Obama’s Tax Relief Runs Into Opposition From Senate Democrats
Obama wants to tie “tax relief” (that really isn’t tax relief because it raises taxes for those who pay the most and sends welfare checks from the IRS out to those who pay little or nothing) to his “economic stimulus” spending spree, but Democrats in the Senate don’t want the “tax cuts.”
They just want the spending:
WASHINGTON (AP) – President-elect Barack Obama’s proposed tax cuts are running into opposition from senators in his own party who say they won’t do much to stimulate the economy or create jobs.
Senators from both parties agreed that Congress should do something to stimulate the economy. But senators emerging from a private meeting of the Senate Finance Committee on Thursday said that tax portion of Obama’s stimulus plan is unworkable.
They were especially critical of a proposed $3,000 tax credit for companies that hire or retrain workers. Democratic Sen. Kent Conrad of North Dakota described it as “misdirected.”
You won’t hear me be critical of tax cuts very often, but these Senate Democrats (including Kent Conrad, who has never met a tax cut he liked and a spending hike he didn’t love) are on the right side when it comes to Obama’s “tax cuts.” Not for the right reasons, of course, but even so.
Obama’s “tax cuts” are really just more spending. They wouldn’t be actual rate cuts that would make our paychecks larger. They’d just be money from the government for most citizens funded by higher taxes on the minority of Americans who pay the lion’s share of taxes.
What we need right not is to rein in government spending and pass real tax relief for all Americans who actually pay taxes. Decrease the burden government represents to the taxpayers and this economy will turn around.



