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Capt. JG Capt. JG is offline
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Default Obama's spending

"Dave" wrote in message
...
On Tue, 9 Sep 2008 13:10:10 -0700, "Capt. JG"
said:

This makes no sense. What are you trying to tell us? Here are the facts:


Look at your own source, Jon. Notice how the propaganda piece you cite
doesn't tell what those supposed "tax cuts" for the bottom 40% consist of?
See that 20% number for people making less than $19,000? See that 20%
number
for people making between $19,000 and $38,000? Those are virtually
universally gonna be people who pay no income tax. How do you cut the
taxes
of people who don't pay tax? You hand them money and call it a "refundable
tax credit." Handing out money to people who pay no income tax isn't a
tax
cut. It's welfare.

Now you undoubtedly believe it's a good idea to make welfare payments to
those folks, and no doubt many would agree. But let's not try to pull the
wool over people's eyes by calling the payments tax cuts.

BTW, McCain got himself in a difficult position to make this point,
because
his own tax program also calls for "refundable tax credits"--i.e. welfare
payments. But on a smaller scale.



Still waiting for your answer......

--
"j" ganz @@
www.sailnow.com