Wednesday, March 25, 2009

Democrats want to scrap Obama's $400 tax rebate in 2010

Why do Democrats hate tax cuts so much? Senate Democrats are planning to get rid of the $400 per person tax rebate that Obama asked for in the stimulus in a year and a half. Americans have not yet received any of this small rebate before talk of cancellation begins. Democrats like to pretend they only want to tax the rich, but ,in truth, they want to tax everyone to the maximum extent possible. The last Democrat to believe in tax cuts for anyone was John F. Kennedy. They don't make democrats like him anymore.
Senate Democrats to scrap Obama's $400 tax credit
Mar 24 07:24 PM US/Eastern
Associated Press Writer

WASHINGTON (AP) - A top Democrat in the Senate announced a budget blueprint Tuesday that would scrap Barack Obama's signature tax cut after 2010 and blends sleight of hand with modest restraint on domestic programs to cut the deficit to sustainable levels.

Senate Budget Committee Chairman Kent Conrad, D-N.D., promises to reduce the deficit from a projected $1.7 trillion this year to a still-high $508 billion in 2014. But to do so, he assumes Congress will let Obama's "Making Work Pay" tax credit delivering $400 tax cuts to most workers and $800 to couples will expire at the end of next year. Those tax cuts were included in Obama's stimulus package. (excerpt) read more at

No comments: