Obama plans to unveil big tax cuts

So you think it is fine if folks find it an economic advantage to shack up with another adult, but file returns as single head of household declaring their children as dependants, allowed medical care for additional pregnancies and child health care, and child care programs, school lunch programs, and receive tax credits, rebates, housing assistance and/or food stamps? Could you please tell me what it is that 'these are the people doing the work no one wants to do' are doing which makes you defend them against the bitternest you claim to see in Christians?

You say nothing of the false economy which the entitlement programs create upon the pocketbooks of all.... rich and poor alike, and most especially those who are just beyond qualifying, and are doing all the right things like reporting all income, getting married, etc, who could really use some relief.... or who would be making it if they did not have to compete for the inflated prices of that false economy, or the tax extortion to pay the welfare of others?

 

He said 95% of WORKING Americans. It was the GOP who threw in the ones who don't pay taxes. But like Walguy said, there are some WORKING American's who don't pay taxes so I guess your statement is fait.

 

...Not surprisingly, considering the class-warfare rhetoric of his campaign, the next president has fallen into the politics-driven trap that has plagued so many of his fellow Democrats: being unable to support a plain old across-the-board cut because "the rich" might get to keep more of their money.
So instead of simply accepting the wisdom of the big Bush across-the-board tax cuts on income and investment, he'll propose what you could call "outcome-based tax-cutting": You're getting a tax cut because Uncle Sam wants a certain thing to happen, like a failed business to unfail.
That philosophy of government micromanagement of the private sector cannot work.
First, there's the glaring flaw that the Obama business tax plan gives a one-year tax credit for companies that generate new jobs or back off on layoffs.
The idea is to give them some relief while they're under strain, like handing a cup of Gatorade to a long-distance runner. But no one can run a marathon without food in his stomach and a road without obstacles.
Businesses need the certainty of low taxes in the long-term future to get past the financial crisis and do well, not the fiscal policy equivalent of a performing seal being rewarded with a sardine from its master.
Then there's Obama's proposed expansion of the write-off for businesses from the current $175,000 to as much as $250,000 for the next two years. This rewards firms who have done badly and may even encourage losses in the future.
Businesses that have done well get no such bonus. It's like applying the failed thinking behind welfare — cash handouts from the government for those who fail — to industry.
What's more, this would superimpose more complexity onto an already burdensome tax code. For accountants, the New Year's Eve party may have only just begun.
Finally, for run-of-the-mill taxpayers, there's Obama's "Making Work Pay" program. It begins with yet more rebates, which — as the Bush administration discovered twice — does little if anything to stimulate the economy.
Sending out nice, fat checks from the U.S. Treasury is an idea that goes back at least to the failed presidential campaign of George McGovern in 1972. But for a tax cut to have any real stimulative effect on productivity, it must serve to reward that productivity: the more you produce (i.e., earn), the bigger your tax cut.
Barack Obama may soon be saying in every speech he makes as president that he enacted the biggest tax cut in history — citing the mind-boggling figure of $300 billion.
But cash from Washington for people who don't pay income taxes, and for businesses that don't work, is not tax-cutting. Instead, it's exactly what Obama the candidate promised Joe the Plumber: wealth redistribution.


http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=316052561666234

 

The problem Bro Curtis is who is going to pay for Government if you cut all the taxes? It is true bush cut taxes across the board and so did Reagan. What we got was a larger deficit. Obama knows he will increase the deficit by at least $1 Trill so it looks like those who can afford it will be asked to keep paying what they currently pay. let me say this another way, $1K per year tax cut won't mean anything to Bill Gates. He waste that much on lunch.