Tuesday, September 09, 2008

I've got a bridge to sell you

Check out this web site which computes "Your Obama tax cut."

Now before you get too excited, remember that a campaign promise is only as good as the person making it. Remember back to 1992 when Bill Clinton was running on a platform which included a "middle-class tax cut." Did you ever see it? Me neither. Just a few months after he took office, he announced that cutting taxes on the middle class was just not possible. Instead he pushed through the biggest middle-class tax increase in history.

In addition, recognize that BO has proposed tax increases in a number of other areas. He has said that he will increase the payroll tax, capital gains tax, interest income tax, death tax, and corporate tax rates. For those of you who like corporate taxes because you think that BO will really be sticking it to those big evil corporations, remember that corporate taxes are only paid by people who work for corporations, own stock in corporations, or buy things from corporations.

BO has proposed more than $335 billion in new spending annually. If we know anything about Democrats it is that their appetite for money is insatiable. All of the wonderful new programs which BO wants to inflict upon us will suck up all available money and preclude any tax cuts. Make no mistake, taxes will only go up with Obama in the White House.

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