How Much Would You Save?
Posted by Matt Ortega on October 24, 2008 at 11:20 AM
It is no surprise that John McCain continues to lie and distort Senator Barack Obama's record on taxes, and his plans for middle-class tax relief -- the Washington Post reported this morning that taxes are a winning issue for Senator Obama.
In recent weeks, Senator Obama has stressed his targeted tax cuts for 95 percent of hard-working Americans, and independent studies continue to show that the middle class would benefit more from Obama's plan. The Heritage Foundation, a conservative think tank, says Senator Obama's plan is better for the middle-class. Not convinced yet? Try this.
Comments (6) «
John McSame plays up the POW setting as though he was a war hero. Did he not crash 5 of our expensive jets during his career? One of the crashes was because he hit some wires. Maybe if he paid attention in training class he wouldn't have been shot down. I know next time I fly on a 737, I sure hope he is not the pilot.
Weez-l 10-24-08 3:44pm
Personally, I don't want the taxes cut. I want the delivery of services improved. I want Homeland Security to be disassembled and all of the monitoring systems taken down.
I did the calculator, so does this mean that Obama is vowing to retain the tax cuts we saw from Pres. Bush? If so,that's great. Otherwise, if they are allowed to run out my taxes will go up a few thousand per year. The amount the calculator says I'd get with Obama won't cover that amount, so we'll be out a couple thousand. That's something I can't afford right now as we try to live our lives and save for college for our children.
I agree with disgruntlddem. Where is the calculator that will calculate the amount of tax that I will pay when the Bush tax cuts are eliminated? Are we going to have a repeat of the 1996 Clinton tax hike that eventually led to the economic downturn of 2000?
Dear Dems, this is to tell you that the worst we could do to ourselves is let down, after all this well-organized effort... Get the vote out! And stay vigilant!!!
Go Dems 2008!!! Goddammit!
We must first keep in mind that none of the Bush tax cuts were real. Each of Bush's tax cuts were less than the national deficits that they produced- so our children will one day pay for them. Also, the two Bush tax cuts were overwhelmingly weighted to favor the wealthy so Obama is allowing the tax cuts to expire to return to rates used in about 2000. Obama's tax rates are similar to the lowest rates used by Ronald Reagan through 1987, which weren't that bad.
Finally, there is no reasonable relationship between the 1996 Clinton tax increases and the economic downturn of late 2000. One could more easily argue that Clinton's 1996 tax increases spurred the economic growth from 1996 to 2000.
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