Saturday, October 18, 2008

Tax and Tax Cuts and ........

And here is an interesting link to a post, on a site which is always interesting... McCain vs. Obama on tax cuts.

Excerpt...

"
So Smith asked Goulsby if Obama was going to cut payroll taxes and Goulsby answered that a cut in social security taxes would adversely affect the “Social Security Trust Fund” (whatever that is), but that Obama would refund ($500?) to low income workers. So that if their tax balance on April 15th is $0, they’d get a ($500?) check from the IRS, which is supposedly a rebate on their Social Security taxes."

"So, it’s not a tax cut, by any standard…it’s giving one group of citizens money that another group of citizens earned. Redistribution of wealth." {Italics/bold mine}