Those whose arguments are empty of fact are usually full of shit. --David Porter
Get it out there. Call, write, talk, inform.

Tuesday, October 28, 2008

Obama's "Socialist" Plan Same as Clinton's

Republican presidents Teddy Roosevelt and Ronald Reagan were huge supporters of what McCain has called "income redistribution."

Roosevelt was one of the greatest advocates of progressive taxation in the years immediately preceding the enactment of the current income tax.

Reagan was responsible for enacting the Earned Income Tax Credit, an extremely successful redistribution program which returns money to the working poor.

Obama is going to REDUCE the taxes of 95 percent of Americans by taxing only the wealthiest 5 percent of Americans at the same rate they paid under President Clinton, when we saw the greatest economic expansion in U.S. history.

Right now the Bush tax breaks are a virtual lottery for the wealthiest 5 percent of Americans. They have enjoyed huge rebates and tax loopholes for years, Obama simply, and justly, wants to instead give the those tax breaks to people who earn less than $250,000. So again, if you make LESS THAN $250,000 Obama will give you a tax break.
If you make more than $250,000 you will pay the same tax rate that was in effect under Clinton.

So tell me why Obama's tax plan is bad. Tell me how this is even remotely socialist.

FYI, Roosevelt was the first U.S. president to call for universal health care and national health insurance.

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