Thursday, February 19, 2009
It's NOT A Tax Cut!
"Apparently the Obama Administration is not happy about how a major portion of their economic stimulus package is being covered. The Atlantic reports that the White House has been pointing out to journalists that President Barack Obama signed "one of the largest tax cuts in history." But just because the Obama Administration calls something a tax cut, doesn't make it so. More than a third of Obama's "Making Work Pay" tax plan goes to people who do not pay income taxes. That makes it a welfare income redistribution plan, not a tax cut. That is why, after President Obama told House Republicans he would not compromise in any way on his tax plan, he lost the entire caucus." (Heritage Foundation) Of course, he’ll blame it on Republicans when his “stimulus package” doesn’t “stimulate” anything and, in fact, makes things worse. (Just common sense)
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