The message finally got through to John McCain to question Obama's math on 95% of Americans getting tax returns when 40% don't pay income taxes at all.
So, Obama came up with quite an interesting response - those people still pay payroll and Medicare taxes. So they will get a cut (read entire refund, plus some) on those taxes that they pay.
The problem is that instead of being able to give a refund based on income taxes, which they don't pay, Obama is instead planning on taking the money out of the Social Security Fund. Now, we all know social security will be bankrupt in the next 15 years or so. Obama wants to speed that up drastically - he's giving people who aren't elligible for social security money from the Social Security Fund. Does this sound like a good idea to anyone? Apparently, the increase in payroll taxes on the "rich" will fund these tax "cuts". he still hasn't said how high he will increase the payroll tax. In addition, he will increase the payroll tax for families making $150,000 or less, not $250,000 or less like the income tax increase.
In addition, Joe the Plumber is starting to cause Obama to change tactics too. The threat of small business tax increases seems to be taking hold in the minds of voters. So, Obama is coming up with intersting new spin.
For example, he claims that 95% of small businesses don't make $250,000, so they will not be effected by the tax increase. Sounds good, right? Here's the problem. 95% of small business employment comes from that 5% that does get hit by Obama's tax increases. Obama can spin the numbers anyway he wants to fool voters (there are lies, damn lies, and statistics) but the fact of the matter is that his plan will kill jobs.
But wait, he recently came up with an answer for that. You can get a $3000 tax credit if you hire someone. Of course, that's fine and good for companies whole tax burden only goes up $3000 a year. But do you really think that a business would have to cut jobs based on a $3000 tax increase? No! Obama's tax plan is going to hit businesses much harder than a $3000 tax credit can solve.
Obama is going to put this country into a depression if he becomes President. He is going to kill jobs.
Oh yeah - one more way he is going to kill jobs. He supports the Employee Free Choice Act... which does not give employees free choice at all. Essentially, it blocks employees from voting to unionize by secret ballot. Currently, you can vote against unionization by secret ballot without risking alienation or intimidation at work. But if Obama is President, those secret ballots go away. Anyone think unionization won't increase during Obama's term.
So, how do employers deal with the increase in union membership? They cut jobs. They ship jobs overseas where there are no unions. That's going to be great for the economy, right?
Labor unions once had their place in the American workforce. I was once a union steward. But they have outlived their own usefulness. Look no further than the automobile industry - the cost of doing business has grown far to high. Look at the movie industry. Films are the number 2 export in America. But more films are made in Canada (where there are no unions) than in Hollywood. Do we really need more unionization.
So, Obama is going to kill jobs and tax the "rich" into oblivion. Is that change any of us can believe in?
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You can believe in the fact that change is coming, it's just not the kind of change we need. Obama is going to be a disaster, particularly with such a gloriously Democratic Congress.
Doesn't change the fact that McCain has lost my vote, though.
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