Obamanomics and Taxes

Hard to believe you can preserve entitlement benefits for all and only raise taxes on 3% of the population.

Then again, he thinks he can raise Capital Gains taxes 5% and pay for $600B in new spending he is proposing in the campaign. This guy must really be the second coming if he can pull of a miracle like that. It would surely be the biggest miracle since Christ fed the multitudes with a basket of fish and bread.

This editorial in today's WSJ gives some good background on the B Hussein tax plan.

Then again, B Hussein could be a giant fraud and liar....

In a June 26 interview on the Fox Business channel, Mr. Obama said he wanted to roll back the Bush tax cuts for those in the top 5% of incomes -- that is, about $145,000 per year. He also voted for the Democrats' fiscal year 2009 Budget Resolution, which would raise taxes on individuals earning $42,000 or more.