The story is from Rex Nutting at Marketwatch, my fiance and I added the commentary in parentheses.
Obama to 'tea-bag' protesters: I've already cut taxes
By Rex Nutting, MarketWatch
Last update: 1:48 p.m. EDT April 15, 2009Comments: 2146WASHINGTON (MarketWatch) -- Obliquely answering the hundreds of "tea bag" protests around the country on tax day, President Barack Obama said Wednesday that he's already delivered the most progressive tax cut in history, with 95% of families getting a tax break in every paycheck.
(Yes, obama is generous.....the average boost of $13 in take-home pay is amazing.)
Americans need a "government that is working to create jobs and opportunity for them, rather than simply giving more and more to those at the very top in the false hope that wealth will trickle down," Obama said.
(false hope?! point out the homeless person that employs hundreds or thousands of low to middle-income americans. and how does government give anything to anyone at the very top? they aren't on welfare, you're simply allowing them to keep more of the money that they rightfully earned in the first place while pursuing their american dream and employing other people trying to do the same thing. more word-twisting to increase the class-warfare. also, because of your reckless assault on the aig execs, the auto execs, and any corporation that sends execs/employees to parties/meetings/conventions the travel, hotel and convention industries are now suffering because of fear of retribution from the white house. estimates go as high as 464,000 jobs lost by the end of the year because of cut-backs in corporate travel. good job obama.)
In his remarks, Obama decried the use of taxes as a political wedge issue "to scare people into supporting policies that increased the burden on working people instead of helping them live their dreams."
(what does this even mean??? using a political wedge is your expertise, it's what you did to aig to enrage the public and create more class-warfare. and what happens when an american dream causes someone to cross an income threshold and they become 'too rich'? are they living the american dream or are they now the enemy of the workers?)
"We start from the simple premise that we should reduce the tax burden on working people, while helping Americans go to college, own a home, raise a family, start a business and save for retirement," Obama said.
(we already tried helping americans buy a home, that's what got us here in the first place, moron. why would anyone want to start a business now after the assaults on business that have been put forth on corporations by your administration, moron? and how would starting a business help anyone...trickle down is a false hope remember? if we reduce the number of rich people by punishing them with massive taxes and make it unprofitable to own and run a business with high corporate taxes, who is going to pay the taxes to help pay for college and mortgage assistance and business startups and retirement? you don't know and don't care, you're simply pandering to the middle-class and below. )
Obama said he is committed to simplifying the tax code and has asked former Federal Reserve Chairman Paul Volcker to lead a study on reforming the tax code to make it fairer and simpler.
With the recession deepening, tax receipts are way down this year. Individual tax refunds are up about 16%, or $30 billion, compared with last year.
(well, I guess, obama figures the tax code must be difficult if the geniuses he picked couldn't manage to pay their taxes. so let's simplify the tax code and put thousands of cpa's out of work.)
"This amounts to a substantial short-term boost to disposable income that may have contributed to the relatively mild recovery in consumer spending in January and February after the disastrous holiday shopping season," wrote David Greenlaw and Ted Wieseman, economists for Morgan Stanley.
Non-withheld taxes are likely to fall about $80 billion compared with last year, the economists said. Non-withheld taxes are typically paid by people who are self-employed, or those who have substantial income from capital gains or financial assets.
(meanwhile he's setting records with his budget....where is he getting the money? don't worry about it, he'll just print more)
Rex Nutting is Washington bureau chief of MarketWatch.
