Obama Giveth, Obama Taketh Away
May 6, 2009 Political
I know liberals are wetting their panties over the $13 a week tax refund that Obama has provided even though it is not enough to buy a pair of earrings (according to his Klingon wife). This wonderful Obama cut taxes and now people are getting a little back each week and they should be happy.
I warned some time ago that the people getting this money would end up paying it back. Military.com is reporting on exactly what I said:
Millions of Americans enjoying their small windfall from President Barack Obama’s “Making Work Pay” tax credit are in for an unpleasant surprise next spring.
The government is going to want some of that money back.
The tax credit is supposed to provide up to $400 to individuals and $800 to married couples as part of the massive economic recovery package enacted in February. Most workers started receiving the credit through small increases in their paychecks in the past month.
But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.
At-risk taxpayers include a broad swath of the public: married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income.
The Internal Revenue Service acknowledges problems with the withholding tables but has done little to warn average taxpayers.
About 40% of the population will not have to worry because they don’t pay taxes. In fact, they get back more than they had withheld. Most other people are going to get hurt by this.
The article indicates that this will just lower the amount of some returns. This is true and it is why most people will not even notice. A lot of people foolishly have a lot of money withheld and then get a big check at the end of the year. This allows government to use your money interest free. If you adjust so that you come close to even then you can put the money away in an interest bearing account.
Then again, those who get huge refunds probably think the government is giving rather than returning money.
Tax time will be fun next year but most people will not notice because they have their lips firmly attached to the government teat.
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Bill Clinton Again Rewriting History
Nov 28, 2007 Political
Bill Clinton asserted that he was opposed to the war in Iraq from the very beginning though his remarks at the time were much more tempered and did not portray a person who was absolutely opposed to the action. He indicated that it would not have been proper for him to have more open statements at the time because he was not the president. He did however, have no problem with expressing that the weapons inspectors should be given more time. Fourteen years of folly was not enough for Clinton.
I believe that Clinton now expresses that he was absolutely opposed because Obama, his wife’s opponent, is the only candidate who can say he was against the war from the beginning and not have to prove it. The others have their pesky votes to show what they actually did. John Edwards says he was wrong to vote that way and Hillary stated she was misled by president Bush. Once again, it is someone else’s fault. If this is the smartest woman in the world and she was misled by President bush, a man many on the left believe to be an idiot, how was she so easily misled?
Clinton was on the campaign trail trying to raise support for his wife who has seen her numbers drop over the past few weeks. He mentioned himself more times than he mentioned her but that might be the point because he is more liked than she is so people get the impression that he is the one they are electing. He also told the audience how Hillary has experience and has not forgotten what it is like to “be like you.” Read this as even though she is rich she has not forgotten what it is like to be one of the little people. Of course, she failed to give a tip at a diner. I am not saying that it was deliberate but wouldn’t one of “us” remember to so that?
Clinton also played this phony concern for the military while lying about tax cuts. He was lamenting the Republican tax cut for the rich and how he, as a rich guy, is not paying money that could go tot he troops. First of all tax cuts were not “for the rich” they were for everyone. They have helped the middle class and poor (those who ACTUALLY pay any taxes) and they have helped produce a strong economy. The rich still pay a higher marginal tax rate than anyone else and they also pay most of the taxes in this country. Of course they will get more money back because they pay a hell of a lot more in. Secondly, the treasury will take donations to the government and I am sure Bill is aware of this. if he is so concerned that he is not paying his fair share then he is certainly free to donate money to the treasury.
Obviously, this is more of the Clinton feel good talk and double speak. A lot of people will believe him when he says he wants to pay more but few will know that he could if he wanted to. They will assume this poor schmuck is just dying to give more money back if only those mean Republicans would take it.
Mr. Clinton, I call on you to either make a donation to the treasury for what you think you should be paying or shut your mouth about the issue. People deserve better than to be misled by a snake oil salesman.
Fact 1: We pay too much in taxes even after tax cuts.
Fact 2: The government takes in huge sums of money. The real problem is uncontrolled spending.
Fact 3: We could take even more in tax cuts if the Congress would stop spending BILLIONS in pork projects.
Source:
Yahoo News
UPDATE: Bill supported it before he was opposed to it. I guess these people think we don’t read…
Others with similar stories:
Outside the Beltway, Perri Nelson’s Website, The Virtuous Republic, Rosemary’s Thoughts, guerrilla radio, Right Truth, Adam’s Blog, The World According to Carl, Leaning Straight Up, The Bullwinkle Blog, The Amboy Times, Conservative Cat, Right Voices, and The Yankee Sailor, thanks to Linkfest Haven Deluxe.
Tags: bill clinton, campaign trail, folly, Hillary, John Edwards, phony, president bush, tax cut