I just watched, on Jill Claman’s Fox Business News show, Obama’s economist Austan Goolsbee do again what I’ve seen a dozen of O’s people do exactly similarly: totally lie about their tax plan. It’s always the same two things, a false statement of who will pay, and a false statement about how much they’ll pay. IOW, the two fundamentals, who and how much, they lie about. So i wrote Ms. Claman –I’ll just paste it:
—– Original Message —–
From: buddy larsen
To: feedback@foxbusiness.com
Sent: Tuesday, August 26, 2008 4:14 PM
Subject: Hi, Ms Claman, re your interview w/ Austan Goolsbee
Hi Ms. Claman,
Just now watched your interview with Obama’s tax expert Austan Goolsbee, and wanted to mention that the $250k he kept implying is an individual threshold for various hefty tax increases, is in the actual Obama plan as a “family” limit –meaning $250k by both earners, if both spouses have paid jobs.
He even embroidered, smiling “not very many people make over that” or somesuch.
Grrrrr…..No, but many many COUPLEs do. Big, big difference –which I would not be making this effort to correct, except that the Obama team is doing exactly the same thing everywhere, clearly conspiring to fool us rubes who never get the wise-up.
Further, his statement –oft repeated –that the plan is a “net tax cut” is another howling fibberooski. The plan has a trick where direct payments to favored individuals (in return for certain approved behaviors) are run through IRS rather than HHS, and called a “refundable tax credit”.
What this means is, these payments get subtracted from IRS receipts.
This is how the plan can be sold as a “net tax cut”.
Nothing could be further from the truth.
The ”credits” are paid by the government.
The money will be collected by taxation.
So, new taxes, only juggled off the plan (tho as Enron learned, impossible to juggle off the actual ledger).
Grrrrrr….it ain’t the $ so much as the deceit!
Anyhoo, here’s a WSJ quickie on it, from August 19, by Peter Farrara:
http://online.wsj.com/article_print/SB121910303529751345.html
Thanks!
buddy larsen
