Why Would Obama Cut Your Taxes?

@gewcew23 (8007)
United States
October 19, 2008 10:50am CST
95% of Americans will see a tax cut. Everyone under 250K will see a tax cut. Every Obama supporter has made this argument why Obama should be President. Are not high taxes though a good thing. Bill Clinton raise taxes not only on the wealthy but so too on the middle class. We are all told by the same group that will be voting for Obama that this is proof that tax increases are good for the economy. So if tax increases across the board are good for the economy then Obama is the wrong candidate, unless now this group wants to admit that tax cuts are good for the economy. Currently 100% of all American are paying less taxes under the Bush administration than under Clinton, and under Obama according to him and his supporters 95% of all Americans will be paying even less. Using Clintonian logic this is a horrible idea, unless the Obama supporter know what we have all known, Obama has no plans on cutting any taxes.
5 people like this
14 responses
@spalladino (17891)
• United States
19 Oct 08
Bill Clinton was not faced with the same economic problems we're faced with today. The price of everything has risen drastically in the past year alone and the middle and lower income wage earners are hurting financially. Something has to be done now to stop the bleeding or our economy will never recover. When people cannot afford to spend, businesses lose money and people lose their jobs so giving tax breaks to those who are struggling will help the economy more than giving tax breaks to businesses who need the consumer more than the consumer needs them.
4 people like this
@piasabird (1737)
• United States
19 Oct 08
Well, that sounds good but who do you think the companies are going to pass the expense of higher taxes to? They will raise their prices to make up for the higher taxes they pay. And don't you think they will hire less people? And perhaps more companies will move their businesses to other countries.
2 people like this
• United States
19 Oct 08
People get all up in arms when someone says give a tax break to businesses. But they are only thinking of the very wealthy corporations. What you should be concerned with are the small businesses. Doctors, small law offices, plumbers, contractors, mom and pop shops, small town pizza parlors. These all bring in enough money to put them into Obama's "over $250,00", but they do NOT make enough to support higher taxes. Out of their $300,000 or so has to come payroll, payroll taxes, any medical or other benefits, social security taxes, etc. They are the ones McCain wants to protect, NOT Exxon.
1 person likes this
• United States
19 Oct 08
"What you should be concerned with are the small businesses. Doctors, small law offices, plumbers, contractors, mom and pop shops, small town pizza parlors. These all bring in enough money to put them into Obama's "over $250,00[0]" You are lying. Obama's statement that 98% of small businesses make less than $250,000, and therefore will not get any tax increases under his plan, has gotten the highest possible rating on the fact checker Politifact's "truth-o-meter", and this rating is corroborated by the Tax Policy Center: http://www.politifact.com/truth-o-meter/statements/809/ Good luck spinning that.
1 person likes this
• United States
19 Oct 08
The consequence of cutting 95% of people's taxes would be to accelerate the ongoing inflation. Any honest economist can attest to this. Every time when 0bama says this about cutting 95% of people's taxes, 0bama is proving he is either a fool or dishonest. Take your pick.
3 people like this
@piasabird (1737)
• United States
19 Oct 08
"0bama is proving he is either a fool or dishonest. Take your pick." Can I choose both a fool and dishonest?
4 people like this
• United States
19 Oct 08
I am always willing to be corrected when I make a mistake. In this case you're right that my giving the choice of fool or dishonest is a mistake. Both a fool and dishonest is possible as these two choices are not mutually exclusive.
2 people like this
• United States
19 Oct 08
So basically, some random guy on MyLot is declaring that the majority of economists are all dishonest, since most economists favor Obama's tax plan to McCain's. Stay humble. P.S. What do you think economists' opinions on the vanishing middle class are?
1 person likes this
@suspenseful (40193)
• Canada
20 Oct 08
Does not make sense to me. I think the Obama supporters are taken in by his charm and 'good look' and his charismatic personality and he can do no wrong. Why he could raise the taxes until everyone except for a few are poor, but they will still think he is the greatest. If you are paying less taxes under Bush, then with the economy being so bad, it should be kept that way. Raising taxes is not a good idea. Managing the money the government has already is.
