Depends on what the meaning of tax cut "is"
By McCainiac
Obama has a tax cut calculator on his web site in a not so veiled attempt to buy the votes of everyone making less than $250,000. I actually saw an ad for it on Drudge (see below).
Remember Bill Clinton's tax cut for the middle class?
The tax cut he promised the middle class on the campaign trail in 1992?
The tax cut that I and everyone else in the middle class never received during Clinton's eight years as President?
Remember this... George W. Bush cut taxes for ALL taxpaying Americans. Maybe you don't feel you deserved a tax cut, but you got one.
Question: Who was the last Democrat President to cut income tax rates for the middle class?
Answer: John F. Kennedy
Just like Bush, JFK cut taxes for ALL taxpaying Americans. But as McCain pointed out, Bush did NOT pay for his tax cuts with a decrease in spending, something a McCain administration would insist on.
So believe Obama when he says the rich will pay more taxes. They will.
When Obama promises the middle class a tax cut, remember that the man who wasn't sure of the meaning of the word "is" broke that promise and so will Obama.
Just like Clinton, you can count on "targeted tax cuts" for good behavior as defined by the federal government. But if you're counting on a cut on your marginal rate, you're making a fool's bet by betting on Obama.
Obama is no Jack Kennedy. Not even close.
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