Posts Tagged ‘marcy kaptur’


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.


Second Bill of Rights

October 28, 2008

Further to what Reagan21 wrote below; Soon, “rich” will be $90,000 and we can all be equal.  There is no way we can afford this Second Bill of Rights. Marcy Kaptur (D-OH), the woman who Joe the Plumber may run against, said this in Toledo, OH:

U.S. Rep. Marcy Kaptur (D. Toledo) whipped the crowd up before Mr. Obama took the stage yesterday telling them that America needed a Second Bill of Rights guaranteeing all Americans a job, health care, homes, an education, and a fair playing field for business and farmers.

1. GUARANTEED a job – this means either that the Government hires everyone into crap jobs or employers will be penalized for not hiring folk.

2. GUARANTEED health care – socialized medicine

3. GUARANTEED home – will break the bank

4. GUARANTEED education – this means college folks

5. GUARANTEED fair playing field – overegulation

Joe the Plumber better do his job in 2010 and get her out of office.