Obama's tax cut plan for middle class
Posted By: Inside on 2008-08-17
In Reply to: Obama has said repeatedly he will RAISE - taxes for MORE social programs nm
http://www.barackobama.com/issues/economy/#tax-relief
Provide Middle Class Americans Tax Relief
Obama will cut income taxes by $1,000 for working families to offset the payroll tax they pay.
• Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.
• Eliminate Income Taxes for Seniors Making Less than $50,000: Barack Obama will eliminate all income taxation of seniors making less than $50,000 per year. This proposal will eliminate income taxes for 7 million seniors and provide these seniors with an average savings of $1,400 each year. Under the Obama plan, 27 million American seniors will also not need to file an income tax return.
• Simplify Tax Filings for Middle Class Americans: Obama will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. Experts estimate that the Obama proposal will save Americans up to 200 million total hours of work and aggravation and up to $2 billion in tax preparer fees.
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Just proof that Obama really isn't out for the middle class.
He just wants our vote and he figured this would be the way to get it. To promise to not tax us middle class folks. I don't believe he intends to keep his promise. He may at first but the bottom line is that all the government spending of his and the 3 trillion dollars he plans to spend....where he is going to get that money? He is going to get it from us and that includes the middle class.
All the companies who get tax hikes will pass that tax onto us as well by jacking up prices of products and services so we the consumers pay for that tax hike. Then Obama will have to raise taxes on the middle class as well to cover his government spending. It is common sense people. Look at his record. He has consistently wanted to raise taxes and that includes on us middle class folks he is all of sudden so interested in helping out since he is up for election. Give me a break. I see through the lies and false promises. That isn't change. That is Washington elitists at their norm.
I am middle class, but I dont "buy" Obama's
nm
Her point is that Obama voted repeatedly against tax breaks for the middle class and suddenly he'
the middle class person's best friend! Funny how now he wants to help us, when each time he had the opportunity to, he voted against it.
helping the lower class and middle class will NOT
Giving handouts to those that do not work certainly does nothing to help their situations; it only encourages it. Middle class are your working class, the support and backbone of this country. Obama's interference in their lives is just that, interference. The democrats have always felt they have the right to interfere in our lives by taxing us to death. What does that do to help us? It only makes us MORE dependent on the government......nothing about MORE government is helping us in any way.
I'm glad you think crime is JUST a biproduct of poverty, not race, which proves you obviously don't live in an area where that would prove you wrong. I live in an area where I know that every BLACK has the same opportunities as whites, the EXACT same education and FREE two college years....FREE, FREE, FREE.....all they have to do is finish high school....not all As or even any Bs, just finish high school. Now, a lot of young people take advantage of that but MANY do not. What do they do instead? Stand on the street corner, run around with their pants hanging down to the knees, steal for drugs, sell drugs to make money so they can buy expensive hubcaps for their souped up cars, buy their expensive shoes and ugly pants, and make MORE BABIES, which by the way, I SUPPORT with my taxes. No, I don't want to hear all that hogwash about their poverty. The media has made so much of that garbage, those that don't live in or near it, don't realize many blacks have the same opportunities; it's just that a lot of blacks, especially in my town, have grown up generation after generation living off the taxpayer and see no reason whatsoever to change their situation. They make more babies.....I'm forced to raise them so that generation can make more babies. Do I wish their situation would change? ABSOLUTELY! Do they have plenty of resources available in this town alone to change that? ABSOLUTELY! Do most of them take advantage of that? ABSOLUTELY NOT!!!! Yes, the majority of crimes in our town is committed by blacks but it AIN'T because of poverty; it's because THEY WANT TO COMMIT A CRIME!! We have poor whites as well and the majority of those do not feel they have the right to steal what belongs to others, kill someone over drugs or a stupid girl, or whatever else one wants to use as an excuse.
Obama will do nothing to help those that feel entitled and look to Obama as just a bigger free paycheck. You don't help anyone by giving them free handouts. If they don't want an educate, won't help themselves, and continue to feel ENTITLED to MY money, Obama certainly won't change that by encouraging laziness and lack of worth ethics.
Making the middle class dependent on the government is in no way helping them; if anything, Obama will be the end to the middle class as we know it today.
Middle class
Didn't McCain define "middle class" as anyone with $5 million??? How realistic is that? I don't personally have, nor do I know anyone, who has $5 million. The "real" middle class is screwed with either of these clowns.
