Wednesday, November 5, 2008

Let's Hope Obama Doesn't Keep His Promises

"Obama wants to expand the number who pay nothing by millions and enormously boost the earned income tax credit _ a form of welfare _ on top of still other tax credits. Put it all together and you’re giving up $80 billion in revenues a year while getting maybe $50 billion from new taxes on the high-income crowd, meaning an overall loss of $30 billion. How’s he going to make that up? Hard to say, hard to say."