Obama
09-05-2008, 09:37 AM
#16
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We cant do that... war cost money, oh wait... gw bush did cut spending.. on body armor and armor plating for humvies .. sorry forgot
09-05-2008, 09:39 AM
#17
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correct me if I am wrong, but I do not think that GW said "get rid of the armor for our troops". I am pretty sure it was some *** clown in the military at some other level that made the decision.
09-05-2008, 09:44 AM
#18
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seems like congress halted all spending on new equipment to me
http://www.politico.com/news/stories/0207/2852.html
http://www.politico.com/news/stories/0207/2852.html
09-05-2008, 09:50 AM
#19
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Damn dude that sucks..... I really wish that this country would send the best stuff and on time when we go to war. Starting a war then half *** surporting it is really f'n stupid!
Budget wars just do not work.
Budget wars just do not work.
09-05-2008, 11:39 AM
#21
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Except not.
http://www.taxpolicycenter.org/
or
http://www.taxfoundation.org/candidates08/compare/
There is no "taxing the living **** out of everyone" with his plan. For the vast majority of Americans, taxes will actually be lower or at the very least the same as they have been for the last 8 years. The real tax increases are for the top 5% of Americans, and these tax increases are, IMHO, not unreasonable. (33% bracket -> 36%, 35% bracket to 39-40%). These levels are similar to those Clinton passed with a republican majority in Congress in 1993!
I will agree that he has a few problems with his policy (windfall tax on oil companies, and his proposed estate tax is WAY too high) but I don't think that you can say that he wants to tax the living **** out of everyone. Obama does represent a different kind of democrat, and I truly believe that he is not a member of the "spend more, tax more" old school liberals.
While I firmly believe that we need to cut spending, neither candidate is proposing anything that will significantly cut spending. If you look at the tax policy center's report, you will see that McCain's proposals still will increase spending considerably, and increase the deficit by a much larger margin than Obama. I would love to support McCain's tax cuts right now, but it is illogical to cut taxes at a time when spending is out of control. Something has to give. Lower spending or increase taxes. And since neither candidate proposes significant spending cuts, it is time to raise taxes. We cannot continue funding our country and our wars with foreign dollars.
Cheers
-Jeff
http://www.taxpolicycenter.org/
or
http://www.taxfoundation.org/candidates08/compare/
There is no "taxing the living **** out of everyone" with his plan. For the vast majority of Americans, taxes will actually be lower or at the very least the same as they have been for the last 8 years. The real tax increases are for the top 5% of Americans, and these tax increases are, IMHO, not unreasonable. (33% bracket -> 36%, 35% bracket to 39-40%). These levels are similar to those Clinton passed with a republican majority in Congress in 1993!
I will agree that he has a few problems with his policy (windfall tax on oil companies, and his proposed estate tax is WAY too high) but I don't think that you can say that he wants to tax the living **** out of everyone. Obama does represent a different kind of democrat, and I truly believe that he is not a member of the "spend more, tax more" old school liberals.
While I firmly believe that we need to cut spending, neither candidate is proposing anything that will significantly cut spending. If you look at the tax policy center's report, you will see that McCain's proposals still will increase spending considerably, and increase the deficit by a much larger margin than Obama. I would love to support McCain's tax cuts right now, but it is illogical to cut taxes at a time when spending is out of control. Something has to give. Lower spending or increase taxes. And since neither candidate proposes significant spending cuts, it is time to raise taxes. We cannot continue funding our country and our wars with foreign dollars.
Cheers
-Jeff
09-05-2008, 11:45 AM
#22
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More:
http://www.time.com/time/politics/ar...826219,00.html
Or even better!
http://www.nytimes.com/2008/08/24/ma...anomics-t.html
http://www.time.com/time/politics/ar...826219,00.html
So what is a concerned voter to do? One good way to measure the fiscal responsibility of a candidate's plan is to compare the total amount of government revenue from taxes they plan to raise against the gross domestic product, which is the sum total of the nation's economic activity. According to congressional accountants, the Federal Government spent about 20% of the GDP in 2007, while taking in 18.8% of the GDP in taxes. The difference between spending and tax receipts — about $162 billion — was the budget deficit.
