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Obama's tax-cut threshold shrinking?: $250,000, $200,000, now $150,000
WorldNetDaily ^ | October 28, 2008 | Drew Zahn

Posted on 10/28/2008 1:22:20 PM PDT by MountainLoop

A new video advertisement released by the Obama campaign says the candidate's promised tax cuts are for citizens making less than $200,000 a year, not the widely reported figure of $250,000. Adding to the confusion, Obama's running mate, Joe Biden, said in an interview yesterday the cuts are for even fewer people, limited to incomes of $150,000 or less. Depending on the source of information, just who will have their taxes raised and who will have them cut under Obama's plan varies. The campaign's homepage, for example, accessed today, reads, "Obama said he wanted to give a tax break to all families making under $250,000 per year, which he said was 95 percent of American workers." Yet in the "Defining Moment" ad released on YouTube last week and viewable below, Obama says the tax cut "for 95 percent of working Americans" is only for those who make less than $200,000 per year.

(Excerpt) Read more at worldnetdaily.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 2008; antichrist; obama; socialism; taxcuts; taxes
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To: MountainLoop

Obama tax cuts? That’s a fantasy!

Obama and the democrats will first let the Bush tax cuts expire, which will result in a tax increase to everybody. Obama will then take the tax increases to send welfare checks to those that don’t pay taxes to begin with.

When is the last time that the tax and spend democrats actually cut taxes? When is the last time that the tax and spend democrats actually cut spending? When is the last time that Santa Klaus actually brought anyone any presents? When is the last time that the real tooth fairy actually left anyone a dollar under the mattress or pillow?

Other than going back almost 50 years to Kennedy, taxes have never actually been cut by any democrat except perhaps on the local level.

So then, why are people actually giving any kind of credibility at all to anything that a democrat by the name of Obama says in regards to cutting taxes?

The only reason for Obama and the democrats are proposing “tax cuts” or “spending cuts” is for the votes that those promises might bring them on Nov 4th. Obama’s history and the democratic party’s history should be enough to convince people that, if it’s not in their nature, it ain’t gonna happen and therefore, expecting tax cuts or spending cuts is equivalent to believing in Santa Klaus or the tooth-fairy.

Obama and the current leadership in the senate and in the house are big believers in lying to obtain their end results. That’s the communist way.

Once elected, they’ll activate the same old excuse and lie, the one that Bill Clinton also used, that, “because of unforeseen circumstances or conditions beyond our control”, “we cannot follow up on the previously promised tax cuts or spending cuts”.

The democrats and their leadership, including the president (when democrat), have always lied about tax cuts and spending cuts. Anybody believing any of their lies are just plain stupid or easily duped or brainless.


21 posted on 10/28/2008 1:42:14 PM PDT by adorno
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To: ladyvet

I know, they disgust me too. I own a business with my husband and we keep saying that there is no point to even have a business under Obama. Why should we work so hard for him to take it and pass it out to people who are lazy? He is also going to waste it on his big government programs.

What happened to the American Dream?


22 posted on 10/28/2008 1:43:10 PM PDT by Snappy1MarineMom (Don't Blame me I voted for Keys)
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To: chimera

Reminds me of when Dick Gephardt said in ‘99 that people making more than $75,000 a year were rich and needed to be taxed more.


23 posted on 10/28/2008 1:43:38 PM PDT by flair2000
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To: MountainLoop

What he isn’t telling the crowds is that $200,000 is in Mexican pesos, not US dollars.


24 posted on 10/28/2008 1:46:19 PM PDT by Verginius Rufus
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To: truthingod
Did I misspell 'programs'? Dear me, the spell checker missed that one.

*blush* How embarrassing!

25 posted on 10/28/2008 1:48:27 PM PDT by null and void (Socialism doesn't work because of people./People don't work because of socialism...)
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To: muawiyah
Folks from the doubling point on up will be taxed into penury, sent to camps, and turned into cheap, untanned leather sent to China to be turned into Gucci purses.

The ones with interesting tattoos will be particularly fashionable...

