Wednesday, July 20, 2011

What Obama & the Gang of Six Have Planned for You

The good news is that today a group of senators, the Gang of Six, Democrats and Republicans — I guess now Gang of Seven, because one additional Republican senator added on—put forward a proposal that is broadly consistent with the approach that I've urged.
~Barack Hussein Obama

Via Accounting Today, the Obama/Gang-of-Six or Seven plan would reduce the following tax deductions:
  • mortgage deductions
  • 401(k) plans
  • individual retirement accounts
  • charitable deductions
  • child tax credits.
Call me crazy, but it sounds to me like liberals want Americans to:
  • buy fewer houses
  • save less for their old age
  • give less to charity
  • have fewer children and poorer children.
Is this the platform of the so-called "party of the little people"--and the turncoat Republicans who have joined them? 

Gang-of-Six Democrats Dick Durbin (IL),  Kent Conrad (ND), and Mark Warner (VA)

Gang-of-Six Republicans Saxby Chambliss (GA), Mike Crapo (ID), and Tom Coburn (OK)

Must be, because President Obama says this plan is "consistent with" the approach he says he has urged.

Although I don't remember raising taxes on children, charity, savings, and housing being part of the hope and change Obama was advocating just 2 1/2 years ago.

Linked at iOwnTheWorld. Thank you, BigFurHat!

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