According to the Tax Policy Center, neither Obama nor McCain has laid out plans to close the budget deficit over the next 10 years under current spending regimes. Not counting health proposals, the McCain plan would collect about 17.9% of GDP through taxes. The Obama plan would collect about 18.4%. For comparison, congressional accountants predict that, under current law, the Federal Government is projected to spend about 19.7% of GDP in the same time period, meaning both McCain and Obama would run deficits — 1.8% and 1.3% of GDP, respectively — without significant cuts in federal spending or surprising growth in the economy.
According to the Tax Policy Center, neither Obama nor McCain has laid out plans to close the budget deficit over the next 10 years under current spending regimes. Not counting health proposals, the McCain plan would collect about 17.9% of GDP through taxes. The Obama plan would collect about 18.4%. For comparison, congressional accountants predict that, under current law, the Federal Government is projected to spend about 19.7% of GDP in the same time period, meaning both McCain and Obama would run deficits — 1.8% and 1.3% of GDP, respectively — without significant cuts in federal spending or surprising growth in the economy.
http://www.nytimes.com/2008/08/24/ma...anomics-t.html
Last edited by Magish; 09-05-2008 at 11:49 AM.
09-05-2008, 11:46 AM
#23
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Except not.
http://www.taxpolicycenter.org/
or
http://www.taxfoundation.org/candidates08/compare/
There is no "taxing the living **** out of everyone" with his plan. For the vast majority of Americans, taxes will actually be lower or at the very least the same as they have been for the last 8 years. The real tax increases are for the top 5% of Americans, and these tax increases are, IMHO, not unreasonable. (33% bracket -> 36%, 35% bracket to 39-40%). These levels are similar to those Clinton passed with a republican majority in Congress in 1993!
I will agree that he has a few problems with his policy (windfall tax on oil companies, and his proposed estate tax is WAY too high) but I don't think that you can say that he wants to tax the living **** out of everyone. Obama does represent a different kind of democrat, and I truly believe that he is not a member of the "spend more, tax more" old school liberals.
While I firmly believe that we need to cut spending, neither candidate is proposing anything that will significantly cut spending. If you look at the tax policy center's report, you will see that McCain's proposals still will increase spending considerably, and increase the deficit by a much larger margin than Obama. I would love to support McCain's tax cuts right now, but it is illogical to cut taxes at a time when spending is out of control. Something has to give. Lower spending or increase taxes. And since neither candidate proposes significant spending cuts, it is time to raise taxes. We cannot continue funding our country and our wars with foreign dollars.
Cheers
-Jeff
http://www.taxpolicycenter.org/
or
http://www.taxfoundation.org/candidates08/compare/
There is no "taxing the living **** out of everyone" with his plan. For the vast majority of Americans, taxes will actually be lower or at the very least the same as they have been for the last 8 years. The real tax increases are for the top 5% of Americans, and these tax increases are, IMHO, not unreasonable. (33% bracket -> 36%, 35% bracket to 39-40%). These levels are similar to those Clinton passed with a republican majority in Congress in 1993!
I will agree that he has a few problems with his policy (windfall tax on oil companies, and his proposed estate tax is WAY too high) but I don't think that you can say that he wants to tax the living **** out of everyone. Obama does represent a different kind of democrat, and I truly believe that he is not a member of the "spend more, tax more" old school liberals.
While I firmly believe that we need to cut spending, neither candidate is proposing anything that will significantly cut spending. If you look at the tax policy center's report, you will see that McCain's proposals still will increase spending considerably, and increase the deficit by a much larger margin than Obama. I would love to support McCain's tax cuts right now, but it is illogical to cut taxes at a time when spending is out of control. Something has to give. Lower spending or increase taxes. And since neither candidate proposes significant spending cuts, it is time to raise taxes. We cannot continue funding our country and our wars with foreign dollars.