26 posted on 10/28/2008 1:50:19 PM PDT by null and void (Socialism doesn't work because of people./People don't work because of socialism...)
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To: Snappy1MarineMom

I know how you feel. I ran a small bus before I had kids. Became a stay at home mom. Now my last two are almost out of H.S. and I was planning on running one again. No way now, if these people get their way. Sigh....I guess I’ll take up knitting.


27 posted on 10/28/2008 1:50:19 PM PDT by ladyvet (WOLVERINES!!!!!)
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To: MountainLoop
Obama's tax-cut threshold shrinking?: $250,000, $200,000, now $150,000

Gee, looks just like my 401(k)!

28 posted on 10/28/2008 1:52:42 PM PDT by Yo-Yo
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To: null and void

no problem—this is supposed to be a little light forum, right?


29 posted on 10/28/2008 1:53:31 PM PDT by truthingod
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To: MountainLoop

NEXT STOP: $30,000.....


30 posted on 10/28/2008 1:54:20 PM PDT by AngelesCrestHighway
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To: MountainLoop

This is just like Animal Farm. “Two legs good, four legs better” changed to “Four legs good, two legs better” by the end of the book.


31 posted on 10/28/2008 1:55:32 PM PDT by Pearls Before Swine (Is /sarc really necessary?)
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To: Yo-Yo
Yeah. You DO know they are floating the "let's nationalize all the 401(k)s" trial balloon right now, don't you?

After all, since the private sector lost so much of the value of yours, its time to entrust it to the Government as they are only here to help you...

32 posted on 10/28/2008 1:57:44 PM PDT by null and void (Socialism doesn't work because of people./People don't work because of socialism...)
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To: ladyvet

Pretty sad huh? I thought 0bama was the candidate of hope?
He is killing the American Dream! LoL on the knitting.


33 posted on 10/28/2008 1:58:51 PM PDT by Snappy1MarineMom (Don't Blame me I voted for Keys)
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To: MountainLoop
"I know I know I campaigned for a middle class tax cut but Ive never worked so hard on something in my life ..." so I'm going to raise your taxes, and retroactively to boot. Sounds familiar?
34 posted on 10/28/2008 1:59:14 PM PDT by NonValueAdded (Colin, descending)
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To: MountainLoop

Isn’t anyone in the media thinking to themselves, “Hey, that’s applying to me!?! I’m not rich!”?


35 posted on 10/28/2008 1:59:14 PM PDT by autumnraine (Churchill: " we shall fight in the fields and in the streets, we shall never surrender")
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To: Snappy1MarineMom
keep talking Biden.

Initially, this was my thought too. However, having Biden say this to a very small crowd is cover after election day when the true threshhold is unveiled. When people squwack, he can say, "We told you before the election it was going to be $50K/$100K/$150K (pick one). Didn't you get the memo?"

I think this is planned.

36 posted on 10/28/2008 1:59:15 PM PDT by mlocher (USA is a sovereign nation)
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To: mlocher

I am getting that same feeling on this issue. I think it’s planned too. We know the truth and that’s why we are so mad. We aren’t gullible like the other side is.


37 posted on 10/28/2008 2:04:14 PM PDT by Snappy1MarineMom (Don't Blame me I voted for Keys)
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To: adorno
You're mostly right. Obama will not be able to wait for the Bush tax cuts to expire, he'll have to end them immediately and enact his tax increases across the board. He can't wait until 2011 for the Bush cuts to expire, he has reparations to dole out. In case you missed his 2001 audio tape, he's not talking about spreading the wealth to poor people, he's specifically talking about reparations. As if we haven't already been paying since 1964. I guess he's in a hurry now.
38 posted on 10/28/2008 2:07:19 PM PDT by bitterohiogunclinger (Never argue with an idiot, they always wear you down and beat you with experience)
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To: bamahead

In the Dem’s tax plan this year it was $42,000.


39 posted on 10/28/2008 2:12:05 PM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: MAexile
And to $25K by January.

Doubt it. Obama wants just over half of the voters off the tax rolls and on the welfare rolls (though they won't be called welfare rolls). It's all about control.

40 posted on 10/28/2008 2:14:09 PM PDT by Entrepreneur (The environmental movement is filled with watermelons - green on the outside, red on the inside)
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