Cutting Taxes For People Who Don’t Pay Taxes
Do you really want to know how Barack Obama is going to cut taxes on 95% of Americans when 45% of these Americans don’t pay income taxes in the first place? You should already know the answer to this question … but if you’ve been listening to too much sports talk radio, here you go. It’s very simple. Obama will just pass a series of new tax credits for the Americans. Tax credits — sounds pretty good, doesn’t it? Those tax credits will lower taxes for just about everyone! Well … there are a few things you need to know about these so-called credits.
First … these tax credits will not be available to the evil high income earners who we rely on to create the new jobs that will help our economy grow. The tax credits are only for people who might be likely to vote democrat.
Secondly … they’re not just tax credits, they’re “refundable” tax credits. In other words, they’re a fraud. As we know, about 45% of Americans don’t pay income taxes. A tax credit is not useful to someone who owes no income taxes … unless, that is, it is a “refundable” credit. Now what does that mean? It means that if you do not make enough to pay income taxes, the government will simply write you a check equal to the amount of the credit you can’t use! Do you know what we used to call this? Welfare, that’s what. Barack Obama’s promise of a tax cut for 95% of Americans is really nothing less than a promise of a new welfare income redistribution program. Doesn’t make sense or sound fair does it? Can anyone say “buying votes”?
