October 31, 2008

The Obama-Biden sliding definition of "middle-class"

First it was those making under $250,000 that would get a tax cut.
Then it was those making under $200,000 that would get a tax cut.
Then it was those making under $150,000 that would get a tax cut.
Today it's those making under $120,000 that would get a tax cut.

Follow the sliding scale ... if you can.

Mark my words: It'll drop further than that if Obama-Biden are elected.

UPDATE: Hilarious video illustrating the "sliding scale."

Posted by Hube at October 31, 2008 03:40 PM | TrackBack

Comments  (We reserve the right to edit and/or delete any comments. If your comment is blocked or won't post, e-mail us and we'll post it for you.)

Gee, golly gee beaver...go figure.
All you have to do is know your history...the democratic party doesn't know what a tax cut is... and with all of obama's promises to everyone, it spells two words- Tax increases!

Posted by: cardinals fan at October 31, 2008 06:57 PM

Indeed, some confusion here!

We need to hold Obama himself to his stated goal, which is that anyone whose income is less than $250,000 would not get a tax increase, and those under $200,000 would get a tax cut, including Joe the Plumber!

According to Obama, this then would give a tax cut to 95% of the taxpayers. That presumably includes Hube, GRex, Rhymes, and the others on this blog.

In effect, Obama's total tax policy will come near to restoring the Clinton policy which produced the growth in the economy of the '90's which produced a budget surplus. What ever happened to those halcyon days?

Posted by: Perry at October 31, 2008 08:11 PM

Earth to Perry: The growth in the 90s was due to a "little" thing called the Dot-Com boom. Y'know, the Internet which Al Gore invented ...?

Posted by: Hube at October 31, 2008 08:28 PM

Perry, let me make a bold and shocking statement: I don't need an income tax cut, or a stimulus check or any other bribe from either of the two Presidential candidates. What I do need is an assurance that the government isn't going to make it harder for the company I work for to maintain its profitability without slashing payroll and benefits. I'm not expecting to ever receive anything from Social Security, so I have a Roth IRA, a 401K, and other investments to provide for my retirement, and I'd like an assurance that capital gains rates and corporate tax rates won't destroy the value of those assets.

Posted by: G Rex at November 1, 2008 11:11 AM

Kids, The Bush Tax cuts end in 2010. Contrary to the lies of the left, the Bush Tax cuts were across the board reduction in tax rates.

In 2010 everyone's taxes will go up. The lowest rate will go from 15% to 17%, the top rate will go from 36% to 39%.

Obama (if elected) will claim he didn't raise your taxes... it must be Bush's fault

Posted by: anoni at November 1, 2008 11:42 AM

Oops, forgot to add this: my brother-in-law works for DNREC, and was informed a week ago that the state would no longer match contributions to his 401K. How's that for a kick in the nuts? What's truly frustrating is that this is the best time to fund your 401K, while the market is down.

Posted by: G Rex at November 1, 2008 01:13 PM