If the new middle class is $120,000 (sm)
Then my income will just push us into that bracket. I wonder if that will negate my entire income? If so, I guess we may be better off if I just quit? Right now I work because I can't afford to quit. I won't be able to afford it then either so what will I do? I wonder how many others will be in my situation?
FYI, we live in a small older home that we are trying to pay off so that when our two children are college-age, maybe we can afford it. We don't live extravagently by any means. What will happen to people like us?
Middle class? sm
If Obama is elected, that is something that our children's children will be reading about in a history book. It is fast disappearing and will be completely gone if Obama takes office.
A New Way To Tax the Middle Class
Just call it something besides a tax.
Who Pays for Cap and Trade?
Hint: They were promised a tax cut during the Obama campaign.Article
Cap and trade is the tax that dare not speak its name, and Democrats are hoping in particular that no one notices who would pay for their climate ambitions. With President Obama depending on vast new carbon revenues in his budget and Congress promising a bill by May, perhaps Americans would like to know the deeply unequal ways that climate costs would be distributed across regions and income groups.
Politicians love cap and trade because they can claim to be taxing "polluters," not workers. Hardly. Once the government creates a scarce new commodity -- in this case the right to emit carbon -- and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag -- now Mr. Obama's budget director -- told Congress last year that "Those price increases are essential to the success of a cap-and-trade program."
Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.
The Congressional Budget Office -- Mr. Orszag's former roost -- estimates that the price hikes from a 15% cut in emissions would cost the average household in the bottom-income quintile about 3.3% of its after-tax income every year. That's about $680, not including the costs of reduced employment and output. The three middle quintiles would see their paychecks cut between $880 and $1,500, or 2.9% to 2.7% of income. The rich would pay 1.7%. Cap and trade is the ideal policy for every Beltway analyst who thinks the tax code is too progressive (all five of them).
But the greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels -- particularly coal, which generates most power in the Midwest, Southern and Plains states. It's no coincidence that the liberals most invested in cap and trade -- Barbara Boxer, Henry Waxman, Ed Markey -- come from California or the Northeast.
Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation. In Ohio, it totals 86%, according to the Energy Information Administration. Ratepayers in Indiana (94%), Missouri (85%), New Mexico (80%), Pennsylvania (56%), West Virginia (98%) and Wyoming (95%) are going to get soaked.
Another way to think about it is in terms of per capita greenhouse-gas emissions. California is the No. 2 carbon emitter in the country but also has a large economy and population. So the average Californian only had a carbon footprint of about 12 tons of CO2-equivalent in 2005, according to the World Resource Institute's Climate Analysis Indicators, which integrates all government data. The situation is very different in Wyoming and North Dakota -- paging Senators Mike Enzi and Kent Conrad -- where every person was responsible for 154 and 95 tons, respectively. See the nearby chart for cap and trade's biggest state winners and losers.
Democrats say they'll allow some of this ocean of new cap-and-trade revenue to trickle back down to the public. In his budget, Mr. Obama wants to recycle $525 billion through the "making work pay" tax credit that goes to many people who don't pay income taxes. But $400 for individuals and $800 for families still doesn't offset carbon's income raid, especially in states with higher carbon use.
All the more so because the Administration is lowballing its cap-and-trade tax estimates. Its stated goal is to reduce emissions 14% below 2005 levels by 2020, which assuming that four-fifths of emissions are covered (excluding agriculture, for instance), works out to about $13 or $14 per ton of CO2. When CBO scored a similar bill last year, it expected prices to start at $23 and rise to $44 by 2018. CBO also projected the total value of the allowances at $902 billion over the first decade, which is some $256 billion more than the Administration's estimate.
We asked the White House budget office for the assumptions behind its revenue estimates, but a spokesman said the Administration doesn't have a formal proposal and will work with Congress and "stakeholders" to shape one. We were also pointed to recent comments by Mr. Orszag that he was "sure there will be enough there to finance the things that we have identified" and maybe "additional money" too. In other words, Mr. Obama expects a much larger tax increase than even he is willing to admit.
Those "stakeholders" are going to need some very large bribes, starting with the regions that stand to lose the most. Led by Michigan's Debbie Stabenow, 15 Senate Democrats have already formed a "gang" demanding that "consumers and workers in all regions of the U.S. are protected from undue hardship." In practice, this would mean corporate welfare for carbon-heavy businesses.
