Obama's Tax "Cut" Keeps Taxes Exactly the Same?

I just assumed that Obama's tax plan allowed an actual (if small) $500 to $1000 tax "cut" to most families. 

I also assumed, based on Obama's expansive plans to spend billions upon billions trying to "spread the wealth around," that any Obama tax cut would be short-lived and that the $500 "cut" is just a teaser to hide the real truth about what an Obama presidency would mean.

But if this is true, Obama's so-called "tax cut" for most families -- much touted in some of his web ads today and at his website "tax calculator" -- is not even a small cut.  It is simply a plan to maintain the $1000 per child Bush tax credits when they would automatically expire and drop back to $500 per child in 2010. 

I probably should have known that, but I don't spend a lot of time poring over Obama's silly proposals.

In other words, Obama's tax cut "plan" is just to wait two years and then continue doing exactly what we're already doing.

Woo-hoo!  Can't you feel the $500 in your pocket already? 

If you can't, then you won't feel it there under Obama's plan either, because his "plan' is to just keep on doing the same thing we're doing right now.

Obama's tax plan consists of a continuation of a good idea George W. Bush had, without giving Bush the credit.

Obama should be ashamed of himself.  Not for following George Bush without giving him the credit, but for attempting to mislead the American public with his phony tax calculator.

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Update:  Thanks to Dan Oblak, here's a link to a terrific chart that compares tax rates under Bush and Clinton.  And here's How Taxes Work -- Or, 'How to Pay for Beer'.  Great reading.  Dan's website is MacBigot Cached Glances.  Thanks, Dan.

Comments

[Dan Oblak - MacBigot.com]

I have a relevant graphic up from an old article, which links to http://www.taxfoundation.org/publications/show/151.html (where the data comes from -- the original h/t for the comparison should go to someone else's blog I read in May, but unfortunately can't remember at the moment...). Here is the image:

http://macbigot.com/media/BushReducedTaxesForRich530x273.png

Share, as they like to say, 'liberally'! -Dan

[Dan Oblak - MacBigot.com]

Oh, and I should have included this informative & instructive piece that arrived by viral mail (ewww...): "How Taxes Work — or, 'How to Pay for Beer'" [http://macbigot.com/?p=1270 ]

Even Liberals can't righteously claim ignorance about wealth redistribution when it's laid out this plainly. They can't ALL actually believe the ridiculous ideas they are spewing; so some of them are obviously lying their butts off for personal gain (power, wealth, appeasement, guilt, etc.).