@allfreechips 183822 wrote:
I dont recall bill sending checks to people who dont pay income tax paid for by people that do? send me a link please
Well here are a few links for ya. :hattip:
Mr. Obama apparently opened himself to the charge by proposing to let the temporary tax cuts passed under President Bush expire on schedule after 2010 — but only for individuals making more than $200,000, or families making more than $250,000. His plan would raise the top two tax brackets from 33 percent and 35 percent to 35 percent and 39.6 percent, respectively. Those higher rates are the ones in effect during the 1990s, a decade of robust capitalism, not socialism.
“I’m not giving tax cuts to folks who don’t work, I’m giving tax cuts to people who do work. John McCain is so out of touch with the struggles you are facing that he must be the first politician in history to call a tax cut for working people ‘welfare.'”
It is true that the Obama refundable tax credits plan does benefit people who are not paying federal income taxes. But, Obama’s tax credits go to people who pay payroll taxes, even if they are too low-income to pay federal income taxes. The Obama campaign says most working people pay more in payroll taxes than income tax.
“The only ‘welfare’ in this campaign is John McCain’s plan to give another $200 billion in tax cuts to the wealthiest corporations in America – including $4 billion in tax breaks to big oil companies that ran up record profits under George Bush,” Obama continued, “That’s who John McCain is fighting for.”