Monday, September 29, 2008

Who Will Pay For It?

Micheal Reagan clearly stated what needed to be said.

There aren't enough people making $250,000 a year to finance Barack Obama's extravagant spending plans, let alone the ability to pay for the $700 billion bailout. He has to look elsewhere -- in this case the only place he can look -- to the middle class.
Like Willie Sutton, who said he robbed banks because that's where the money is, Obama is going to have go after the middle class because that's where the real tax money is.
Eliminate capital-gains taxes, cut individual and corporate tax rates to the bone, and watch the economy soar and unemployment shrink.
Don't allow boneheaded ideas like Barack Obama's plan to increase taxes at a time of economic crisis become a reality. He tells us that his tax plan would reduce the taxes of 95 percent of the American people, but doesn't say how he can give a tax break to the 40 percent of them who don't pay any income taxes at all. Since they can't get a tax refund for taxes they don't pay, he wants the people who pay taxes to send them a check.

Mr. Reagan was discussing the bailout plan and the view points of the candidates in the article titled, Let's Get It Right.

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