http://www.washingtonpost.com/wp-dyn/content/article/2009/01/05/AR2009010502752.html
There has been a considerable amount of buzz in the media about the President-Elect Barack Obama's forthcoming stimulas package and the inclusion of some $300 Billion Dollars in so-called tax cuts.
His positions during the campaign on "tax cuts" should be cause for worry on this front, and smart observers will pay close attention to the details of the plan and not just the talking points.
For starters, a tax cut is only a tax cut if the person receiving the tax cut is already paying taxes. Otherwise, it's just another form of welfare. Part of President-Elect Obama's plan has always been to take tax revenue from those paying taxes and give it to those who do not pay taxes. His so-called "tax cuts" are mostly targeted toward those people who already pay very little to no taxes.
To give him credit, the President-Elect Obama is discussing cutting business taxes, and that part of his plan needs to be discussed and thought through a bit more. There may be some good there.
But, in general, President-Elect Obama's tax cut philosophy will always be centered around the idea that your money belongs to the government, and only through redistributionist policies will the government determine who gets how much back. This is accomplished through tax credits and other incentives that first require the government to collect the money.
This is a big difference between traditional conservatives and big government liberals (both Democrat and Republican). Conservatives argue that it's our money (private property rights are paramount), and that the government has a very short list of enumerated powers granted to them by the States through the Constitution for collecting and spending our money.