Translate

Friday, October 24, 2008

Santorum: Obama thinks he's Robin Hood

Writing in The Philadelphia Inquirer, former Pennsylvania Sen. Rick Santorum says Barack Obama reminds him of Robin Hood.

From Santorum's column:
A central theme of the Obama campaign is that the wealthy don't pay their fair share of taxes and that the "middle class" needs tax relief. (Am I the only one bothered by Obama's overuse of the word class instead of income here?) He has been spreading this class-warfare message for some time.

Obama says that he wants to tax only those households that make more than $250,000 a year and that he wants to give everyone else a tax cut. He would increase federal taxes from 35.9 percent to 55.2 percent on every dollar earned over $250,000.

Obama also proposes doubling the tax on dividends for these taxpayers. The problem here is that most of these $250,000-plus couples are small-business people who are creating almost all of the new jobs.

As for all those "middle-class" tax cuts, there aren't any. The bottom 40 percent of taxpayers don't pay federal income taxes. So cutting income-tax rates won't help these lower- and middle-income folks.

Obama's solution: Create and expand tax credits for these people, thereby redistributing other people's tax payments to them. This Chicago Robin Hood would take from the rich and use it to give 40 percent of Americans a check.

However, you get a check only if you are doing certain things that Obama thinks you should be doing, such as going to college, owning a home, sending your kids to day care, or buying a "clean car."
Read the full column at the newspaper's Web site.

No comments: