Undecideds: Obama's Three Big Tax Lies

Discussion in 'Congress' started by The Paperboy, Oct 30, 2008.

  1. The Paperboy
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    The Paperboy Times Square

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    What Obama says:

    No one making under $200,000 (or $150,000 if you listen to Biden) will have a tax increase.

    Lie #1

    What Obama doesn't tell you is that he and the Democratically controlled Congress will allow the Bush tax cuts to expire in the year 2010 which means everyone who pays taxes will have an increase in their taxes.

    Lie #2

    What Obama doesn't tell you is that 40% of tax filers pay zero Federal Income Tax. You can't cut their Federal Income taxes because they do not pay any. They instead will receive a check courtesy of you and me.

    This is called W-E-L-F-A-R-E.

    Lie #3

    Obama has promised to increase spending on various programs by one trillion dollars. What he doesn't tell you is that he cannot afford to pay for them simply by the tax increases he proposes on people making over $200,000.00 ($150,000 if you listen to Biden). So he will either have to break promises on programs or raise taxes on a whole lot more people.
     
    Last edited: Oct 30, 2008
  2. DavidS
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    DavidS Anti-Tea Party Member

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    Maybe you could use Obama's welfare to get a place of your own and get out of your parents' garage.
     
  3. Razalas
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    Razalas Rookie

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    :eusa_shhh:

    More Obama reality checks..


    " WASHINGTON (AP) - Democratic presidential candidate Barack Obama was less than upfront in his half-hour commercial Wednesday night about the costs of his programs and the crushing budget pressures he would face in office.

    Obama's assertion that "I've offered spending cuts above and beyond" the expense of his promises is accepted only by his partisans. His vow to save money by "eliminating programs that don't work" masks his failure throughout the campaign to specify what those programs are—beyond the withdrawal of troops from Iraq.

    A sampling of what voters heard in the ad, and what he didn't tell them:

    THE SPIN: "That's why my health care plan includes improving information technology, requires coverage for preventive care and pre-existing conditions and lowers health care costs for the typical family by $2,500 a year."

    THE FACTS: His plan does not lower premiums by $2,500, or any set amount. Obama hopes that by spending $50 billion over five years on electronic medical records and by improving access to proven disease management programs, among other steps, consumers will end up saving money. He uses an optimistic analysis to suggest cost reductions in national health care spending could amount to the equivalent of $2,500 for a family of four. Many economists are skeptical those savings can be achieved, but even if they are, it's not a certainty that every dollar would be passed on to consumers in the form of lower premiums.

    ___

    THE SPIN: "I've offered spending cuts above and beyond their cost."

    THE FACTS: Independent analysts say both Obama and Republican John McCain would deepen the deficit. The nonpartisan Committee for a Responsible Federal Budget estimates Obama's policy proposals would add a net $428 billion to the deficit over four years—and that analysis accepts the savings he claims from spending cuts. The nonpartisan Tax Policy Center, whose other findings have been quoted approvingly by the Obama campaign, says: "Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next 10 years." The analysis goes on to say: "Neither candidate's plan would significantly increase economic growth unless offset by spending cuts or tax increases that the campaigns have not specified."

    ___

    THE SPIN: "Here's what I'll do. Cut taxes for every working family making less than $200,000 a year. Give businesses a tax credit for every new employee that they hire right here in the U.S. over the next two years and eliminate tax breaks for companies that ship jobs overseas. Help homeowners who are making a good faith effort to pay their mortgages, by freezing foreclosures for 90 days. And just like after 9-11, we'll provide low-cost loans to help small businesses pay their workers and keep their doors open. "

    THE FACTS: His proposals—the tax cuts, the low-cost loans, the $15 billion a year he promises for alternative energy, and more—cost money, and the country could be facing a record $1 trillion deficit next year. Indeed, Obama recently acknowledged—although not in his commercial—that: "The next president will have to scale back his agenda and some of his proposals."

    ___

    THE SPIN: "I also believe every American has a right to affordable health care."

    THE FACTS: That belief should not be confused with a guarantee of health coverage for all. He makes no such promise. Obama hinted as much in the ad when he said about the problem of the uninsured: "I want to start doing something about it." He would mandate coverage for children but not adults. His program is aimed at making insurance more affordable by offering the choice of government-subsidized coverage similar to that in a plan for federal employees and other steps, including requiring larger employers to share costs of insuring workers.

    ___

    THE SPIN: "We are currently spending $10 billion a month in Iraq, when they have a $79 billion surplus. It seems to me that if we're going to be strong at home as well as strong abroad that we've got to look at bringing that war to a close." These lines in the ad were taken from a debate with McCain.

    THE FACTS: Obama was once and very often definitive about getting combat troops out in 16 months (At times during the primaries, he promised to do so within a year). More recently, without backing away explicitly from the 16-month withdrawal pledge, he has talked of the need for flexibility. In the primaries, it would have been a jarring departure for him to have said merely that "we've got to look at" ending the war. As for Iraq's surplus, it's true that Iraq could end up with a surplus that large, but that hasn't happened yet. "
     
  4. tymebeta
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    tymebeta Member

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    I know. He tells us what he wants to do as president(spin), but he's already failed at that which he has not yet done - and that's a (fact)!
     
  5. Razalas
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    Razalas Rookie

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    So he can accomplish the impossible?..
     

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