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homestead - Re: [Homestead] Upcoming - under Dem/Obama reign - wsj

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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Upcoming - under Dem/Obama reign - wsj
  • Date: Tue, 28 Oct 2008 08:43:11 EDT



> >Why do people keep repeating this? Every independent fact-checker agrees
> that Obama's plan would reduce taxes for individuals making under
> $200,000 ($250,000 for families).

THey keep repeating it because the lie that keeps being repeated is that
every independent fact-checker agrees that Obama's plan would reduce taxes....

The numbers go something like this, while it is true that some 95% of all
small businesses gross less than $250,000 a year, those business altogether
employ less than 10% of all workers. More than 90% of the workers are
employed by
about 5% of business. That 5% of businesses face huge tax increases under
Obama and so will have to reduce the wages or fire many thousands of
empolyees,
the only way to make up for the increased tax burden.

Those 'fact-checkers' are suspect from the get go when Obama clearly promises
to reduce taxes for 95% of individuals when 40% of those individuals don't
pay any income tax to begin with. How is it he is going to reduce the taxes
for
95% of the people when only 60% of them pay any income tax at all?




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