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For years some have repeated the lie that the Bush tax cuts were only for the rich, when they were cuts across the board. As a result of these cuts at all levels, there are now about 40% of America's people who file returns, but pay no income tax. None. The lie will remain a lie, regardless of how often repeated. Now Obama claims that he will cut income taxes for 95% of Americans. This is Orwellian calling things what they are not. Lincoln once asked, "If you call a tail a leg, how many legs does a sheep have?" The answer is four. "You can call a tail a leg, but that doesn't make it one." When 40% pay no income tax, you cannot give 95% a tax cut. Personally, I would call that a lie. What he is proposing is to give that 40% a check. That is not a tax cut, nor is it a tax credit. That's "welfare," or a "subsidy," or more precisely, it is what the great advocate for liberty, Frederic Bastiat, called "legal plunder." (Frederic Bastiat, 1801-1850, French statesman, author of The Law, What Is Seen and What Is Not Seen, etc.) Now under Obama's plan, who gets a tax increase? We don't know. The figures keep changing. First he said those who make over $300,000 per year. Then he changed it to $250,000. Then he said, $200,000. Then Biden said, $150,000. The figure is dropping--rapidly. To pay for all the new spending that he wants, either the figure will have to drop a lot lower, or he will pay for it with massive deficit spending with new money. Then we will all suffer, paying for his programs by extreme inflation, loss of jobs, and a sinking economy. Jefferson warned about those who would ""purchase the voices of the people, and make them pay the price."
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