Thursday, October 16, 2008

The Case Against Barack Obama, Part 1

"In promoting his tax cuts, President Kennedy said, 'The soundest way to raise the revenues in the long run is to cut the (tax) rates now.' When Kennedy says it, it's Camelot. When Reagan says it, it's trickledown. By the way, Kennedy cut taxes by 22 percent (reducing the top marginal rate from 90 percent to 70 percent), and Reagan by 60 percent (top marginal rate from 70 percent to 28 percent). The "unfair, pro-rich" Bush tax cuts that are set to expire? A reduction in the top marginal rate of approximately 7.5 percent. A recent headline in Agence France-Presse says it all: 'Sweden Announces Income Tax Cuts to Boost Jobs.'"