It's all very thoroughly explained on his website.pk500 wrote:
That's what struck me the most about his speech last Thursday. Yes, it was uplifting. Yes, it was intelligent. Yes, it was beautiful oratory.
But when he entered the "laundry list" segment of the speech, outlining every program he was going to accomplish during his term, two thoughts immediately entered my mind:
1. How will he pay for this while still cutting taxes for the middle class, as he promised?

I thought the few lines that Fred Thompson directed at Obama's tax promises were among the highlights from his speech last night...although I could really do without both sides characterizing every tax hike or cut as the largest in history. As the economy grows so does the size of every hike or cut. It gets tiresome. But still, his main point is effectively made. It's even better if you see the delivery, which was deft.
We need a President who understands that you don't make citizens prosperous by making Washington richer, and you don't lift an economic downturn by imposing one of the largest tax increases in American history.
Now our opponents tell you not to worry about their tax increases.
They tell you they are not going to tax your family.
No, they're just going to tax "businesses"! So unless you buy something from a "business", like groceries or clothes or gasoline ... or unless you get a paycheck from a big or a small "business", don't worry ... it's not going to affect you...
They say they are not going to take any water out of your side of the bucket, just the "other" side of the bucket! That's their idea of tax reform.