Showing posts with label obama on taxes. Show all posts
Showing posts with label obama on taxes. Show all posts

Wednesday, November 12, 2008

AP Poll: People Want to Wait for Their Tax Cuts

Where are the "people" that were polled? And you should really question why the AP is running this story, knowing that the AP has been in the Tank for Obama for the last two years. Who do you think gave them their marching orders in this issue?

People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.

Eighty percent say trimming personal tax rates should be a goal when the new president takes office in January, but only 36 percent say the cuts should a very top priority, according to a new Associated Press-GfK poll. That was less than half the 84 percent who cited improving the economy as a No. 1 goal, and the 80 percent who said creating jobs should be a paramount task.

Obama promised to cut taxes for working families during the campaign.

Saturday, September 20, 2008

BUSH'S $700 BILLION PLAN VS. OBAMA'S $850 BILLION PLAN (TO SEND MONEY OVERSEAS)

From Gateway Pundit (Those guys are the best bloggers out there):

The Bush Administration today proposed a $700 billion plan to bail out troubled mortgage-related securities and stabilize the American economy.
Reuters reported:
The Bush administration proposed a $700-billion taxpayer-funded plan on Saturday to buy up toxic mortgage-related securities in an urgent effort to calm financial markets and attack the nation's housing crisis. Under the program, the U.S. Treasury Department would buy, or commit to buy, "mortgage-related assets from any financial institution having its headquarters in the United States," said a copy of the Treasury Department's draft legislation obtained by Reuters.
Then there's 1960's socialist Barack Obama's $850 billion plan to lift his brother George from a slum hut in Nigeria... with your money.

George Hussein Onyango Obama, Senator Barack Obama's long lost brother was tracked down living in a hut on the outskirts of Nairobi. Barack Obama has a plan to help his brother with your money.



Obama wants to introduce a global poverty tax ("Global Poverty Act" -S.2433) of $850 billion on America to reduce global poverty. This is part of his shared prosperity plan for America not only here at home but with the rest of the global community. The plan would include a tax of 0.7% of gross national product (GNP).
James Pethokoukis at US News and World Report explained:
Obama has proposed a couple of hundred billion buckaroos in new government spending along with new tax increases. But Obama may have just been getting started. Back in December, Obama sponsored the "Global Poverty Act," a bill that proposed the following (Efharisto to the American Thinker for spotting this one):
To require the President to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the [U.N.] Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.
What this bill would do, in short, is commit the United States to the U.N. declared goal that industrialized countries should spend 0.7 percent a year of their gross domestic product on foreign aid. Over the next decade or so, that would work out to around $850 billion.
McCain should be all over this. The debate should be fun.

Tuesday, July 1, 2008

HOPE + CHANGE = 70% TAX RATE

The tax man cometh:

Obama’s tax plan has two major components. First, he promises to end the Bush tax cuts, allowing the top two tax rates to return to 36 percent and 39.6 percent. Second, he promises to end the Social Security payroll tax cap for incomes above $250,000. Individuals making more than $250,000, therefore, would face a 15.65 percent tax rate from payroll taxes in addition to a top income tax rate of 39.6 percent for a combined tax rate topping 56 percent. Individuals living in cities or states with high taxes such as New York City or California would have tax rates approaching 70 percent, levels not seen since Carter was president.
Obama will be for me and my sons as Carter was for me and my father. Something to curse about at the dinner table.