Wednesday, October 15, 2008
When is a tax cut not a tax cut?
Both candidates are proposing tax cuts. Fine. However, there's one little detail with the definition of a tax cut. A tax cut is a decrease on the amount of taxes paid to the tax man, correct? So why is it that Obama is proposing tax rebates for those folks on the bottom of the pile who don't pay taxes? How can you get a rebate or tax cut on something that you didn't pay in the first place??
Now, I'm pretty good with logic, and this isn't a tax cut. Its redistributing wealth.
But then again, Obama said plain and clear that this is exactly what he plans to do. "I think when you spread the wealth around, it's good for everybody."
Ok folks - pony up your checkbook and write those checks!