who don't pay income taxes are simply welfare checks.
Before we move on, I thought you might enjoy this. Read this article from The Politico. It explains how the GOP isn't dancing up and down the aisles about Obama's phony tax cuts. After you've read the article come back to read the very first reader's comment. This is your typical Obama voter. Read this comment and experience the wealth envy, the playing of the race card, corporate hatred .. pretty much what you would expect. This person goes by the initials PJN:
The GOP doesn't want a tax cut???????!!!!! WHY? Because it's not for rich, white folk! Because it's reversing the transfer of wealth (AND POWER) that's been the GOP sham for the past forty years- concentrate wealth and power in an increasingly smaller cicle at the top. How do we pay for Obama's tax relief? Tax the living S--- out of the 10% of this country that has 90% of the wealth. Fuld, Madoff, and the rest of the Wall Street criminals at AIG; Bear Stears; Goldman Sachs; Freddie 'n' Fannie; Citi, and on and on...should have every penny they own stripped from them - domestic and overseas- they should be cast out on the street, homeless, to be spat upon and driven to suicide. Hey, every recovery, you gotta break a few eggs, right?
The age of Obama. Gotta love it.