According to an article from the Wall Street Journal online, Senator Obama's tax cut plan is nothing more than an illusion. By changing tax definitions, he is able to come out looking like a tax cutter instead of a welfare state enabler (which his tax plan really is).
Under the Obama plan, government tax expenditures will increase year over year. That is money going out from the government! Will the government have enough revenues coming in to cover this?
Another concerning and contradictory part of the Obama plan is some families (with an income of $40,000) can lose approximately .40 cents for every dollar extra they earn through overtime pay. So if they earn $100 in overtime, they only pocket $60 - how is that a tax cut?
We really don't need this type of a tax cut - even if Joe Biden says it's patriotic to pay taxes!
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