Several thousand people showed up on the front lawn of the California State Capitol, for speeches and appearances by several talk radio hosts, Neil Cavuto of Fox News, and Michelle Malkin.
The photo to the right is Attorney Robert Schell, from Jackson, Ca who drove fifty miles to join the Tea Party in Sacramento. He wore a cape of feathers, reminiscent of the disguises worn by the Boston Tea Party tax protesters in 1773.
There were some 700 Tea Party demonstrations today, in every state of the nation.
President Obama, doubting the tea parties had any connection with his policies, responded with a campaign style statement to reporters about his so-called “tax cut.”
Make no mistake: this tax cut will reach 120 million families and put $120 billion directly into their pockets, and it includes the most American workers ever to get a tax cut…This tax cut also keeps a fundamental promise: that Americans who work hard should be able to make a decent living.’
The President was not referring to a real tax cut as most people understand the term. Indeed this is another example of his systematically targeting the uninformed with deceptive claims and misleading assertions.
Included in the so-called “stimulus package” that passed Congress on February 13, was a “refundable tax credit.” In IRS jargon “refundable” means everyone who meets certain criteria receives the cash from the IRS, even if it exceeds their entire tax obligation for the year, even if their obligation was zero, even if they received other refundable credits.
Approximately half of us pay $0 income tax but we will still receive $400 per individual or $800 per married couple under Obama’s new program. Some 23 million people already receive another refundable tax credit called the “Earned Income Credit” (EIC), averaging $2400. Almost all of them owe $0 income tax before they receive the EIC, which is in effect, a cash grant from other tax payers. They will now receive an additional $400 or $800 under Obama’s new refundable tax credit that he deceptively calls a “tax cut.”
The last part of Obama’s statement, that $800 cash per year from the government “keeps a fundamental promise that Americans who work hard should be able to make a decent living,” is of course, absurd. Does the President really expect us to agree with the notion that $800 per year is enough to assure that everyone makes “a decent living”?