Editor, Daily Nexus,
While Jeremy Simer (“McCain Slices The Truth When It Comes to Tax Cuts,” Daily Nexus, Oct. 29) may be correct in pointing out that the farmer earning $47,000 a year will not have his taxes raised under Obama, the farmer is not so far from the truth when it comes to Obama’s intention to “spread the wealth.”
Obama’s economic policy supposedly cuts taxes for 95 percent of working Americans, but there is a problem with this rhetoric. Close to 40 percent of Americans do not pay income taxes, yet would still be eligible for Obama’s refundable tax credits. Simply put, tax-paying Americans would be funding the tax cuts for those who did not put anything into the system. In the old days, a Democrat would call this what it is: income redistribution, or, more mildly, welfare. But calling it a “tax cut” is one of the big lies of the Obama campaign, and somebody should be calling him on it.
I’ll admit I don’t know all the specifics of Obama’s tax plan (I will have to look this up later), but why do I get the feeling that the rebate would only apply to those who actually PAY THEIR TAXES? Moreover, given how hard things are getting for America as a whole, why should everyone suffer if a few people manipulate the system to their benefit?
Beside, under the Obama plan the majority of taxes will be coming from individuals who can easily afford to part with said funds.