In his weekly radio address:
…some big problems with my opponent’s claim that he will cut income taxes for 95 percent of Americans. You might ask: How do you cut income taxes for 95 percent of Americans, when more than 40 percent pay no income taxes right now? How do you reduce the number zero?
Well, that’s the key to Barack Obama’s whole plan: Since you can’t reduce taxes on those who pay zero, the government will write them all checks called a tax credit. And the Treasury will cover those checks by taxing other people, including a lot of folks just like Joe.
In other words, Barack Obama’s tax plan would convert the IRS into a giant welfare agency, redistributing massive amounts of wealth at the direction of politicians in Washington. I suppose when you’ve voted against lowering taxes 94 times, as Senator Obama has done, a new definition of the term “tax credit” comes in handy.
At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives. They use real numbers and honest language. And we should demand equal candor from Senator Obama. Raising taxes on some in order to give checks to others is not a tax cut it’s just another government giveaway.
What’s more, the Obama tax increase would come at the worst possible time for America, and especially for small businesses like the one Joe dreams of owning. Small businesses provide 16 million jobs in America. And a sudden tax hike will kill those jobs at a time when need to be creating more jobs.
Fortunately, America has an alternative to the phony tax cut my opponent started talking about only months ago. The McCain-Palin tax cut is the real thing. Among our other serious tax reforms, we’re going to reduce every income tax bill in America, and double the child deduction for every family. We will cut the capital gains tax. And we will cut business taxes to help create jobs, and keep American businesses in America.
As Joe the Plumber has now reminded us all, America didn’t become the greatest nation on earth by letting government “spread the wealth around.” In this country, we believe in spreading opportunity, for those who need jobs and those who create them. And that is exactly what I intend to do as President of the United States.
It would be nice if Obama and his Democrats would come right out and say what they’ll do if the do win the trifecta of White House/House/Senate. Of course, if they were to announce clearly just how much taxing, spending and tearing down of traditional morality they plan, they’d not win that trifecta, now would they? So Obama is reduced to a fiscal sleight of hand in order to try and fool a majority into supporting him – and it may work, thanks to an MSM which is fawning in its coverage of The One.
Fortunately for us, we do have a real choice on November 4th – John McCain and Sarah Palin are coming on strong and battling it out toe to toe with Obama and his liberal and leftist allies. With the polls tightening over the past few days, we can see that this race will go right down to the wire and, in the end, I’m very hopeful that McCain will pull off the biggest upset in American political history. Should we win this battle then we’ll be able to proudly state that while being slandered by the MSM and outspent massively by the Democrats, we still managed to secure the support of the American people – and John McCain will have secured a mandate to bring about the real change we need to get America back on track.
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