Monday, March 02, 2009

Starry Eyed on Tax Relief

So the new transparency that Obama promised is starting to look a lot like that same old mendacity we got under the previous administrations.

On the radio, I heard about a new website set up to help the tax-paying populace (all 46% of us) keep an eye on where our money is going. (You have to provide the flushing sounds yourself.)

Mr. Obama has been trying to sell us a bill of goods about how he is taking the same steps that Kennedy, Reagan, and even Bush II took to spur a sagging economy: TAX RELIEF. Now, tax relief does work. We've seen that. But what he's proposing isn't tax relief at all.

First, as in my post last Friday, giving non-taxpayers money channeled through the IRS and calling it a rebate isn't tax relief. It's welfare at best, Marxist redistribution of wealth in the middle, and outright vote-buying.

But then going on to lie about what counts as tax relief by throwing in all sorts of stuff not even covered under any rubric of tax or IRS is just outright deceitful. Let's take a look at RECOVERY.GOV to see where it says all that money is going.

Ooh!!! $288Billion in tax relief! I'm so relieved! I thought this was just going to be a big spending bill where the government decides what to do with my money. I'm so thankful they're going to entrust me with more of what I earned... and... uh....

....wait a second. What's that asterisk doing there? I'd better check the fine print and footnotes.
* Tax Relief - includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.
Lemme get this straight - since you're being all transparent and accountable: $123 Billion of this "tax relief" is really just more of the other stuff you've got listed there. Am I reading that right? So really it's only $165 Billion is in tax relief. And a good bit of that is really just going to be shuffling money to people that didn't pay any taxes to begin with?

So much for HOPE and CHANGE in the politics of deception.

Take these provisions with a grain of salt? YES WE CAN!

I think I liked the cowboy diplomacy better than the cowboy economics.

1 comment:

Dave Moody said...

Awww, now there ya go, ruining my Monday. Where's the hope, you cynic. Jesus would want this. Why are you so fearful????


Since you're not in the sideline anymore, just thought I'd channel a little bit of the, uhm, 'love' your way.