Cheers
-Jeff
SIMPLE MATH:
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
Favors new drilling offshore US
JOHN McCain : Yes
BARACK OBAMA:No
Will appoint judges who interpret the law not make it
JOHN McCain :Yes
BARACK OBAMA:No
Served in the US Armed Forces
JOHN McCain : Yes
BARACK OBAMA:No
Amount of time served in the US Senate
JOHN McCain :22 YEARS
BARACK OBAMA:173 DAYS
Will institute a socialized national health care plan
JOHN McCain :No
BARACK OBAMA:Yes
Supports abortion throughout the pregnancy
JOHN McCain :No
BARACK OBAMA:Yes
Would pull troops out of Iraq immediately
JOHN McCain :No
BARACK OBAMA:Yes
Supports gun ownership rights
JOHN McCain :Yes
BARACK OBAMA:No
Supports homosexual marriage
JOHN McCain :No
BARACK OBAMA:Yes
Proposed programs will mean a huge tax increase
JOHN McCain :No
BARACK OBAMA:Yes
Voted against making English the official language
JOHN McCain :No
BARACK OBAMA:Yes
Voted to give Social Security benefits to illegals
JOHN McCain :No
BARACK OBAMA:Yes
CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.
OBAMA
28% on profit from ALL home sales. (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.)
DIVIDEND TAX
MCCAIN
15% (no change)
OBAMA
39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')
INCOME TAX
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
OBAMA (reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
Under Obama, your taxes could almost double!
INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes.
NEW TAXES PROPOSED BY OBAMA
New government taxes proposed on homes that are more than 2400 square feet. New gasoline taxes (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least....New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
You can verify the above at the following web sites:
http://money.cnn.com/news/specials/e...008/index.html
http://www.cnn.com/ELECTION/2008/iss...ues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/p..._on_taxes.html
http://blog.washingtonpost.com/fact-.../barack_obama/
http://blog.washingtonpost.com/fact-...s/john_mccain/
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
Favors new drilling offshore US
JOHN McCain : Yes
BARACK OBAMA:No
Will appoint judges who interpret the law not make it
JOHN McCain :Yes
BARACK OBAMA:No
Served in the US Armed Forces
JOHN McCain : Yes
BARACK OBAMA:No
Amount of time served in the US Senate
JOHN McCain :22 YEARS
BARACK OBAMA:173 DAYS
Will institute a socialized national health care plan
JOHN McCain :No
BARACK OBAMA:Yes
Supports abortion throughout the pregnancy
JOHN McCain :No
BARACK OBAMA:Yes
Would pull troops out of Iraq immediately
JOHN McCain :No
BARACK OBAMA:Yes
Supports gun ownership rights
JOHN McCain :Yes
BARACK OBAMA:No
Supports homosexual marriage
JOHN McCain :No
BARACK OBAMA:Yes
Proposed programs will mean a huge tax increase
JOHN McCain :No
BARACK OBAMA:Yes
Voted against making English the official language
JOHN McCain :No
BARACK OBAMA:Yes
Voted to give Social Security benefits to illegals
JOHN McCain :No
BARACK OBAMA:Yes
CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.
OBAMA
28% on profit from ALL home sales. (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.)
DIVIDEND TAX
MCCAIN
15% (no change)
OBAMA
39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')
INCOME TAX
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
OBAMA (reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
Under Obama, your taxes could almost double!
INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes.
NEW TAXES PROPOSED BY OBAMA
New government taxes proposed on homes that are more than 2400 square feet. New gasoline taxes (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least....New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
You can verify the above at the following web sites:
http://money.cnn.com/news/specials/e...008/index.html
http://www.cnn.com/ELECTION/2008/iss...ues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/p..._on_taxes.html
http://blog.washingtonpost.com/fact-.../barack_obama/
http://blog.washingtonpost.com/fact-...s/john_mccain/
09-05-2008, 12:30 PM
#26
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Lets break this down...
I will gladly find McCain's positions as well, but really I would just like to demonstrate the sillyness of this.
