Amataelia

I think he's Obama-girl in disguise tbh.

Ladred

http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf

That is the actual tax plan. How about you discuss that instead of someone's biased opinion on it. The op-ed took some of the highlights in the plan and added some unneeded rhetoric. So, look at the plan and poke holes in it.

I'm not a big fan of McCain's plan either. I'm a supporter of Fair Tax and getting rid of the illegal federal income tax, so I look at both plans with an equally critical eye.

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Ladred

Okay, I'll start...

How exactly is he going to regulate this. Sounds like an expensive federal plan that I can see being taken advantage of. How many classes must you take, do you have to keep a certain gpa, will part time college students get the money? How will the government keep track of every student getting this benefit, and if they aren't somehow taking advantage of the system. Its a lofty proposition, but I think it'll cost more than it'll benefit, and we don't need another 'process' like that.

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Krontak

My avatar has a gay man crush on Obama tbh.

Thundaarr

Sounds almost like how P.E.L. grants are now....you think those are bad?

Krontak

I'd assume this would be claimed on your tax returns just like any other tax credit claims. Much of the deductions and credits work on a faith based assumption people don't falsify their taxes. In the event tax fraud is suspected, the IRS investigates. I don't see this as any new process.

And, since when did putting more of peoples tax dollars into consumers hands turn into a bad thing. Not only has Obama's cuts for seniors been attacked, now other instances of his tax cuts are being attacked.

It's like he can't win either way. If he provides taxes to people he's causing a deficit, if he raises or removes the tax breaks, he's a tax and spend liberal.

It's really a no win from someones perspective no matter what his position is.

But, when his tax credits and further tax exemptions benefit approximately 90% of the U.S., it looks like a no brainer for me tbh.

Ladred

A grant and a tax rebate are two different things. Like I said, the idea is lofty and I think its a good idea, I just think implementing it in our current tax code would be a nightmare, and the cost would outweigh the benefits.

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Deson

Wait, so you don't have the economic chops to properly discuss Obama's plan? Funny that, neither do I really. All I can do is look at it as I would a household budget and in that case all I can see is a lot more money going out than coming in. Obama can't win either way because both ideas are bad. The senior pln is a gimmick pure and simple- especially with more and more seniors continuing to work. The other prominent tax issue from recent weeks is the windfall tax, almost always a bad idea.

Anyhow, found a decent article-- washingtonpost.com

Still looking for better qualified opinions than my own.

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Ladred

Isn't this just a fancy way of funneling money to the mortgage brokers at the expense of our federal government? I could be wrong, and will admit to my ignorance up front if that is the case, but if the government is giving back money that people have already paid to offset mortgage interest payments then isn't that promoting the interest rates that some brokerage firms have inflated?

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Deson

While reading the Obama tax plan something stuck out to me

Proof? I don't recall any such leadership on his part beyond rhetoric.

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