
Taxes Still a Great Republican Issue
Dick Morris had a piece in the New York Post saying Obama’s stimulus proposal will hurt the GOP politically. Only three percent of all federal income tax payments come from the poorest half of the country, and the Obama plan will funnel more than $50 billion to the lowest half of the country, thereby wiping out any remaining federal tax liability. In most cases, it would trigger a “refund” welfare check. Morris thinks blue collar Americans will no longer be receptive to the message of tax cuts after the Obama stimulus gets delivered. I disagree.
Morris is missing the point that the working people pay far more in other government fees and taxes than they do in income taxes. The Bush tax cuts already took millions of lower income people completely off the tax roll. Those cuts now make it easier to focus on how much a typical lower or middle income American gets withheld out of every paycheck through payroll and other taxes. The proposed Obama tax credit giveaway probably just covers social security taxes for working people.
I agree with Morris that GOP-inspired tax revolts of the… Read More