Obama's tax cut for 95%: mostly yes, but...

Obama's proposal would extend a variety of refundable income tax credits for those who fulfill certain conditions.

The credits would be applied to income taxes, but in effect, would be compensating for the imposition of payroll taxes on income.

This is wonderful in one sense: it addresses the oppressive burden of payroll taxes. But it does so by going through some back doors rather than dealing with the problem directly.

I wish politicians had the compassion to deal with this issue as well as the courage to do it properly-- instead of ignoring it (the norm) or cobbling together a piecemeal, highly-arbitrary solution (like Obama has proposed).