« BACK  |  PRINT

RS

FRONT PAGE CONTRIBUTOR

New York Post: Good Heavens, what if Biden *means* all those things he says?

I know, I know: the notion has that cosmic, Lovecraftian-type horror aura about it.

This is going to be tricky to excerpt, so read the whole thing:

…yesterday Biden let slip that he and Obama apparently have a sliding scale to determine who’s “super-rich.”

[snip]

“What we’re saying,” he told a Pennsylvania TV interviewer, “is that [our] tax break doesn’t need to go to people making . . . $1.4 million. It should go to [people] making under $150,000 a year.”

[snip]

An Obama mouthpiece quickly dismissed the discrepancy as just another one of Joe the Senator’s gaffes.

But consider: The campaign has a new TV commercial out declaring that families – not individuals – earning $200,000 or less would qualify for a tax cut. Two incomes – not one.

[snip]

Don’t say you weren’t warned.

Look, I know that it’s nice to get free stuff and everything, but let me be blunt: don’t count on further tax cuts. In fact, no matter what happens on Tuesday: assume that they’ll be increased, whether by actively raising the rates or by the early elimination of the current Bush tax cuts that are probably going to be most noticeable by their sudden absence. We’re in a recession, we may be coming into a depression, and the current drop in crude oil prices to about half of what it was earlier in the political season pretty much eliminates even the excuse of believing that a “windfall” profit tax will generate the revenue that Obama would need for his program.

I’m actually not trying to ding Obama for this one; announcing that he’s actually going to raise everybody’s taxes would be political suicide (about as much as would be actually cutting defense spending by 25%, although I don’t know if his people have the mother-wit to recognize that), which is why he’s not doing it. He’s still going to have to come up with something comprehensive, (slow smile) something “reality-based” – current reality, not last June’s – and something that might in fact work, though, and he’s running out of time to show it to us.

Because if Joe “Gird Your Loins” Biden turns out to have not been a false prophet, the American people are not going to have a hearty chuckle over it all.

COMMENTS

  • clove

    That would mean televisions were introduced in the 1920′s and we all know that’s BS.

  • hunter

    Is it will be driven by the politics of the one being measured.
    That is the heart of redistributive social/economic ‘justice’.

  • hunter

    promises:
    Barack Obama

    1. Occidental College records ? Not released
    2. Columbia College records ? Not released
    3. Columbia Thesis paper ? ?not available?
    4. Harvard College records ? Not released
    5. Selective Service Registration ? Not released
    6. Medical records ? Not released
    7. Illinois State Senate schedule ? ?not available?
    8. Law practice client list ? Not released
    9. Certified Copy of original Birth certificate – - Not released
    10. Embossed, signed paper Certification of Live Birth ? Not released
    11. Harvard Law Review articles published ? None
    12. University of Chicago scholarly articles ? None
    13. Your Record of baptism? Not released or ?not available?
    14. Your Illinois State Senate records??not available?
      The pumas are not pleased:
      http://pumapac.org/
  • sconklin

    All my lib friends keep insisting only those that earn more than $250k are going to see tax increases. “It will help the middle class”. I told them to put thier car/paycheck/house up if they were so sure. Couldnt get any takers

    My friends, it’s not going to stop at $150k and the middle class should be afraid, be very afraid

  • Mord
    • opposition to FISA and telecom immunity.

    • public financing for the general election.

    • “I could no more disown Rev. Wright than I could disown my white grandmother” “This is not the Rev. Wright I knew”

    How anyone can believe a word this man says anymore is a mystery. Given his track record on the truth, I wouldn’t be surprised if Obama raises income taxes on anyone making less than 100,000 dollars and abolishes corporate taxes. He claims to do the exact opposite of what his record shows us, lower taxes, less abortions, second ammendment rights…and always seems to eventually vote opposite of what he promised in order to win.

  • izoneguy

    99% of them will say – I will never make $250,000…
    That is not the point. Do you have a job? Do you think your company makes more than $250,000?? If the answer is YES then the next question would be. So, how are sales? DO you think your company would survive a loss of 2-5% of profit?
    If things are tight at the company do you think your job is secure? Nothing lasts forever. No job, not even tax increases.
    The entire goal of Obama is to wipe out small business so that the class of Entrepreneurs is dead. Obama wants a society of entrapped workers that are “taken care” of so that they won’t resist when his Marxist plans are unveiled.

  • NightTwister

    Let’s not forget the 15.3% tax increase on every dollar earned above the current social security cap for small business owners.

    Last time I looked, that wasn’t $250K.

    People are deluding themselves if they think they’ll be better off under Obama’s tax plan.

    Even the ones that are promised the freebies won’t get them, because there won’t be enough people left generating income to pay the taxes necessary to support it.

  • Tomorrow

    The $250k, or $200, or $150 is a distraction.

    So far, we’ve heard one rate and one bracket. What about the rest of the package? As noted, the FICA ceiling increase is a huge hit. And no one has asked Obama about deductions. His pal Buffet thinks that mortgage interest deduction should be eliminated. Now there’s a great source of revenue – once! Let’s see, if the state tax deduction is elimnated, and then change the deprecation schedules, he’s on his way.

  • ATLconservative

    While watching the third debate, I noticed Obama mention $200,000. It caught my attention because I knew full well beforehand that this number was arbitrary and subject to change (i.e. get lower), if not an outright lie:

    Number two, let’s help families right away by providing them a tax cut — a middle-class tax cut for people making less than $200,000, and let’s allow them to access their IRA accounts without penalty if they’re experiencing a crisis.

    To make sure I’m not confusing his individual vs. family income limit, I’ve emphasized his distinction.

  • ChicagoLaura

    I was too campaign-fatigued to post on this a while back, but the $250,000 “rich people” definition has had a long small-print version since shortly after it was unveiled. Indeed, yesterday’s online Obama tax calculator makes no promises to a single person making more than (I think) $150,000. I wonder if they’ll continue to update the algorithms as Joe and BO continue to scheme about who else they can pickpocket. Another zig in the long and clandestine string of Obama zig-zags.

    But on another subject…

    Moe, the Lovecraft reference confirmed an assumption of mine: that I’m not the only one on here with some very nerdy days in my life story…although I think my Call of Cthulhu days when Obama was still licensed to practice the law!

    At least I had to google “Cthulhu” to see if I was right about the second “h.”

  • ChicagoLaura

    Preview comment is your friend…

  • ChicagoLaura

    Sorry for the post & repost.

    But I don’t want to give Obama a huge bracket of young, upwardly-mobiles.

    Single people making $100,000 will get $0 tax cut…unless they have mortgage.

    As of today’s version of Obama’s tax calculator.

    That’s a wee bit different than the $250,000 “rich people” definition. That’s going to include an awful lot of S-corporation owners who are struggling to make ends meet!

  • itrytobenice

    That list is painfully long. How do the democrats tolerate such a betrayer?

    If that was John McCain who had lied that many times, I’d be voting for Bob Barr.