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Location: Pantego, Texas, United States

Tuesday, August 26, 2008

Barack Obama says he is going to cut income taxes for 95% of people. That seems to me to be a curious statement since the George Bush tax cuts took almost half the the workers of America off of the income tax rolls. So, how do you cut income taxes for people who do not pay income tax? Apparently by making a payment to people who do not make enough money to be required to pay income tax. That appears to me to be a type of welfare payment rather than a tax cut. Obama says he will get the money for this enterprise by increasing taxes on the wealthy. This sounds like a Robin Hood "rob the rich to pay the poor" plan rather than a tax plan.

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