Falling behind Hill-Dog the Obaminator wants to steal my money to get the poor vote, while showing once again that so far as Democrats are concerned poor people are little children who can't possibly be held responsible for their actions (like buying a house they could never afford) and the American Dreams means never having to say you're sorry.
clipped from online.wsj.com Obama wants to give 150 million working Americans a $500 tax credit, expand relief for homeowners, eliminate income taxes for seniors making less than $50,000 and simplify tax returns so millions of Americans can file in less than five minutes. Obama said more Americans who own their homes should get relief from mortgage payments. The current mortgage interest deduction only goes to those who itemize their taxes, while he would create a universal mortgage credit of 10% of interest payments that the campaign says would benefit an additional 10 million homeowners. Obama's campaign said he would pay for his proposals by closing corporate-tax loopholes, fighting international tax havens and raising the top rate on capital gains and dividends. The Illinois senator told Wall Street investors that they need to reappraise values that focus on their own gains at the expense of struggling Americans. |