Ever since the news was reported concerning Barack Obama's philosophy of 'spreading the wealth around,' along with the video from 2001 showing he fully supports the concept of 'redistribution of income,' several surveys have been conducted that show Americans overwhelmingly disagree the apparent new 'President.'
One survey shows that by a 90% margin, Americans are totally against redistribution of wealth and support instead programs that grow the economy through the creation of wealth.
This is accomplished through tax cuts, breaks for small businesses and corporations, and clearing the hurdles these businesses must jump in order to create jobs.
Americans overwhelmingly support these ideas rather than Obama's Marxist-driven concept of 'redistribution of wealth.'
Yet another survey was conducted that shows over 60% of Americans believe that those citizens who receive a tax rebate check but did not pay any taxes to begin with are actually receiving welfare.
This is of vital importance due to the fact that Obama's infamous 'tax cut for 95% of Americans' includes 40% who pay no taxes at all.
Over 60% of Americans view this as welfare, not a tax cut.
Obama claims he has 'tweaked' his tax proposal to exclude those who do not pay taxes. If this is the case, then he cannot truthfully continue to tout his plan as a 'tax cut for 95% of Americans.'
When one excludes those who pay no taxes to begin with, Obama's tax cut will apply to only 55% of Americans, not 95%.
This means that marginal tax rates for those making over $200,000 per year will go through the roof to make up the difference. And it must be remembered that the top 1% of wage earners in the country pay over 60% of the taxes already.
Tuesday, October 28, 2008
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