“I’m Going to Tax You Bastards Back to the Stone Age.”
October 29th, 2008 - 7:28 am
Obama’s tax policies – not as bad as some say. But still plenty bad enough:
These tax increases are not as bad as some Obama statements during the Democratic primaries suggested they would be, and they fall well short of what some of his conservative critics claim. For example, Obama does not propose to tax dividends at 40 percent or to impose the full 12.4 percent Social Security tax on high earners.
His real proposals, however, would still be plenty damaging.
Read the rest here.
Tax policies, to paraphrase the elder Bush, are things you say to get elected. They are not indicative of the things you’ll do once elected.
If you want to get an idea of a politician’s future tax policies, you have to take into account their future spending policies.