And of course Congress is its own "stakeholder." An economy-wide tax under the cover of saving the environment is the best political moneymaker since the income tax. Obama officials are already telling the press, sotto voce, that climate revenues might fund universal health care and other new social spending. No doubt they would, and when they did Mr. Obama's cap-and-trade rebates would become even smaller.
Cap and trade, in other words, is a scheme to redistribute income and wealth -- but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class.
She actually grew up middle class
and made her own money. Then married Sir Rothschild. Why couldn't I have found a guy like that?!?
The middle class has already all but disappeared under...sm
republican rule. Based on earnings, we have a huge lower class, a very small middle class, and a tiny upper class that makes over 90% of the income in the US.
The middle class needs to realize
that John McCain's economic plan is designed from the ground up to raise incomes and create jobs for Americans - especially middle-class Americans - and get our economy moving again. It is in sharp contrast to Barack Obama's plan, which does not treat the middle class well and which will reduce jobs rather than create them.
"The McCain tax plan will allow middle-class Americans to keep more of what they earn than the Obama tax plan. McCain will increase the exemption for children from $3,500 to $7,000 per child, and he will provide a refundable health care tax credit of $5,000 for every family. What does this mean for middle-class families? Consider a married couple, one of whom works, earning $55,000 plus employer-paid health insurance of $8,000, and who rent their home and have two young children. Under McCain's plan, this family would receive a tax refund of $2,087 for health care and other things. Under Obama's plan, including his proposed worker's credit, this same family would not get any tax refund; in fact, they will have to pay taxes of $1,213. That's a $3,300 advantage for that family with McCain's plan compared with Obama's.
McCain's plan also provides incentives for firms to hire more workers and to pay them more. He will stop penalizing American firms when they create jobs in America rather than overseas. The U.S. tax code now levies a tax of 35 percent on American firms, the second highest in the world. McCain would reduce the tax to 25 percent, an important reason why his plan creates more jobs than Obama's. Another reason is that McCain will not raise the tax on small businesses, as Obama's plan does. Under Obama's plan, the top marginal income tax rate, which many small businesses pay, will rise to over 50 percent, including his proposed 5 percent increase in the statutory rate, 3 percent for Medicare, 3 percent for Social Security, and 4 percent from the phase out of exemptions.
McCain's economic plan is comprehensive and helps the middle class in many other ways. By promoting domestic energy production, including nuclear power and exploration and production of oil and gas - which Obama has opposed - McCain will reduce the price of gasoline, electricity and heating oil. By promoting free-trade agreements, he will reduce taxes on job-creating exports and reduce the prices that middle- and lower-income families pay for food and clothing. In contrast, Sen. Obama opposes good trade agreements - voting against the Colombia free-trade agreement - that would create jobs in America."
Does the middle class ever get a break?
All I heard during Barrack Obama's campaign was how he was going to look out for the middle class and how Bush and McCain would do nothing more than make the rich richer. Well, every time I turn on the news, I cringe. All I see are crooks. CEO crooks, rich crooks, and political crooks. These crooks are getting rich off of taxpayers and we are getting nothing in return. The initial bailout has done nothing. The stock market is still extremely low. The only good thing I've heard of late is that gas is below 2 dollars a gallon right now. Now GM wants a bailout. Their CEOs flying in on private jets and asking for a handout. I truly do not want to get them one because I know it won't change anything. However, it breaks my heart to think of the millions of people who will truly suffer from this....including my mother.
Now President-elect Obama still claims to be out there for the middle class, but I just don't see it. His plans will do nothing more than to help the lower class. The rich will survive as they are rich, but it will be the middle class who again takes the hit. The more TV I watch, the more I see Obama as nothing more than a puppet of his political party.
My husband is so stressed out about this economy and his business that he is losing sleep at night. He had to fire someone yesterday to save costs which means he will have to work a lot more hours to cover for the person he had to let go which will add more stress and little to no downtime for him. Not to mention the poor bloke he had to fire right before the holidays.
I'm sitting here at my desk thinking about our monthly house payment and our two kids and I wonder how we will make it if my husband's boss decides to close his store. Will he send him to another store or will he just let him go? How will he find another job in this economy that would make enough money to pay our house payment? What will happen to my mom if GM gets rid of legacy expenses and she loses my dad's pension and her health benefits. What happens to my brother when his factory goes under and he is left with three kids and a wife to support?