@mommyboo (13174)
• United States
20 Oct 08
Absolutely. They have plenty of money going INTO the government, they have been mismanaging it and being irresponsible and wasting for YEARS. Believe me, (and I've said this before) if you have kids and your kids waste their allowances on crap, do you EVER consider just giving them more money to waste?? Of course you don't, you tell them that if they are going to waste it, they can wait till next week or find a way to earn it! This is what we need to do to the government. AT this point I do not feel they even DESERVE to have any taxes - they have been irresponsible for so long without any checks and balances. The programs we have in place already are broken down and overburdened and not working at all the way they were intended. There are many things that need to be fixed - but it's all in rearranging, supplying resources where they need to go, cutting out overhead, administrative crap, NOT WASTING, and proving responsibility with a little before being given ANY MORE.
• United States
19 Oct 08
I would have to say that people who vote for Obama have no idea what they are voting for. Not really. Some view it, if they would be honest which is a rare quality today...that they are voting for a black man. Others are voting for someone who is not McCain. Some people are voting for who their friends are voting for. I don't think I need to go on. You get the point. They don't vote on policies. They don't even know the man.
2 people like this
@piasabird (1737)
• United States
19 Oct 08
I know some people who vote Democrat just because their union tells them to. I know some people who vote Democrat because their father did. I know some people who still believe that the Dems are for the little people. Maybe a long time ago but I think they're out for themselves just like most politicians.
2 people like this
@piasabird (1737)
• United States
19 Oct 08
I know that I am at two stars because I speak out against Obama. That is just the way Obama supporters are, childish and vindictive. But why are you at two stars? Could it be your sarcasm?
3 people like this
• United States
19 Oct 08
Yeah, two books, two years of campaigning/vetting, dozens of debates and interviews...clearly, how could you expect ANYONE to know ANYTHING about this guy? Energy, economy, foreign policy--the three biggest issues to voters. In all three cases, the experts favor Obama over McCain. Keep living in your dream world.
3 people like this
@piasabird (1737)
• United States
19 Oct 08
All I know is that Clinton didn't keep any of his campaign promises. Whether Obama will do the same is for time to tell. I don't trust him but I am willing to give him a chance if he wins. That's all I can do. But I don't see how he is going to pay for all his socialist programs without raising all taxes. The rich will figure out how to avoid paying the higher taxes and it will be on our backs like usual.
3 people like this
@gewcew23 (8007)
• United States
19 Oct 08
I like what you said up above, the only Democrat President I can think of that cut taxes and also did it across the board was John F. Kennedy. JFK used supply side economics before it was cool. After JFK ever Democrat President has raised taxes, and Obama will not be any different. No where in Obama's record would back up the idea that Obama would cut taxes.
2 people like this
@mommyboo (13174)
• United States
20 Oct 08
I can't trust that any politician will ever keep ANY campaign promise. They do not make the promises with intent to keep them, they make them in order to garner support during campaigns. I hate to sound so cynical but it is a rarity for any of them to even TRY to keep one. I don't think they see more than the tip of the troubled iceberg before they are in office, so that's another problem that plagues them. Sometimes what they propose wouldn't be possible even if cows could fly. Most average citizens - even ones who are educated and read up on a lot of things don't always know if they are being fed a line either. There is so much conflicting information on thousands of sites not to mention the news channels.
@4magoo (396)
19 Oct 08
Are we ever planning on paying for all the debt Bush and the Republican's ran up by starting a war and then not paying for it but giving everyone a tax cut with the biggest cut going to the richest? I am not for increasing taxes, no one wants to pay taxes. On the other hand sometime or other we need to pay for the debt and balance the budget. If we have to pay for it (which we do) why are we not going remove Bush's tax cut to the rich and let them help pay a bit for all of this.
3 people like this
• United States
19 Oct 08
Yes, McCain has said he WILL balance the budget by the end of his first term. He has the record and the history to really do this. The only thing I see stopping him would be a Democratic congress. Give him a chance, and HE WILL DO IT! That has been his mantra forever, and HE actually has the voting record to PROVE IT!
1 person likes this
• United States
19 Oct 08
"McCain has said he WILL balance the budget by the end of his first term." Problem is, the numbers in his plans don't add up. He pretends that cutting earmark spending and/or freezing spending will do the job, when in fact earmarks compose less than 1% of the federal budget, and all freezing budgets will do is make sure we don't spend any more than we already are...and with the 'already are' amount, we're in a DEFECIT, so how is he not setting himself up for more defecits with this non-plan? It's obvious this message is intended for the lowest of low-information voters.
