Ed Morrissey delves a little deeper into Comrade Obama’s economic plan I blogged about yesterday and it paints a picture of someone who wants the government to burrow itself even deeper into every aspect of your life:
Obama proposes to create a government-run savings program that provides matching funds on savings. In other words, Obama wants to collect tax money to redistribute it to savers, in a plan that works much the same as employer 401k plans. Why should the government pay people to save their money, especially outside the 401ks that work better and have much higher caps?
Do you like the IRS? Want to trust them to do your tax returns? Rather than simplify taxes, Obama instead wants to have the IRS prepare your returns for you and send them out for your signature. Since the IRS gets all of your income information already, he wants the IRS to calculate how much you owe, without apparently considering that most Americans itemize for deductions. It doesn’t cut down on preparation time in any case, but merely transfers the cost to the federal government– as well as more power to the IRS. Read the rest of this entry »
...