Is anyone else literally sick to their stomach about all of this? I feel like I could just hurl and then I turn TV on and see all these crooks and I just want to scream. I've tried to stay positive and I've tried to give Obama the benefit of the doubt but his pal Bill Clinton is the one who started the housing crisis by forcing bad loans to be given and Obama has done nothing but surround himself with Clintons and I just can't shake the feeling that we won't rebound from this......at least not for a very very long time.
Dems to focus on middle class..sm
Pelosi, Hoyer Say Their Focus Will Be on Helping Middle Class
Monday, November 20, 2006
Associated Press
WASHINGTON — House Speaker-elect Nancy Pelosi said Monday her new Democratic majority will extend a hand to Republicans in moving the agenda of relieving the middle-class squeeze. She said restoring the military draft will not be part of that agenda when Democrats take over the House in January.
Pelosi, following a strategy meeting with the next House majority leader, Steny Hoyer, D-Md., said she will meet with incoming House Minority Leader John Boehner and we'll find our common ground for the American people.
The principle of civility and respect for minority participation in this House is something we promised the American people. It's the right thing to do, she said.
Pelosi and Hoyer repeated that in the first 100 legislative hours of the new Congress that convenes in January, they will try to pass bills that directly affect the pocketbooks of working-class and middle-class people, including raising the minimum wage, cutting interest rates for student loans and allowing the Medicare program to negotiate lower drug prices.
Other top priorities for January are lobbying reform, implementing the recommendations of the 9/11 Commission and rolling back subsidies to the oil industry.
Pelosi said restoring the draft will not be on that list and was not something she supported.
The speaker and I discussed scheduling and it did not include that, Hoyer added.
Incoming Ways and Means Committee Chairman Charlie Rangel, D-N.Y., caused a stir by repeating a long-held position that a draft is the best way to ensure that all levels of society are represented in the military. Besides Rangel, there is almost no support in Congress for restoring the draft.
It's not about a draft, it's about shared sacrifice in this country, Pelosi said. She said Rangel is a strong voice for social justice in our country and his support for the draft was a way to make a point.
And do you know why the cost of living for the middle class has gone down...?
because we are being taxed to death. The amount of our income off the top for taxes has increased over all those years. More programs to help the "poor," some of which have moved people from what used to be middle class to the "poor class" to get on some of those social programs...which is never a good thing...and meanwhile the working middle class continues to get the tax shaft. Yeah, we are being had...by those who want to spend, tax, spend, tax, spend....
Well I guess the middle class who can't scrape
enough together to feed their kids, or pay their bills don't really have a good sense of humor right now - imagine that.
IMO it was just another insensitive remark he has made, trying to be the comedian.
He plans to give the middle class (that would be US)
Don't know about you, but I just can't pay any more taxes without going under financially. (Unless someone invents a vaccine that makes it possible to survive without having to EAT.)
Big corporations (I'm not talking about SMALL businesses, here... I said 'BIG'), aren't paying their fair share & pulling their weight tax-wise. Compounding that is the fact that they currently are actually getting incentives for sending work offshore. Why else do you think the LARGEST MT companies are the ones that offshore? In addition to paying p1ss-ant wages to us peons, they're getting financial incentives to do so.
There are also too many loopholes in labor laws that the big co's have going for them. How else would it be possible to tell a U.S. MT that they cannot work overtime, yet that MT has to work 2-6 hrs. over OT per DAY, just to make the 'minimum' line count and keep her health insurance. All withOUT getting paid for said overtime.
With McCain in office, there is little hope that any of that will improve. The fact that Obama is from a younger generation, with newer ideas, at least gives me a glimmer of HOPE, and right now hope means a lot to me, and alot of other people in the US. Will he get some things wrong? Undoubtedly. No one has ever had a 'perfect Presidency'. But will he get some things RIGHT? Absolutely. He will base a lot of his military decisions on TODAY's world situation, not the one that existed in 1942, or 1969.
I don't agree with EVERYthing Obama says (but then again, I never agree with everything ANYone says.) But I think that for this particular time in our country's and the world's history, we stand a better chance of improving the way things are with some new blood in the White House, NOT the same-ol', same-ol'.
Why wasn't he worried about us in the middle class...
when first McCain and then the Bush admin warned about fannie/freddie and that they needed to be reeled in? Where was all that concern for us then, when it realy mattered??
