Wednesday, September 3, 2008

Sarah Palin Misrepresents Obama's Tax Plan

Here's what Palin claimed in her address tonight:

The Democratic nominee for president supports plans to raise income taxes … raise payroll taxes … raise investment income taxes … raise the death tax … raise business taxes … and increase the tax burden on the American people by hundreds of billions of dollars.
What is the truth? A recent Wall Street Journal article by Obama's two top economic advisers gives a clear and complete description of Obama's complete tax proposal. Here is an excerpt:
... his plan would not raise any taxes on couples making less than $250,000 a year, nor on any single person with income under $200,000 -- not income taxes, capital gains taxes, dividend or payroll taxes.
As previously mentioned, the Obama plan is a net tax cut -- his middle-class tax cuts are larger than the rollbacks he has proposed for families making over $250,000. Sen. Obama would pay for this tax cut by cutting spending -- including responsibly ending the war in Iraq, reducing excessive payments to private plans in Medicare, limiting payments for high-income farmers, reducing subsidies for banks that make student loans, reforming earmarks, ending no-bid contracts, and eliminating other wasteful and unnecessary programs.
Do not take the critics' word for it. Go look at the plans for yourself at
Also see, which allows you to calculate your tax cut under Obama's proposals.

1 comment:

lerxst said...

They just have no compunction about lying and pulling out the old scare tactics. As Obama put it in his convention speech:

"...if you don't have any fresh ideas, then you use stale tactics to scare the voters. If you don't have a record to run on, then you paint your opponent as someone people should run from."