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Originally Posted by pussyserver
BARACK OBAMA'S TAX RELIEF PLAN
Provide A "Making Work Pay" Tax Cut For America's Working Families
This refundable income tax credit will provide direct relief to American families who face the regressive payroll tax system. It will offset the payroll tax on the first $8,100 of their earnings while still preserving the important principle of a dedicated revenue source for Social Security
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How about just fixing social security than making the already complicated tax code even more complicated?
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Create A Universal Mortgage Credit
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So those who have to rent because they can't afford a down payment on a house get screwed.
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Expand The Earned Income Tax Credit
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Ironically titled since the less income you actually earn the more you get. One reason taxes are high because tens of BILLIONS of tax $$ are used on this. How about eliminating it and pass the saving on by lowering or getting rid of the 10% tax bracket? Call me crazy just might work and stop cheaters.
also
"The Obama plan would also increase the EITC benefit for those families that are most likely to be in poverty & families with three or more children. "
Yes encourage people to have kids so they can get more earned income credit. People do actually do this. These people really shouldn't be having kids in the first place.
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Eliminate Income Taxes For Seniors Making Less Than $50,000
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Only reason I'm for this is because senior have been force to pay into the ponzi scheme we call social security and get screwed out of money they could have earned by investing that money on their own.
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Enable Millions Of Americans To Complete Income Tax Returns In 5 Minutes
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Everyone says this. Huckabee's plan would take ZERO minutes. Not that it's a good idea. Besides with all these tax credit and shit he's making the tax code even more difficult. hard to see how that makes filing taxes EASIER.
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Expand The Child And Dependent Care Tax Credit
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Yes people who WISELY chose not to have kids because they can't afford them get nothing while people that have too many kids get a break. Yes encourage over population.
By the way the president doesn't make legislation and pass it that's the job of CONGRESS. If no one in congress likes his ideas they'll never see the light of day. He'd actually have better shot of this passing this if he stayed in congress. If the GOP ever took over either branch during his term his ideas are dead in the water.