Tax Cuts Claimed by Obama White House Are Largely New Spending Programs
13th October 2009
President Obama’s White House blog team reports that “President Obama’s aims (sic) to restore fairness to the tax system by providing the Making Work Pay tax cut to 95 percent of working families….”
Of course, there is a small problem here. 95% of working families don’t pay taxes. One-third don’t pay any income taxes at all. So how can we give them a tax cut?
Frankly, we can’t. But we can give them money.