Wednesday, October 22, 2008

Obama: Is This the Change You Counted On?

Sen. Barck Obama has not won the presidency and he is already changing his tax plan.

Obama has promised large tax cuts and tax credits to help the less-fortunate by increasing taxes on the "wealthy."

However, it seems that Obama is ready, willing, and able to change his tax plan to reduce the number of people on the receiving end. Specifically, Obama has changed the requirements for eligibility in his $13 billion-a-year Universal Mortgage Credit.

From the Obama website:
Obama and Biden will create a 10 percent universal mortgage credit to provide homeowners who do not itemize tax relief. This credit will provide an average of $500 to 10 million homeowners, the majority of whom earn less than $50,000 per year.

Apparently, Obama is now requiring recipients of the tax credit to have worked "sometime in the last year."

Why, according to Obama adviser Austan Goolsbee, did Obama add a work-requirement to the tax credit? Because it was the right thing to do? So that the credit would be more fair? So that the credit did not reward people for not working?

Well, not exaclty:

"(McCain) started saying this was welfare," said Goolsbee. "So, just so they would absolutely not be able to say that, we decided that...we'll simply add a work requirement."

Because McCain was criticizing him, Obama changed the plan, affecting millions of people. Wow...

True leadership on display.

But wait! Not so fast! The work-requirement was always there, says Goolsbee:

"Our thing has never been welfare. It was always our intention that there was a work requirement."

You see, they always planned to require recipients to work, but just never told us.

Just what other "change" has Obama not told us about?

When you consider Omaba's plan to cut taxes for "95% of all Americans," keep this in mind. That number will certainly "change" and it won't go higher, that's a promise.

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