I hope you are right, that someone is standing up for the middle class (sm)
But I think what is more likely to happen is that we will ALL be taxed more and we will ALL have less money and it will be spread throughout the world. What you see as wealth and middle class will no longer be the same. Wealth will be being able to afford to feed your family. The jobs will go overseas alright, even more so than they are now. I wish I believed that you are right. That would be great! Unfortunately, I think it is a dream, far from the reality of the nightmare that is coming.
Walking up the backs of the middle-class to
xx
I see the new middle class has dropped from 250,000 to 120,000 and could be lower.
Very, very contradicting to me. Obama changing a lot of what he said lately and it gets worse. He wants us to vote early and take off from work Nov. 4th to help him win. Fox news also reports Obama and his campaign lays out plans to kill expectations after win because of concerns that many supporters are now harboring unrealistic hopes of what can be achieved. What the heck? Now he says, "it will be hard to achieve goals and will take time." He says one thing and then says another. I want to know where these unauthorized credit cards came from for his campaign. I want to see his birth certificate that he cannot cough up and there is a petition out and he is under investigation if he was truly born in the good ole USA. Call your State Department and they will tell you there is an investigation and they trying to get this resolved before Nov. 4th. So much uncertainty. Hope I do not offend anyone, but just like a bumper sticker I read
I'll keep my God, my freedom, my guns, and my money, you can keep THE CHANGE. VOTE FOR MCCAIN/PALIN.
Not super rich, am middle class, but i am not a ...
Marxist socialist. That kind of stomping on I can do without. I may have to live through it, but I am not handing him the ball bat to hit me over the head with.
What tax cuts is Barack going to give middle class?
facts to back it up. We are most definitely middle class and in the last 4 years, I made more money as an IC but didn't have to pay in at year end, for the first time in YEARS. We also got a higher child credit, etc. Or maybe I should ask what you consider middle class, but I am quite sure my measly salary doesn't qualify as anything but and I sure as heck am not in the upper 10%. The proof is in the pudding for me, and not having to pay taxes when I always had before, despite having made more money as an IC, is tasty pudding to me. I can't complain on that particular point.
I've compared both Obama's and McCain's tax proposals, and I sure didn't see a lot of give for middle class in either so apparently you are privy to some information that I am not. Can you show me where I can find that? IMO, they are both ignoring the middle class and the middle class is most of America.
Actually, the black middle class is the fasted growing population, but
x
working poor and middle class need defending not rich
Believe me, the rich do not need to be defended. They are getting along just fine and can pay for the best defense in the world. Debating about how the rich should have their money, on and on..if anyone needs defending, it is the working poor and the middle class whose salary for the past five years has gone down, not increased.
I didn't realize middle class meant uneducated......
xx
So, rich tax cuts expire, middle class gets benefit,
will undermine, erode and ultimately vaporize capitalist money/greed ambition and incentive to produce, but keep minimum wage workers at sub-living-wage levels and expect them to have exhibit impeccible work ethic and slave away 24/7 with no complaints? I think I got it now.
Also, because we are white middle class and have a house, we are putting kids through college, ever
nm
is the the starting point or the end point for the middle class?
x
Obama is middle of the road?
That road must by at the Indianapolis 500, because it only seems to TURN TO THE LEFT.
Obama's "buddies" in the middle east....sm
Are a figment of your imagination. You must be watching too much "Hannity's America." I watched Hannity's show about Obama last night, (even though I think Hannity's a doofus, to put it mildly) and I found myself thinking two main things:
1. There was not a shred of objectivity in the whole thing. Not that I expected there would be, but something so cleary biased makes be discount the whole thing. It was all innuendo and insinuation. It was pitiful, but if people get nothing but a steady diet of that kind of garbage, no wonder they think as they do. Garbage in, garbage out.
2. Maybe you're not aware of it if you're a Repub, but all of this "quesionable relationship" BS was dealt with months ago, during the Dem primaries. Don't you think that if there was anything to it, Hillary Clinton would've been able to bring Obama down with it? Didn't happen. There's just no "there" there.
And I am not personally offended by your Muslim comment, as I am not Muslim. I was simply pointing out that it was offensive, and racist. I think unfortunately that comments like yours are a sign of things to come, as McCain signals that it's okay. I find it sickening that's he's willing to take things into the gutter in this way, and the damage it will cause our country in his desperation to win.
