Comes this chart from a CNN story today. Now of course I think most of us realize you can't take these tax charts at face value. It isn't going to matter that we're paying fewer taxes if we don't have a job because a tax plan has driven small independent businesses out of business. But this really is telling, to me.
Talk about your typical socialism policy: Take the most from the ones already paying the most, and give the most to the ones already paying the least. $0.7 million in new taxes for the highest wage-earners???
The accompanying story ( http://money.cnn.com/2008/06/11/news...ion=2008061115 ) was pretty interesting. Neither candidate's tax plan would be expected to generate much in the way of new revenue. In fact, both candidates' plan could grow the deficit even further. The striking difference between the 2 candidates, of course, is that McCain has pledged to reduce spending by putting an end to pork barrel spending through earmarks (though obviously he probably isn't going to be successful since congressional earmarks are too big a cash cow for both major parties), while Obama has pledged hundreds of billions in new spending. Who's going to pay for that???
The reality is that neither candidate has put forth and earth-shattering idea to stop the free-fall of the dollar. But again I ask: Who's going to pay for the $60 billion healthcare plan, the hundreds of billions in increased aid to Africa, the billions in combatting global poverty? I don't necessarily like buzz words and labels, but let's be honest: Only a socialist would be proposing hundreds of billions in increased foreign aid at a time when we already have a huge deficit, a constantly declining dollar and are on the brink of recession.
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Politics, it seems to me, all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour
"śPresidential candidates John McCain and Barack Obama would both cut taxes for the majority of Americans, with Sen., McCain, the Republican contender, awarding the biggest cut to the richest Americans and Sen. Obama, the Democrat, favoring those at the bottom of the income scale, according to an analysis of the candidates"™ plans released Wednesday.
The study by the Tax Policy Center, a joint venture of Washington think tanks the Urban Institute and the Brookings Institution, found that both candidates"™ plans would also significantly boost the federal debt."ť
Associated Press
John McCain makes remarks during a campaign event in Philadelphia Wednesday.
"The study by the Tax Policy Center, a joint venture of Washington think tanks the Urban Institute and the Brookings Institution, found that both candidates' plans would also significantly boost the federal debt. The plan offered by Sen. Obama would add $3.3 trillion to the national debt over the next 10 years and Sen. McCain's plan would add $4.5 trillion."
is there something we didn't know here. obama wants to help the common every day guy and mc cain wants to help out the rich folks like himself. ask yourself who needs a little tax relief more, poor people, or rich people who can afford to pay taxes?
i guess it shouldn't be a surprise that mc cains plan adds even more to the national debt either, after what g.w. has done. if republicans are good at one thing it's ringing up a massive debt.
is there something we didn't know here. obama wants to help the common every day guy and mc cain wants to help out the rich folks like himself. ask yourself who needs a little tax relief more, poor people, or rich people who can afford to pay taxes?
Obama isn't planning on helping the everyday guy. He plans on raising everyones taxes. 1st the Bush tax cuts (brought record amounts into the treasury) he would let expire. That raises everyone. Sure he may try to target some tax cuts but right now he's only been talking a 1000 tax credit. Next he going to ruin investing in any new jobs by drastically raising capital gains. When the evidence was presented to him that this would decrease revenue to the government, he admitted it wasn't about the revenue, it was about making it fair. Next he is planning on raising coporate taxes. Corporations don't pay taxes, we the people pay the taxes and this will hit the poor very hard. Any tax break he is planning on giving the poor will be sucked back in by raising the corporate tax. Corporations will pass that along in higher prices or just locate somewhere else where the taxes are lower.
FYI Beau and HH. Do you think fuel prices are too high? Do you think they are hurting the poor? Obama thinks the prices are just fine except they rose too quickly. Sure doesn't sound like someone who cares about the poor does it?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
"he plans on raising everyone's taxes". can you read? did you look at the chart? it looked to me like everyone below 227,000 will pay less. i guess you see it differently, through republican colored glasses i guess.
"he plans on raising everyone's taxes". can you read? did you look at the chart? it looked to me like everyone below 227,000 will pay less. i guess you see it differently, through republican colored glasses i guess.
I thought I spelled it out for you. Obama is going to raise capital gains? Whos is going to pay for that? The poor through less jobs and higher prices.
He is also going to raise corporate taxes. Who pays corporate taxes? We the public pay them not corporations. It's a hidden tax on us through higher goods and services. This will suck up any tax brack Obama is planning to give to the poor. It will take more out of their pay check and it will also cost them jobs.
Is this what you want?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
guess it shouldn't be a surprise that mc cains plan adds even more to the national debt either, after what g.w. has done. if republicans are good at one thing it's ringing up a massive debt.
Bush never learned how to use the Veto pen when your compadres loaded up bills with Pork. We still lag far behind the Democrats in cooking up tax schemes. You guys are it in that area the best of the best
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"Banning guns is an idea whose time has come."
- Joseph Biden
Associated Press 11/18/93
"Be thankful that we're not getting all the government we are paying for." Will Rogers
guess it shouldn't be a surprise that mc cains plan adds even more to the national debt either, after what g.w. has done. if republicans are good at one thing it's ringing up a massive debt.
Bush never learned how to use the Veto pen when your compadres loaded up bills with Pork. We still lag far behind the Democrats in cooking up tax schemes. You guys are it in that area the best of the best
McCain has promised to veto any bill that contains earmarks. That is a good add on to Bush's executive order telling his folks under him they aren't allowed to spend any earmarks that were added after his signiture and never voted on. I can't wait until Obama has to answer the question whether or not he would liet Bush's executive order stand or not. I'm pretty sure we already know McCains answer.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Obama taxes vs. McCain taxes