EDIT: I have broken this down myself, but here is a great analysis by a NON PARTISAN group showing this is bull****
http://www.factcheck.org/askfactchec...fits_if_i.html
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
Not necessarily true,
[qhttp://blog.washingtonpost.com/the-trail/2008/08/01/obama_opens_the_door_to_offsho.html
While Obama does not support offshore drilling to the extent John McCain does, he has come to accept that there is a need and desire for more offshore drilling. There are a lot of economic reasons why this is retarded, but I won't go into them.
Seriously? Have you looked at the Scalia or Alito's voting record recently? This is bull****. While there are many "activist judges", they come from both sides. To say that there are only liberal activist judges is idiotic
And?
This is quite misguided. For McCain's figure, they use a (wrong) number about how long he has been a senator, which is actually 21.5 years (Jan 1987 to present). If we use the same logic for Obama, he has been a senator for 3.5 years (Jan 2005 to present). 173 days is the number of work days he has logged. Still way less than McCain, but these figures are misguided.
This is a massive over generalization. Here is a side by side analysis of their healthcare plans
http://www.health08.org/sidebyside_results.cfm?c=5&c=16
It is right there, and will take anyone about 5mins to read. Also, read the Tax Policy Center's report because it does a great job of outlining the costs of both proposals, (McCains will still cost us 1.3trillion over 10 years)
No, again way oversimplyfying the issue: Here is from the pew institute:
http://pewforum.org/religion08/compa...Issue=Abortion
Again, way over simplified.
http://www.barackobama.com/issues/iraq/
Read.
Honestly, I don't know/care about this issue so I'll leave this up to you to find out on your own.
And the problem is?
READ WHAT I ****ING POSTED. taxpolicycenter.org. Non partisan, read it.
Does this really matter right now? I couldn't care less. If this is what you are basing your vote on, then I feel sorry for you.
http://www.snopes.com/politics/immig...alsecurity.asp
I couldn't find any info to confirm or deny this, for either candidate. Please elaborate if you can.
That is completely and entirely wrong. Shockingly wrong really. Again, read the tax policy center's report. The new dividend rate under obama would be 20-28%, with considerable exceptions and creditis for IRA's, retirement accouts, and college funds. Please, read the report.
Again, this is completely wrong. Obama does not want to go to pre-Bush tax cut levels, except for the top 5% This is bull****. For every single example mentioned here, they would continue to have the same, or lower taxes than they currently enjoy. The only difference would be for those who make more than ~$250,000 per year. Read his proposals, read the tax policy center's report and you will see this is entirely false.
Also wrong, look at the report or FactCheck.org
McCain: 15% on inheritance over 5million
Obama: 45% (kind of crazy, I believe) on inheritance over $3.5million
Honestly? You say *sigh* and bring out this ****? Think for yourself, get your own information, and stop relying on bull**** chain emails. You say a lot of intelligent things in t3h politics forum, but this is dumb.
I will gladly find McCain's positions as well, but really I would just like to demonstrate the sillyness of this.
EDIT: I have broken this down myself, but here is a great analysis by a NON PARTISAN group showing this is bull****
http://www.factcheck.org/askfactchec...fits_if_i.html
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
Favors new drilling offshore US
JOHN McCain : Yes
BARACK OBAMA:No
JOHN McCain : Yes
BARACK OBAMA:No
[qhttp://blog.washingtonpost.com/the-trail/2008/08/01/obama_opens_the_door_to_offsho.html
While Obama does not support offshore drilling to the extent John McCain does, he has come to accept that there is a need and desire for more offshore drilling. There are a lot of economic reasons why this is retarded, but I won't go into them.
