Posts Tagged ‘latent patriot theory’

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More on the New Definition of “Rich” – 150,000 and Working its Way Down

October 29, 2008

Carl Campanile and Brendan Scott in the NYP deliver more to us on the Biden and his bout of latent patriotism revealing the truth (finally!) about their tax plan and who is considered rich in America. By next Tuesday, the tax hikes could be as inclusive as Bush’s tax cuts

Gaffe-prone Joe Biden put his foot in his mouth again yesterday, mistakenly excluding millions of Americans from his running mate’s tax-cut proposal.

The Delaware senator’s latest blunder came while discussing Republican tax policies during a television interview in his hometown of Scranton, Pa. 

“What we’re saying is, that $87 billion tax break doesn’t need to go to people making an average of $1.4 million,” Biden said.

“It should go to middle-class people, people who make $150,000 a year.”

Actually, Barack Obama has promised to cut taxes on households earning less than $200,000 a year while raising taxes on those who make more than $250,000 annually.

John McCain quickly cashed in on the slip.

During a rally in Hershey, Pa., McCain told supporters the gaffe revealed the Democrats’ true tax-and-spend intentions.

“It’s interesting how their definition of ‘rich’ has a way of creeping down,” McCain said.

“Senator Obama has made a lot of promises. First, he said people making less than $250,000 would benefit from his plan.

“Then, this weekend, he announced in an ad that if you’re a family making less than $200,000 you’ll benefit – but yesterday right here in Pennsylvania, Senator Biden said tax relief should only go to ‘middle-class people’ – people making under $150,000 a year.

“At this rate, it won’t be long before Senator Obama is right back to his vote that Americans making just $42,000 a year should get a tax increase.

“We can’t let that happen,” McCain added.

The Republican nominee has pounded Obama on taxes recently as economic woes have come to dominate the political debate.

Biden’s tax faux pas provided a new distraction for Obama as he tried to focus on broad, uplifting themes, like “change” and “hope,” in the final week of swing-state stumping.

Obama campaign spokesman Tommy Vietor issued a statement that corrected the vice-presidential candidate without explicitly saying so.

“No family making less than $250,000 will see their tax increases one cent,” Vietor said. “And if your family makes less than $200,000 – as 95 percent of workers and their families do – you’ll get a tax cut.”

Vietor went on to call McCain’s attack on Biden “desperate.”

“Maybe the McCain campaign keeps lying about Obama’s tax plan because with seven days left in this election, voters are rejecting McCain’s plan to give billions more in tax giveaways to big corporations and the wealthiest Americans,” he said.

Also during the stop in Hershey, McCain took a moment to shrug off reports of discord between his campaign staff and his running mate, Sarah Palin.

“By the way, when two mavericks join up, we don’t agree on everything,” McCain said. “But that’s a lot of fun! It’s wonderful to fool the pundits.”

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Who is Going to Pay for New Deal Deuce

October 29, 2008

The WSJ editorial staff knows.

Well, will families making less than $250,000 get a tax cut under President Obama, or not? Senator Obama has been saying this for months, but on Monday Joe Biden put the tax-cut income threshold at $150,000 in an interview with a TV station in his beloved Scranton, Pennsylvania. The Biden campaign later clarified — or at least tried to clarify — the matter by saying that anyone making between $150,000 and $250,000 wouldn’t get a tax cut but also wouldn’t pay higher taxes.

We suspect what’s going on here is more than Mr. Biden’s normal gift of gaffe. As with his admission that a President Obama would quickly be tested by our enemies, the Delaware rambler was stumbling into the truth. An Obama Administration couldn’t possibly pay for a tax cut for 95% of Americans by raising taxes on a mere 5%. Those 5% don’t make enough money, or at least they won’t after they find ways to shelter more of their income when their tax rates rise.

Just as Bill Clinton promised a “middle-class tax cut” in 1992 only to raise taxes on the middle class in 1993, Mr. Obama will quickly find that his tax-revenue math doesn’t add up. Add in the demands on Capitol Hill to spend more and to offset the Alternative Minimum Tax, and our bet is that even $150,000 would soon prove to be a moving tax target. Remember when the AMT was only supposed to hit 21 millionaires? Next year, without relief, it could hit 26 million taxpayers. Tax increases always hit the middle class because that’s where the money is.

If the new new deal and the second bill of rights comes to pass, we can all expect our taxes raised. There is no way to ensure that everyone has an income, everyone has health care, everyone has a house and that all businesses are regulated without a lot of money being poured into the system.  Imagine something like 10 Iraq wars with no end in sight.

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Rich is no longer 250,000, but now 150,000

October 28, 2008

So says Joe the hair plugger:

So, if you now make 150,000 dollars, that is the threshold for your taxes to go up.  Perhaps this is another example of Latent Patriot Theory. Joe Biden has gotten a chance to get to know Obama and he is trying to save us.

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Latent Patriot Theory

October 28, 2008

Dear Friends,

We are to believe that both seasoned politicians Joe Biden and John Murtha are gaffe-tastic by what they have recently said. See below

Have these idiots seriously made this many mistakes in the past week as SNL puts it. I call this “latent patriot theory.” Whether or not they know it or not, Biden and Murtha want McCain to win. They love this country and don’t want it to become a socialist country. For your latent patriotism, we salute you!