The Ranting Kraut

19.3.2006 – 27.9.2010

The Economist on Obama

Posted by rantingkraut on October 16, 2008

“...his real sleight-of-hand is to count handouts administered through the tax code as “tax cuts”. You might think that a tax cut means keeping more of what you earn. The way Mr Obama uses the phrase, however, it can also mean being given a chunk of money that someone else has earned. That is how he is able to offer “tax cuts” to “95% of Americans” when about a third of American households already pay no federal income tax.

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