These are my links for October 13th:
- TaxProf Blog: Hundreds of Economists Sign Letter Opposing Obama's Tax Plan - So there are still lunatics in the asylum. What's news?
- Michael Meacher: The rich should bear the burden of the bail-out | Comment is free | guardian.co.uk - Quite right, they both created and benefited from the failure
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Richard,
As it relates to Senator Obama’s proposed “tax cuts” for 95% of Americans, it is indeed an illusion. At one point in time one actually had to be an actual tax-payer in order to receive a tax cut.
With income phase-outs and other ‘qualifications’ tax cuts are now upside down. An actual tax-payer does not get a tax cut, an individual not paying taxes does. Who knew?
A more honest description of the proposed tax cuts would be, income re-distribution.
Excellent
That’s what we want
Richard