1 person likes this
@spoiled311 (5500)
• Philippines
20 Oct 08
i don't know about cutting taxes, because in the united states, taxes really work for the good of the country and the people. here in our country, it is dismaying to pay taxes. most of what we pay just goes to the already fat bank accounts of our politicians... but on the other hand, i think it is also wise to cut the percentage of taxes for people's incomes below a bracket. i think that makes sense. i believe that the poor people of a country should not be coerced to pay much--but they still have to pay. oh well, i hope it works well for you americans. what happens in your country affects the rest of the world, especially our country. good day and God bless you!
1 person likes this
@DavidReedy (2378)
• United States
20 Oct 08
I'm chuckling as I see how many are still suckered by that false left-right paradigm. Obama's not going to end any wars, btw--in his own words he wants to beef up the troops in Iraq and Afghanistan and has even suggested we invade Pakistan. His closest advisor, a man named Brzezinsky wrote a book called "The Grand Chessboard" and it might as well be the disastrous map to what the Bush administration has been doing. The fact is, Obama, like his false opponent, McCain, are just liars and puppets. High taxes a "good thing"? You said... I wonder how you figure that. The point is, he's going to have to raise the cr4p out of taxes to pay for his many socialistic ideas--but not to worry, though--the globalization/New World Order is almost here, and at that point we won't have to worry about American freedom or economics or political policy... David A. Reedy...
@kingcrapper (1536)
• United States
20 Oct 08
To me the idea of paying taxes is a natural thing. Some people tax the rich, others tax everyone. Here are my thoughts: the idea of taxing the rich, to me, is stupid. Who are the ones who most likely use their cash to buy more goods and services or even start companies to generate jobs. I am a middle class person, but I know some rich people and the reason they are rich is because they asked question and used their time wisely and are now employing other people which is helping our communities. How many people on welfare do you know generate income for the rest of the community or created jobs for other people? So, logically, we should all work on becoming rich so we can help others do the same!
@ClarusVisum (2163)
• United States
19 Oct 08
"Obama has no plans on cutting any taxes." McCain has no plans on cutting any taxes. See? I can make stuff up too.
2 people like this
@piasabird (1737)
• United States
19 Oct 08
When was the last time a Democrat cut taxes?
2 people like this
• United States
19 Oct 08
Was it not Obama who said 95% of Americans will see their taxes to be about the same as under Reagan? AND he said 95% will not see a tax increase. Now, were taxes on the middle class higher under Reagan than they are NOW? No one is making stuff up -- save Obama.
• United States
19 Oct 08
"Was it not Obama who said 95% of Americans will see their taxes to be about the same as under Reagan?" Uh, no. "The typical middle class family will receive well over $1,000 in tax relief under the Obama plan, and will pay tax rates that are 20% lower than they faced under President Reagan. According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle class families as the McCain plan." "No one is making stuff up" You are.
1 person likes this
@midautumn (219)
• China
20 Oct 08
anyhow,i don't know.it seems there is less relevant with me
1 person likes this
@mommyboo (13174)
• United States
20 Oct 08
I am not really an obama supporter (not getting into that) but I believe lowered taxes IS a good thing. Using 'clintonian' logic is silly, not only is that in the past but do you not realize that ALL politicians lie in order to gain votes and support? I've no idea whether there will be tax breaks or not. Everything I know so far leads me to believe there is no guarantee because the only truth is that politicians lie lol. You also have to look at how badly the government manages taxes. They are very very poor at effectively using resources correctly, benefitting the most for the smallest cost. Right now they benefit a few and waste much. I know I would like to HAVE to give them less and then they could be misusing less and then it would hurt me less in the long run.
1 person likes this
@syankee525 (6261)
• United States
20 Oct 08
so the rich people stop getting rich off us poor people. they need to tx the rich and not the poor. the big rich people live well as people like me trying to figure how to buy food, gas. make it day to day.
1 person likes this
• Philippines
20 Oct 08
I would prefer Mc Cain because the idea of tax credit is possible. most specially in mmy country. Maybe he should find a better way to promote. I don't Obama is experienced in this issue.
1 person likes this