Barack Obama in the past year has proposed increasing the payroll tax on workers, raising capital gains tax from 15% to 25%, and increasing the death tax. He voted almost 100 times for higher taxes in just four years in Congress, and his running mate Senator Biden openly advocated raising middle-class taxes to pay for increased Government spending.
Now Obama proposes increasing Government welfare payments for those who dont pay taxes (via a 'refundable tax credit'), hiking income tax rates on those who already pay close to 40% of collected income taxes, yet calls this socialistic redistribution of wealth a 'middle-class tax cut'. What a farce.
Candidate Obama wraps the tax plans of Mondale in the rhetoric of a Reagan. It adds up to the dishonesty of Clinton and economic program of Hoover. Despite the stiff competition, Obama will be our next Worst President Ever.