Obama: The Tax Man Cometh (Townhall.com) June 26, 2008Posted by daviddavenport in Radio Commentaries.
Tags: Presidential Elections
For months, Senator Obama has said he was the candidate of change, without every explaining what that meant. Now that the Republican and Democratic positions are becoming clearer, we can see what he means, and it’s scarier than we thought.
Take taxes: With the Bush tax cuts scheduled to expire, it will take real leadership simply to avoid a hugh tax increase, a battle McCain has promised to fight. And Obama?
He wants to raise the income cap on Social Security, increase the upper income tax brackets, restore the inheritance tax, and kick the capital gains tax margins up. A trillion here and a trillion there, we’re talking about real money.
This isnot change, it’s retreat. It’s a return to New Deal and Great Society economics. You can summarize Obama’s position in 4 words: The Tax Man Cometh.