Will appoint judges who interpret the law not make it
JOHN McCain :Yes
BARACK OBAMA:No
JOHN McCain :Yes
BARACK OBAMA:No
Served in the US Armed Forces
JOHN McCain : Yes
BARACK OBAMA:No
JOHN McCain : Yes
BARACK OBAMA:No
Amount of time served in the US Senate
JOHN McCain :22 YEARS
BARACK OBAMA:173 DAYS
JOHN McCain :22 YEARS
BARACK OBAMA:173 DAYS
Will institute a socialized national health care plan
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
http://www.health08.org/sidebyside_results.cfm?c=5&c=16
It is right there, and will take anyone about 5mins to read. Also, read the Tax Policy Center's report because it does a great job of outlining the costs of both proposals, (McCains will still cost us 1.3trillion over 10 years)
Supports abortion throughout the pregnancy
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
Obama supports abortion rights. In the Illinois State Senate, he voted against a bill to ban late-term abortions because, he said, it did not contain a clause to protect the life of the mother. During an April 2007 Democratic debate, Obama said, "I trust women to make these decisions in conjunction with their doctors and their families and their clergy." At an April 2008 candidates' forum on faith and compassion, Obama said that "there is a moral dimension to abortion, which I think that all too often those of us who are pro-choice have not talked about or tried to tamp down." To reduce abortions, Obama advocates a comprehensive sex-education program in which both abstinence and contraception are priorities. He also says, "we should make sure that adoption is an option."
Would pull troops out of Iraq immediately
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
http://www.barackobama.com/issues/iraq/
Read.
Supports gun ownership rights
JOHN McCain :Yes
BARACK OBAMA:No
JOHN McCain :Yes
BARACK OBAMA:No
Supports homosexual marriage
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
Proposed programs will mean a huge tax increase
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
Voted against making English the official language
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
Voted to give Social Security benefits to illegals
JOHN McCain :No
BARACK OBAMA:Yes
JOHN McCain :No
BARACK OBAMA:Yes
CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.
OBAMA
28% on profit from ALL home sales. (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.)
MCCAIN
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.
OBAMA
28% on profit from ALL home sales. (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.)
DIVIDEND TAX
MCCAIN
15% (no change)
OBAMA
39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')
MCCAIN
15% (no change)
OBAMA
39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')
INCOME TAX
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
OBAMA (reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
Under Obama, your taxes could almost double!
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
OBAMA (reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
Under Obama, your taxes could almost double!
INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
McCain: 15% on inheritance over 5million
Obama: 45% (kind of crazy, I believe) on inheritance over $3.5million
Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes.
NEW TAXES PROPOSED BY OBAMA
New government taxes proposed on homes that are more than 2400 square feet. New gasoline taxes (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least....New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
You can verify the above at the following web sites:
http://money.cnn.com/news/specials/e...008/index.html
http://www.cnn.com/ELECTION/2008/iss...ues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/p..._on_taxes.html
http://blog.washingtonpost.com/fact-.../barack_obama/
http://blog.washingtonpost.com/fact-...s/john_mccain/
NEW TAXES PROPOSED BY OBAMA
New government taxes proposed on homes that are more than 2400 square feet. New gasoline taxes (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least....New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
You can verify the above at the following web sites:
http://money.cnn.com/news/specials/e...008/index.html
http://www.cnn.com/ELECTION/2008/iss...ues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/p..._on_taxes.html
http://blog.washingtonpost.com/fact-.../barack_obama/
http://blog.washingtonpost.com/fact-...s/john_mccain/
09-05-2008, 12:34 PM
#28
BanHammer™
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I think this sums it up pretty well
DEMOCRATS
Barack Obama
Opposed extending 2003 Bush tax cut law through 2010. Supports eliminating marriage penalty and extending child tax credit. Proposes a "making work pay" tax credit of up to $500 per person, or $1,000 per working family. Proposes eliminating income taxes for seniors making less than $50,000 per year and eliminating all capital gains taxes on start-ups and small businesses. Says he would reform the child and dependent care tax credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for child care expenses. Favors tax cuts for middle-class workers and tax increases for top earners. Says he would restore the top two income tax rates to their pre-2001 levels of 36 percent and 39.6 percent. (Currently, they're 33 percent and 35 percent.) Says he would maintain the estate tax but would freeze the estate tax exemption amount at $3.5 million. Proposes to create an "American opportunity tax credit," which the Obama campaign describes as "a fully refundable credit" that "will ensure that the first $4,000 of a college education is completely free for most Americans and would cover two-thirds the cost of tuition at the average public college or university." CNNMoney: More on Obama and personal taxes | Business taxes | Taxing wealth | Watch Obama speak about taxes
