Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Thursday, March 05, 2009
Debra J. Saunders :: Townhall.com Columnist
Plan Obama: Pass the Check
by Debra J. Saunders
Vote on It:
Average Vote:
[+] Text [-]
 
Poll
Will Congress pass Obamacare by the end of the year?

Twenty-five years after 1984, Doublespeak lives. Last week, President Obama released "A New Era of Responsibility: Renewing America's Promise" -- a 10-year, $3.55 trillion spending plan that represented anything but fiscal maturity. The plan lamented the World Before Obama as "an era of profound irresponsibility" -- with deficit spending and unfunded tax cuts. Then it offered more deficit spending and unfunded tax cuts.

Oh yes, and after years of Democrats trashing President George W. Bush for cutting taxes while America is at war, the New Responsibility Democrat wants his proposed tax cut for 95 percent of working families -- while America is at war in Iraq and Afghanistan -- to be permanent.

It's not that cutting taxes in itself is bad, but it is hardly responsible to tell Americans that they can benefit from more than $1 trillion in new government spending (when you add his stimulus and recent budgets) -- and the best part is, only other people will pay for it.

Last year, Tax Foundation President Scott A. Hodge estimated that under current law, 47 million federal tax filers -- or 33 percent of filing households -- would owe zero on their federal income taxes in 2009. Under Plan Obama, he calculated, 63 million filers -- or 44 percent -- would pay zero in federal income taxes -- although, they would contribute to Social Security and may pay sales tax. (Republican John McCain's plan was not substantially different: Hodge estimated that under Plan McCain, 43 percent of filers would pay no income tax.)

The 44 percent estimate did not include the 15 million individuals and families that simply did not file taxes in 2006. Add them with the zero-income tax filers and the ratio of American households paying no federal income taxes is about half. Continued...

1 2
| Full Article & Comments | Next >
Share:
Vote on It:
Average Vote:
 
About The Author

 
TOWNHALL DAILY: Be the first to read Debra Saunders' column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.
Credit Card- No limit
Obama, Pelosi and Ried have issued themselves credit cards with NO limit, under YOUR name.

This is exactly what is happening. And what finally happens to people with massive credit card balances? They go bankrupt...

The Chinese and Saudi's are not going to be as easy to deal with as a bankruptcy court

Roy
I was just telling an old friend from college yesterday that Obama is trying to do exactly what he said he'd try and do during the campaign, yet he got elected anyway. Go figure.
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.