Obama’s Tax Cut is Actually a Spending Increase, Says Non-Partisan Group

>Twenty percent of taxpayers, who pay 87.5 percent of total income taxes, will actually see after-tax income decline under Obama by nearly two percent, according to the Center.

Breaks my heart. Median family income is $50K. That's two people making $11/hour. 2nd decile - i think - is $40K. That's two people working making $9/hour.

 

I take it you didn't see the quote I posted from the same group yesterday showing how McCain's plan will raise the deficit more than Obama's.

 

Lie - Obama plans to cut taxes on 95 percent of taxpayers.

Truth: In real numbers, 60.7 million people who have no tax burden at all will receive refunds from Obama. He counts these people in his 95%

Truth: Most of the benefits of Obama’s plan would go to the bottom 40 percent of wage earners, a group that, according to the Congressional Budget Office and the Tax Policy Center, pays zero percent of the nation’s income taxes.

Truth: When compared with current law, people earning $20,000-$50,000 a year will see their effective tax rates -- the amount of money the taxpayer actually ends up paying the government -- increase on average under Obama’s plan.

Truth: Most households making $30,000-$75,000 will not see a reduction in their taxes under Obama’s plan relative to current law.

Fact: Obama is a liar.

Fact: A huge number of otherwise intelligent people are buying his lies or helping cover them up to realize their political agenda.

Conclusion: That makes them either blindly ignorant or liars as well.

 

From the same source as the OP

http://www.cbsnews.com/stories/2008/10/30/eveningnews/main4559479.shtml

 

That's a no brainer.

It's a result of increased taxes on any family that makes over $75,000 a year.

Obama is a huge liar concerning his tax program and you've bought into it.

The deficit is a separate issue you wish to bring forward to lead the topic off topic. It's too tough for you to handle, as is.

 

You mean $250k. Why must you distort the facts? Is the truth that painful to face?

I have no problem with the poor workers getting a rebate check. Bush just gave one to everybody but Obama is giving it to those who need it most. Not much different if you're not just trying to make a big deal out of it. I know of working families making less than poverty. I don't mind doing something for them and their kids.

 

Yes, I misstated the income figure, but the basic facts remain the same.

Obama is a liar and no where near 95% of American taxpayers will see a reduction in their tax burden.

It is impossible to 95% of taxpayers to pay lower taxes when only 62% pay taxes in the first place.

Another fact unmentioned by this liberal think tank is that none of these tax predictions include Obama's over $1 Trillion in recommended new spending.

That money has to come from somewhere, so he's either lying about the tax burden or he's lying about the deficit.

My bet is both.