Obama on Taxes

Third in a series on comparing W's strengths, security, judges, and taxes, to Obama's record.  The following is lifted straight for Citizens for Tax Justice website, a lefty organization that gives Senator Changeyface an amazing 100% ranking on progressive taxation.  (in other words all of the following, to this group, are GOOD things.  You decide)
  • Voted NO on extending the tax cuts on capital gains and dividends.
  • Voted NO on retaining reduced taxes on capital gains & dividends.
  • Voted NO on permanently repealing the `death tax`.
  • Voted NO on supporting permanence of estate tax cuts.
  • Voted NO on repealing the Alternative Minimum Tax.

From Larry Kudlow late last month:

Obama unveiled much of his economic strategy in Wisconsin this week: He wants to spend $150 billion on a green-energy plan. He wants to establish an infrastructure investment bank to the tune of $60 billion. He wants to expand health insurance by roughly $65 billion. He wants to "reopen" trade deals, which is another way of saying he wants to raise the barriers to free trade. He intends to regulate the profits for drug companies, health insurers, and energy firms. He wants to establish a mortgage-interest tax credit. He wants to double the number of workers receiving the earned-income tax credit and triple this benefit for minimum-wage workers....

The Obama spend-o-meter is now up around $800 billion. And tax hikes on the rich won't pay for it.

He cites number cruncher Steve Moore from the Wall Street Journal  who ...

...has done the math on Obama's tax plan. He says it will add up to a 39.6 percent personal income tax, a 52.2 percent combined income and payroll tax, a 28 percent capital-gains tax, a 39.6 percent dividends tax, and a 55 percent estate tax.

Seems this cartoon is pretty darn close.  Not exactly the sort of change I'd like to see


To summarize the series then we can plainly see that, given his postitions, Obama is clearly hellbent on our demise and has a three pronged approach to getting there

1. directly by weakening security
2. indirectly through acitivist courts or
3. just tax us to death.  

 

 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.