Thursday, October 23, 2008

How does one get a tax cut if they don't pay federal income taxes?


Obama and his surrogates keep talking about a "middle class tax cut for 95% of Americans" but how does one give a tax cut to 40% of Americans that pay no federal income tax?

The Secret of Obama's Middle Class Tax Cuts?
A young man from the Obama Campaign explained it.

  • "...Obama would reach the 95% figure by initiating taxes on the 40% who don't pay taxes now, so that he could later give them their promised tax break."

I am sooo confused ? Obama wants to tax lower income Americans to provide a middle class tax cut, in order to provide lower income Americans that pay no federal income tax now, their promised federal tax relief later ?

I don't get it ?

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