The American Tax Foundation estimates that under the Obama plan 63 million Americans, or 44% of all tax filers, would have no income tax liability and most of those would get a check from the IRS each year.

The Heritage Foundation’s Center for Data Analysis estimates that by 2011, under the Obama plan, an additional 10 million filers would pay zero taxes while cashing checks from the IRS.

The Snob should call it for what it is: an income transfer, a federal check, from a taxpayer to a nontaxpayer. After all, it is the Dhimmicrat way of buying votes.

Regards,
Peter H.

http://www.whitehouse.gov/agenda/taxes/

“The Obama-Biden plan will cut taxes overall, reducing revenues to below the levels that prevailed under Ronald Reagan (less than 18.2 percent of GDP). The plan is a net tax cut — his tax relief for middle class families is larger than the revenue raised by his tax changes for families over $250,000. Coupled with his commitment to cut unnecessary spending, Obama will pay for this tax relief while bringing down the budget deficit. ”

My favorite line is the last part: “Obama will pay for this tax relief while bringing down the budget deficit. ”

What? Is he going to write a check?

I shudder to think where he plans to get all this money from. After the 257% federal tax increase on ONE item, cigarettes, and knowing that our fossil fuels are next, I find myself stocking up on firewood, firelight, and tuning up my old treadle sewing machine…

But this is what people wanted, a wonderous new fresh start…

When he spoke about a “net spending cut,” he meant that we’d have so little money left after we — and our children and our grandchildren — paid for his “programs” that WE’D be the ones who would have to cut OUR spending.

The Daily Show With Jon StewartM – Th 11p / 10cPeter Orszag Pt. 2thedailyshow.comDaily Show Full EpisodesEconomic CrisisPolitical Humor

Link to it if the embedded version dont work:
http://www.thedailyshow.com/video/index.jhtml?videoId=222777&title=peter-orszag-pt.-2

As for the way that Obama talked about how he would bring about cuts in the budget, which effectively sounded like a line item veto power, the federal executive doesn’t have that power! Clinton vs. City of New York made it categorically unconstitutional, i believe. It was always a hustle. I think McCain was an even bigger, more inept, hustler, hence his epic fail.

Why else would they elect a boob with the thinnest resume of any president in history? Why else would douchebag liberals carry on so about how Palin was “unqualified”, and yet NEVER answer what qualifies Il Douche and Joe Bigot?