Wednesday, October 29, 2008

Obama-nonics

Confused about whether or not Obama's tax plan will benefit you or not? Well, you're not alone. His own running mate must be as well. In a campaign speech in Pennsylvania yesterday, Joe Biden made the statement that their promised tax break to the middle class will benefit those who make less than $150,000 a year.
"What we're saying is, that $87 billion tax break doesn't need to go to people making an average of $1.4 million," Biden said. "It should go to middle-class people, people who make $150,000 a year."
Obama originally claimed his tax cuts will benefit those under $250,000, and then he changed it to those under $200,000. Seems the line between rich and poor keeps creeping downward. At this rate, those who make over $50,000 may be considered "rich" and may have all their "wealth" redistributed to those less fortunate.

Sure, his proposed tax plan does have to get passed by Congress first. But with the Dems having control of Congress, it might just be a rubber-stamp away from fruition.

Unfortunately, the McCain campaign is so dysfunctional right now and can't seem to get out of their own way. I have no confidence they will be able to capitalize on this new definition of "rich" enough to make a difference next Tuesday.

Be scared America...be very scared.

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