[color="Blue"]October 28, 2008
Obama Would Raise Taxes Starting at $6,100

by James Buchanan

Over the last several weeks, we’ve all seen the Obama commercials claiming that he would cut taxes for 95 percent of Americans. There’s just one little problem with that. He’s lying. What Obama fails to mention is that he plans to allow the Bush tax cuts to expire. This would RAISE taxes on people earning as little as $6,100. All income earned above $28,400 would be taxed at a rate two percent higher than the current tax system.

The website Yahoo answers notes:

Question:

“Will Obama repeal Bush’s tax cuts?
If so then how does he claim 95% will get a tax cut by him?

Answer:

He will let them expire effective January 1, 2011, making his claim to lower taxes for 95% a total fabrication.”
Funny how this has gotten virtually no mention on the mainstream media. A few right wing talk show hosts have mentioned this, but it’s not getting nearly the attention it deserves.
Raising taxes on people in the middle class and even the “working poor” class will be quite a shock to many Americans, who took Obama at his word, but it shouldn’t be. The Democrats ALWAYS stand for higher taxes on working people. The Democrat Party considers life-long welfare recipients and illegal aliens valuable Americans and the future of the Democrat Party.
Obama has announced that he wants to give tax breaks to people who aren’t paying taxes. Technically, these would really be “hand outs” or welfare or “spreading the wealth around.” How will Obama do this? He will simply jack up the taxes on people making over $250k to create hand outs for people, who don’t pay taxes.
Being a Socialist, Obama doesn’t seem to realize that people making over $250k tend to be business owners. The more they’re taxed, the less they work. If the government takes away too much profit, the business owners may just close down the business completely, retire and lay off all the employees. Barack Obama has never run a business so he doesn’t understand any of this.

continued at:

http://www.whitecivilrights.com/