REPUBLICANS
John McCain
Voted against 2001 and 2003 Bush tax cut laws, but later voted in favor of extending tax cuts through 2010. Says he would keep the current rates on dividends and capital gains, and maintain the current income and investment tax rates. Says he opposes a proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue, but has previously said he would sign it into law as president. Says he would double the child deduction from $3,500 to $7,000 and permanently repeal the alternative minimum tax. Says he would reduce the corporate tax rate from 35 percent to 25 percent. Advocates raising the exemption from taxation on estates up to $10 million while cutting the tax rate to 15 percent. Proposes that a three-fifths majority vote in Congress be required to raise taxes. Says he would permit corporations to immediately deduct the cost of equipment investment. Would prohibit new cellular telephone taxes and ban Internet taxes. Wants to establish a permanent tax credit equal to 10 percent of wages spent on research and development. CNNMoney: More on McCain and personal taxes | Business taxes | Taxing wealth
Originally Posted by cnn.com
DEMOCRATS
Barack Obama
Opposed extending 2003 Bush tax cut law through 2010. Supports eliminating marriage penalty and extending child tax credit. Proposes a "making work pay" tax credit of up to $500 per person, or $1,000 per working family. Proposes eliminating income taxes for seniors making less than $50,000 per year and eliminating all capital gains taxes on start-ups and small businesses. Says he would reform the child and dependent care tax credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for child care expenses. Favors tax cuts for middle-class workers and tax increases for top earners. Says he would restore the top two income tax rates to their pre-2001 levels of 36 percent and 39.6 percent. (Currently, they're 33 percent and 35 percent.) Says he would maintain the estate tax but would freeze the estate tax exemption amount at $3.5 million. Proposes to create an "American opportunity tax credit," which the Obama campaign describes as "a fully refundable credit" that "will ensure that the first $4,000 of a college education is completely free for most Americans and would cover two-thirds the cost of tuition at the average public college or university." CNNMoney: More on Obama and personal taxes | Business taxes | Taxing wealth | Watch Obama speak about taxes
REPUBLICANS
John McCain
Voted against 2001 and 2003 Bush tax cut laws, but later voted in favor of extending tax cuts through 2010. Says he would keep the current rates on dividends and capital gains, and maintain the current income and investment tax rates. Says he opposes a proposal supporters call the "Fair Tax," which would repeal income taxes and other taxes and abolish the Internal Revenue, but has previously said he would sign it into law as president. Says he would double the child deduction from $3,500 to $7,000 and permanently repeal the alternative minimum tax. Says he would reduce the corporate tax rate from 35 percent to 25 percent. Advocates raising the exemption from taxation on estates up to $10 million while cutting the tax rate to 15 percent. Proposes that a three-fifths majority vote in Congress be required to raise taxes. Says he would permit corporations to immediately deduct the cost of equipment investment. Would prohibit new cellular telephone taxes and ban Internet taxes. Wants to establish a permanent tax credit equal to 10 percent of wages spent on research and development. CNNMoney: More on McCain and personal taxes | Business taxes | Taxing wealth
09-05-2008, 12:36 PM
#29
BanHammer™
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I think the big problem with Obama and his tax ideas is he has claims to cut taxes for "middle class"
but if I remember correctly, the ceiling for his "middle class" is a two income family making 100k
but if I remember correctly, the ceiling for his "middle class" is a two income family making 100k
09-05-2008, 12:37 PM
#30
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Obama won't give you new taxes either, unless you make over 250k a year. That you won't check out the info yourself, and are relying on a poorly written and almost entirely false email to choose a candidate is either a testament to your laziness or your ignorance. The info is all right here, in this thread, or easily accessible with a few google searches. I found, and wrote all that in 40mins.
At the very least, since taxes are the biggest issue to you, check out the tax policy center. It gives you a honest, non partisan, non biased view of both candidates preliminary tax and spending plans. The report is a pdf that is easy to read, and takes maybe 20min. Easy.