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As of 12-31-08
Under the tax plans of Barack Obama and his Democratic friends in Congress, American families will only be left with… the change in their pockets, according to the folks at the new “527″ organization known as Right Change.
In a news release issued today, the tax reform organization describes “an idea” Obama and the Democratic Congress have for a bill:
“Well, really, it’s a lot of bills that will be paid for by nearly every American in the form of higher taxes and higher costs for food, energy and other products.
“So if you have a retirement account, work in or shop at a small business, are close or in retirement, or even flip on a light switch, then there are a few things that you should consider.
“Under that plan:
- Small main street businesses would be forced to pay tax rates as high as 62.3% under Senator Obama’s tax proposals.1
- Senator Obama’s tax plan would tax small businesses at a higher rate than Wal-Mart!2
- Taxes on retirement income and savings could increase by at least 33%, hitting millions of seniors when they need these resources the most.3
- 4 million workers over the age of 50 – those eagerly looking forward to retirement – would be hit with increased tax bills. 4
- Millions of Americans would only keep 38 cents of every dollar that they earn.5
- Senator Obama’s tax plan would reduce the after tax wages of millions of workers by 17.7%.6
- It will take 227 days per year, nearly 8 months, just to pay your tax bill!7
- 97,065 carpenters, 110,908 police officers, 254,992 nurses, 208,562 post-secondary teachers and 237,000 dentists would see tax increases, if the earnings cap was successfully eliminated.8
- 10.3 million workers would see an average of $5,650 taken from their paycheck and given to government programs.9
- Even YOU might be considered ‘Rich.’”
Click here for citations or click here to watch the group’s new television ad.
6 responses so far ↓
1 Debbie Shaffer // Sep 16, 2008 at 3:59 pm
Awesome article. Thanks for the information. McCain-Palin need to repeat #5 every time they speak somewhere. Obama is so guilty and he lies about everything or tells half-truths.
2 Skunkfeathers // Sep 16, 2008 at 5:42 pm
Oblahblah is really counting on a dumbed-down electorate, to put over on them what he plans to put over on them.
Let the rational majority defeat this socialist cretin and the plans of Bill Ayers, George Soros, Moron. org, et al!
3 redhawk // Sep 18, 2008 at 8:43 am
Well the Kol aid bunch is trying to sell this Obfuscation by putting lipstick on it via the Obama erudition to make it look like atax cut.. to paraphrase the Benito Messiah..” you can put lipstick..” but still a card carrying Commie plan for the masses,, Once again the Donkey =wearing Lipstick underestimates the American People…We Do not walk in Lock Stem like they want>>>
4 hotoffthepress2 // Sep 18, 2008 at 8:55 am
redhawk — Lately, the Obama-Biden lackeys have been touting the talking point that says, “Ninety-five percent of Americans will pay lower taxes under Obama’s plan.” That, however, is patently untrue for one reason: Forty percent of Americans don’t even pay taxes, so that means that, at a maximum, 38 percent of Americans might pay lower taxes IF Obama’s plan works. And that’s a HUGE “if.”
5 Lies,lies&statistics // Oct 24, 2008 at 5:21 pm
How sad…delete posts that point out the lies in the article…..
What a sad day it is for America when the right wing have to manipulate the truth to try and win an election.
Sad indeed when the facts from a politically neutral website, that points out the lies and spin from both sides, finds itself being censored
6 hotoffthepress2 // Oct 24, 2008 at 5:32 pm
Lies — Your comment was longer than the frickin’ post. Brevity is the soul of wit, and you didn’t exhibit a lick of it.
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