rand mair fheal wrote in
:

In article ,
D Murphy wrote:

OK then, find one credible economic anylist that says either plan
will eliminate deficit spending.

reality is the congress makes these decision
democrats in congress have been doing fairly adequate at revenue
neutrality

True. But if your putting a Democrat in as president with a Democratic
controlled congress, there's a high likelyhood of some or most of this
happening.


[Provide a Tax Cut for Working Families: Obama and Biden will restore
fairness to the tax code and provide 150 million workers the tax
relief they need. Obama and Biden will create a new "Making Work Pay"
tax credit of up to $500 per person, or $1,000 per working family.]

i havent bothered looking this up
but if its eic
eic is not -free money-
its a partial return of regressive taxes (fica or set) already
collected

It's a fully refundable credit. Even if you owe no income tax. So while
he calls it an EIC, that's hardly what it is.


anybody who calls eic a give away is either a liar or stupid
or usually both

If you pay no tax and the government sends you a check, only a liar
would

if you have fica deducted from your salary
then you are already paying a tax


True. But that's a different issue. That could be solved by collecting
only the employer's share under some given income threshold. Leaving the
employee to keep his share of the tax when he needs it, every pay period.

I also have no problem with denying Soc. Sec. and Medicare to wealthy
people who can afford to live without it. Just so long as they have some
catastrophic coverage that prevents them from being wiped out.

--

Dan

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