Obama Tweaks Tax Plan to Rebut McCain

[OrangeEmpire]

Political Radar: Obama Tweaks Tax Plan to Rebut McCain

ABC News' Teddy Davis, Hope Ditto, Arnab Datta, and Ferdous Alfaruque Report:
Facing criticism from John McCain that his tax plan constitutes "welfare," Barack Obama recently added a work requirement to one of his proposals.
"They started saying this was welfare," said Obama adviser Austan Goolsbee. "So, just so they would absolutely not be able to say that, we decided that for the last two percent we'll simply add a work requirement."
Goolsbee discussed the change to Obama's universal mortgage credit while debating McCain adviser Douglas Holtz-Eakin at the Council on Foreign Relations on Tuesday.
The purpose of Obama's 10 percent universal mortgage credit is to aid taxpayers who do not itemize when filing taxes. The Obama campaign estimates that it would provide an average of $500 to 10 million homeowners, the majority of whom earn less than $50,000 per year.

Thoughts?

 

[droski]

if you make less than 50K a year as a household should you really be buying a home?

 

[JZVOL]

Good to see he changes so his opponents can't criticize him.

 

[rjd970]

if you make less than 50K a year as a household should you really be buying a home?

Depends on the home, interest rate, and length of loan.

But generally speaking, I wouldn't.

 

[OrangeEmpire]

if you make less than 50K a year as a household should you really be buying a home?

I guess it depends on where you live.

 

[onevolfan]

if you make less than 50K a year as a household should you really be buying a home?

It doesn't say as a household. It says homeowner. I owned a home when I made way less than $50,000 per year, and made it fine.

 

[BigPapaVol]

A flippant change to technically make it unassailable.

That's why I can tell every one of you that Obama's tax plan is an utter sham and his knowledge of anything economic essentially 0.

 

[MG1968]

A flippant change to technically make it unassailable.

That's why I can tell every one of you that Obama's tax plan is an utter sham and his knowledge of anything economic essentially 0.

but, he went to Harvard.

 

[volinbham]

A flippant change to technically make it unassailable.

That's why I can tell every one of you that Obama's tax plan is an utter sham and his knowledge of anything economic essentially 0.

Dead on.

 

[T-TownVol]

A flippant change to technically make it unassailable.

That's why I can tell every one of you that Obama's tax plan is an utter sham and his knowledge of anything economic essentially 0.

But he CARES!

 

[UT IE 95]

Good to see he changes so his opponents can't criticize him.

I welcome someone that's open to change when needed, versus stubbornly staying the wrong course.

 

[volinbham]

I welcome someone that's open to change when needed, versus stubbornly staying the wrong course.

It's not material change - it was done to eliminate a talking point for the other side. It's cynical as all get out -- is that what you welcome?

 

[superdave1984]

Better go stock up on lube.

 

[jcwvolfan]

if you make less than 50K a year as a household should you really be buying a home?

I guess it depends on where you live.

Exactly OE. For example 50k in Knoxville = 85k in metro LA.

 

[superdave1984]

Exactly OE. For example 50k in Knoxville = 85k in metro LA.

However, a $100,000 house in LA is a tent. In Knoxville you can get a decent house.

 

[TennTradition]

but, he went to Harvard.

Now, that's funny.