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Speaking in Denver, Obama stated that he wants ALL tax rates to return to the Clinton era rates.
For all Obama supporters that don't know what this means - The Obama, Pelosi, Reed cabal will let ALL 2001 and 2003 temporary Bush tax cuts expire in 2010. ALL means ALL rates for ALL levels of income. The marriage penalty returns, The higher capital gains returns, higher dividend/interest rates return, All credits disappear. I'd like to hear how the media will spin it that it's not a tax increase.
Both McCain and Obama tax rates laid out here, side-by-side, in a chart. If you make under 160k a year, you get a tax cut under Obama. Read it. Get the facts. Don't believe the hype.
So the option is to what, renege on the 10 Trillion debt that Dumbya and company have racked up in the past 8 years.
Taxes will have to go up, regardless of who is elected, but let those that can better afford them bear the brunt, vs. protecting those earning $250K++ and put it on the back of the middle class, trying to pay for their house, save for kids education, and their retirement.
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