Comparing Obama and McCain's tax plan (voters, Congress, millionaire, democratic)

[gsoboi]

This is an interesting website where you can check to see how much you will save under Obama's tax plan as oppose to McCain's. All numbers are from the non-partisan Tax Policy Center. Its amazing how much bull McCain is feeding people and they are being distracted by an Alaskan beauty queen.

http://alchemytoday.com/obamataxcut/ (broken link)

http://www.taxpolicycenter.org/

[bryan61]

For McCain extending the Bush cuts is responsible tax policy. Obambas is a handout to people who are already getting a handout

[gsoboi]

Originally Posted by bryan61

For McCain extending the Bush cuts is responsible tax policy. Obambas is a handout to people who are already getting a handout

The rich people dont need tax cuts. People who are struggling need the tax cuts, especially with the cost of everything going up. This makes more sense, not tax relief for the wealthy. If you put more money in the hands of working class citizens, they have more money to spend. When they spend money it helps to create jobs. The economy then grows. Its the same formula that worked in the 1990s under Bill Clinton.

[dorado0359]

Hmmmm...$980 bucks. Obama's got my vote!

[bryan61]

how can you cut the taxes of people who dont pay any. Obama likes to call em "tax breaks". Bill Clinton was the lucky recipeient of a phenomena called the dot com boom.

Originally Posted by gsoboi

The rich people dont need tax cuts. People who are struggling need the tax cuts, especially with the cost of everything going up. This makes more sense, not tax relief for the wealthy. If you put more money in the hands of working class citizens, they have more money to spend. When they spend money it helps to create jobs. The economy then grows. Its the same formula that worked in the 1990s under Bill Clinton.

[walidm]

Originally Posted by gsoboi

This is an interesting website where you can check to see how much you will save under Obama's tax plan as oppose to McCain's. All numbers are from the non-partisan Tax Policy Center. Its amazing how much bull McCain is feeding people and they are being distracted by an Alaskan beauty queen.

ObamaTaxCut.com (http://alchemytoday.com/obamataxcut/ - broken link)

Tax Policy Center home

Is that what we think it is?
http://content.answers.com/main/content/wp/en/thumb/1/14/250px-PulpFictionCase.jpg (broken link)
Yep. In less than 57 days, we're going
to hand over the China Visa Platinum!!

[walidm]

Originally Posted by bryan61

how can you cut the taxes of people who dont pay any. Obama likes to call em "tax breaks". Bill Clinton was the lucky recipeient of a phenomena called the dot com boom.

The next President will hopefully be the recipient of the "infrastructure" boom.

[gsoboi]

Originally Posted by bryan61

how can you cut the taxes of people who dont pay any. Obama likes to call em "tax breaks". Bill Clinton was the lucky recipeient of a phenomena called the dot com boom.

It certainly doesnt make sense to give tax relief to people who dont need it.. I'm sorry. If im a multi-millionaire, im not going to complain if I dont get a tax cut.

[bale002]

Originally Posted by gsoboi

Obama's tax plan

Obama may or may not have a tax plan, depending on the balance of power in Congress.

Obama is a spineless politician who will blow with the political wind.

If there is a democratic majority in Congress, it will dominate him and it will raise taxes, on everybody, doing most damage to the lower income people, while bungling in a fit of corruption and inefficiency any handouts that they promise in return.

To be sure, this sub-forum is about the presidential election, but the fact of the matter is that the voters are asked to renew almost the entire government, among the president, the House, and one-third of the Senate.

Therefore, the crucial issue in this election is what kind of balance of power the people will elect to the federal government and its effects on overall economic policy.

However it goes, the outlook is not good.

No matter what happens, the US will continue with its cockamamie monetary policy, leaving the economy hobbling on one leg.

The open question, then, is whether the new government will exacerbate the situation with cockamamie fiscal policy, leaving the economy completely crippled.

An Obama presidency coupled with a significant democratic majority in Congress is a recipe for crippling the economy.

With a different balance of power, most likely a McCain presidency and a democratic majority in Congress, we stand a better a chance of hobbling along on one leg.

In a political fantasy, an Obama presidency with the 1994 Congress would be interesting, but it ain't gonna happen, not now, not in 2010; today's republicans are too wasted to be effective.

[skoro]

Only big corporations and millionaires deserve tax breaks.