Sunday, November 2, 2008

Tax cuts for income below $250,000

(and he'll take Federal Matching Funds and other lies)

Obama has assured us that those making under $250,000 will not see a tax increase. That was before he changed it to $200,000. Biden said $150,000 and Bill Richardson said $125,000. The elusive 'no tax' income level keeps dropping.

It reminded me of a funny scene from the Burt Reynolds' comedy, 'The End.' Burt Reynolds decided to kill himself by swimming so far out into the ocean, he would be too tired to return. After reaching this point, he decides that he wants to live. He promises God half of his income if God will help him make it back to the beach. As he nears the beach, the amount he is promising to God keeps dwindling. As he climbs onto the beach, he looks to heaven and says, "and I won't forget about that 5% that I promised you, Lord."

As Obama gets nearer to his historic victory - overconfident, no, downright cocky...he is already backing off his pledge for the $250,000 and below tax cut. He has to. He has no way to fund his socialist agenda except by taxing basically everyone who pays taxes today. He will do what Bill Clinton did when he backed away from his middle class tax hike and say "I didn't know things were as bad as they were."

In addition to the tax revenues, federal budget and social security being available to anyone as public information, every economist that has studied his plans say that it is unachievable without an across the board tax hike. He knows, just as he knows that he never intended to take public financing.

Which brings to mind another Burt Reynolds' movie...Bandit !!

Submitted by D. B. Jackson

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