Pander alert — Obama and tax-free seniors

If you’re a senior citizen making less than $50K a year, Barack Obama wants you to be free of income taxes.

Absurd. It would drain billions from the Treasury, come to be seen as another entitlement for seniors, and be a relatively unneeded benefit for the age group that already has the country’s lowest poverty level.

As the story points out, if you’re a senior already making $50K, you probably own your home, and own it free and clear, meaning you have a lot less overhead to boot. Plus, you get an extra income tax deduction and your Social Security benefits aren’t fully taxed.

This is pandering with a Grade-A Shinola sheen on it.