The Barak Obama Agenda – Part II

This is Part II of the Barak Obama plan. I’m not covering his whole plan for America, just the parts I have problems with philosophically.

Issue #3 Tax Relief for Working People

Provide a Tax Cut for Working Families: Obama and Biden will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama and Biden will create a new “Making Work Pay” tax credit of up to $500 per person, or $1,000 per working family. The “Making Work Pay” tax credit will completely eliminate income taxes for 10 million Americans.

Problem

How can we actually do this and who is considered a “Working Family”. According to the IRS, those families making a mere $30,000 per year are in the top 50% of income earners. So…who’s paying the freight on this tax credit. Seems unfair to me, but who am I?
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Issue #4 – Simplify Tax Filings

Simplify Tax Filings for Middle Class Americans: Obama and Biden will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama and Biden will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. Experts estimate that the Obama-Biden proposal will save Americans up to 200 million total hours of work and aggravation and up to $2 billion in tax preparer fees.

Problem

How about doing away with the IRS altogether? Seems to me that agency is a drag on the system and a Flat Tax or a Fair Tax would be much more Fair to all, not just a small group of people.
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Issue #5 – Amend NAFTA

Amend the North American Free Trade Agreement: Obama and Biden believe that NAFTA and its potential were oversold to the American people. They will work with the leaders of Canada and Mexico to fix NAFTA so that it works for American workers.

Problem

I wonder how the Canadians and Mexicans will view this? Seems to me that it works as it was supposed to – good produced in these countries are able to be traded without the other impediments that other countries are subjected to.

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Issue #6 – Patriot Corporations

Reward Companies that Support American Workers: Barack Obama introduced the Patriot Employer Act of 2007 with Senators Richard Durbin (D-IL) and Sherrod Brown (D-OH) to reward companies that create good jobs with good benefits for American workers. The legislation would provide a tax credit to companies that maintain or increase the number of full-time workers in America relative to those outside the US; maintain their corporate headquarters in America if it has ever been in America; pay decent wages; prepare workers for retirement; provide health insurance; and support employees who serve in the military.

Problem

Why should be dictate where a company is located? Seems very isolationist to me. Let the free market decide where a product will be produced, where it will be sold, etc. If a company wants to provide benefits, that is up to them. It’s an incentive to get the best worker – not a right of the individual. Also, what the heck is a “decent wage”? Kind of opened ended.

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Of course, that’s just my opinion

Rob’s Rant

Source: http://www.barackobama.com/issues/economy/index.php

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