Obama admits that raising taxes decreases revenue. He does not hide that his goal in increasing taxes on individuals and small business owners who qualify for his tax hike is emphatically not to increase tax revenue. Because a "single mom" gets taxed at a higher rate than "her boss's investments," Obama is willing to sacrifice necessary revenue in the service of what he defines as "fairness." But how is it "fair" to tax the boss's money at the same rate as the "single mom's" (or more likely, a higher rate) when the money is first earned, and then not only tax it again, but raise the second tax on it - merely because it is invested? Don't we want to encourage investment in American companies?
How is it "fair" to deprive the country of essential tax revenue needed to decrease the deficit and run all our bloated government programs (programs that only McCain is willing to reform)? Don't we want the deficit to shrink instead of grow?
And how is it "fair" to the "single mom" who relies on her job to care for her family's needs to jeopardize her employment by increasing the tax burden on her boss (who very well may be a "single mom," too)?
According to Obama, wanting to keep the money you earn (and invest it and even decide for yourself which non-profit gets your donations) is what he calls, "selfish," and the most recent figure for who will get taxed under his plan has changed to people making more than $120,000.
Obama even believes that a good way to "spread the wealth around" is to take your money and give checks to people who don't pay taxes - more than 40% of the people getting Obama's "tax relief" money pay no federal taxes at all. That's not "fair," that's "welfare" and it traps people in poverty.
This isn't "restoring fairness to the tax code." This is creating the appearance of fairness in the tax code. But it isn't honest and it isn't fair. It's class warfare - divisive and polarizing. What happened to the Obama of, "there's not a liberal America and a conservative America; there's the United States of America" fame?
I guess he's the same Obama that followed, "people don't expect government to solve all their problems" with "But..."
Dr. Pamela Zuker received her Ph.D. in Human Development and Psychology from the University of Chicago where she performed research at the National Opinion Research Center (NORC). She also holds degrees in Anthropology and Clinical Psychology, and practiced marriage, child, and family therapy before focusing on positive psychology. Her current research is on the role of meaning in adult life. She lives in the Roaring Fork Valley with her husband and two children.