"Dimitri" > wrote in message
...
>
> "Paul M. Cook" > wrote in message
> ...
>>
>>> Anyways, I think this was a pretty good demonstration of "Obamanomics"
>>> in
>>> action...I'm a big believer in "putting one's money where one's mouth
>>> is"
>>> and all that jazz...
>>
>>
>> Here's a better one per the Tax Policy Center. This is how Obama's tax
>> plan breaks down for individuals:
>>
>> $0-$18,891 = $567 tax cut
>> $18,982-$37,595 = $892 tax cut
>> $37,596-$66,354 = $1,118 tax cut
>> $66,355-$111,645 = $1,264 tax cut
>> $111,646-$160,972 = $2,135 tax cut
>> $160,973-$226,918 = $2,796 tax cut
>> $226,919-$603,402 = $121 tax increase
>> $603,403-$2.87 million = $93,709 tax increase
>> $2.87 million-plus = $542,882 tax increase
>>
>> Joe the plumber would see his taxes go down and his business receive tax
>> breaks and deductions to more than offset any additional taxes possibly
>> incurred. Dutoi the rip-off artist running a restaurant charging 60
>> bucks for dinner for two for Chinese food. With the money he gets bck
>> Greg could buy a lot of BJs.
>>
>> Paul
>
>
> There's only one problem.
>
> The President doesn't have the power to TAX.

The president sets the legislative agenda to a fairly high degree by
pressing his own initiatives. The executive writes the budgets and this is
where their clout comes into play.

> Only the congress has the power.

The president does have to power to veto tax laws, too.

> Ergo as per Penn & Teller
>
> BULL SHIT!


Technically you are right but the president sets the budget agenda and has
considerable political clout to make it happen especially when newly
elected. Just like Bush pushed through his entire tax plan in 2001 with the
exception he was forced to accept a 10 year sunset clause. That is called a
compromise and compromise is what democracy is all about. But thanks for
expressing your childish naiveté regarding civics. You have the basics down
but you simply don't seem to know how it all ties together and the
interplays that make it all work.

Elected, you can be assured Congress will pass all of Obama's tax changes.
Especially since it looks like the repugs will have their asses handed to
them on a plate come Tuesday.

Paul