U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-24-2008, 04:00 PM
 
52 posts, read 52,196 times
Reputation: 21

Advertisements

High price may thwart tax cut plans - Eye on the Economy - MSNBC.com
Reply With Quote Quick reply to this message

 
Old 10-24-2008, 04:39 PM
 
52 posts, read 52,196 times
Reputation: 21
Note to self - These people do not like to read anything longer than a paragraph.
Reply With Quote Quick reply to this message
 
Old 10-24-2008, 04:52 PM
 
Location: Charlotte
12,646 posts, read 13,616,661 times
Reputation: 1679
"Changes proposed by Obama’s campaign advisors would mean the national debt would grow by $5.7 trillion over 10 years, while proposals spelled out by McCain’s campaign would add $7.4 trillion, according to the Tax Policy Center. If you add up proposals made in stump speeches, the total 10-year debt increase comes to $5.4 trillion for Obama and $10.9 trillion for McCain, according to the center’s analysis. “The biggest problem is that we can’t afford either one of them,” said McIntyre of Citizens for Tax Justice."
Source


"Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one." -
-- Thomas Paine
Reply With Quote Quick reply to this message
 
Old 10-24-2008, 04:53 PM
 
34,990 posts, read 33,866,355 times
Reputation: 6156
It's very likely most big plans will be truncated, postponed or abandoned in this economy. Obama and Biden both have said this. If such a large tax cut is still possible in 2008 it would be expected, or hoped, to stimulate spending.* It's likely the infamous Bush tax cut wont be allowed to expire in 2010.

* assuming there's anything left in the Treasury by then....
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top