Obama's middle east tour...(sm)
Has anyone else noticed what's going on in the middle east with elections? I don't think I would credit all this to just Obama's speech in Cairo, but my guess is that his example (and ours by electing him) has been noticed around the world.
The "pro-Western coalition" won in Lebanon, beating out Hezbollah.
"The leader of the largest bloc in the pro-Western coalition, Saad Hariri, said early Monday in a televised speech that he extends his hand to the losing side "to work together and seriously for the sake of Lebanon." He urged supporters to celebrate without provoking opponents." (http://www.huffingtonpost.com/2009/06/07/lebanon-election-results-_n_212359.html)
And how about Iran? Check this out. This looks familiar.
http://www.msnbc.msn.com/id/21134540/vp/31210578#31210578
Maybe there's something to be said for extending a hand of peace instead of pointing a rifle.
My DH and I, both middle-aged and white, voted for Obama because
we loved his intelligence and his views. Plain and simple. Blackness had nothing to do with our decision to vote Obama. May be hard for you to believe, I understand. Anyone who was against the Iraq war showed thoughtfulness, wisdom, and courage to buck his own party, number one in my book, and millions of others thought the same way. Too bad your coffee is laced with poison, and you HAD better HOPE he gets the country turned around for your own sake.
Obama sends more troops to the middle east
Obama sends 17,000 more troops to Afghanistan.
Obama's campaign speech: "As President of the United States I will start withdrawing troops from the middle east within 60 days of taking office".
Why am I surprised?
Everytime he speaks all I can hear is that Thompson Twin song "Lies"
Lies, lies, lies, yeah
Lies, lies, lies, yeah
Lies, lies, lies, yeah
Obama's plan
I assume you watched both conventions????? I watched the Dems and now I'm watching the Pubs. I am an INDEPENDENT. I would support Obama were it not for my research of the church he has been associated with for 20 years. This church, in my humble opinion, belongs to an extreme, radical, racist group. We don't need that in the White House. With the exception of illegal immigration, he pretty much addressed all the things that I feel are important to the future of my children and grandchildren and were it not for his affiliation with his chosen church, I would probably vote for him. . At least he had the good sense to select a person as his running mate who actually might be "ready on day one" to lead this country.
Secondly, again in my humble opinion, McCain has a few screws loose rattling around upstairs. He answers every question, even about how many houses he owns, with something like, "well, the longest time I spent anywhere was when I was a POW." Other than that it has been all about bashing Obama and his not having "experience." Then look what he did. Picked a little-known female who has been abroad exactly once and tries to pass her off as "experienced." Truth: She is a female and her state is the second largest producer of oil. Bush governed the biggest oil producing state. Enjoying those prices at the pumps? To this point all the pub speakers have pushed McCain's war record. What????? Do we need more war? I think a peacemaker would be better.
Now, before anyone pounces on me, I support NEITHER of these candidates and NEITHER will receive my vote. Either way, the middle class Americans, to which I expect most MTs belong, lose. Our government will change when and if the majority of Americans quit using their heads as a hatrack for the Democrat and Republican parties, kick them out and bring back government "of the people, by the people and for the people." Won't happen this time but maybe next time won't be too late.
Obama's tax plan
First of all, let me say I was undecided on this election until yesterday. Obama's tax plan scares me to death. I heard him on an interview yesterday, and he said that the top 5% of the country could *afford to help out those less fortunate to us*, meaning those that make above $200,000. He also said that someone making under $45,000 would *probably* not have to pay income taxes, because all the tax revenue would be generated from the top 5% of the country, again, who could *afford* to help out his fellow man.
So, here's my question. If I work my BUTT off making a great living for my family, who the heck is he to say I have to share it? My husband and I put ourselves through school to get a good education for ourselves, searched for good jobs, worked more than one sometimes, and enjoy or standard of living, because we worked hard for it and EARNED it. How dare he suggest that I have to share that with ANYONE, just because they dont' have as much. We give to quite a few neighborhood organizations and national charities, we do not keep every penny for ourselves.
If he does get elected and puts this new plan in place, why would people work hard to make a good living if quite a bit chunk of it is going to be taken away? Why not just sit back, work as little as you want, stay under that $40,000 radar, not pay income taxes, and have the government give you some other *rich* guy's money because you don't have as much?
This really made my mind up for me. It's time this county taught some personal responsibility and accountability, and I do not think he is the one for the job!
Obama Tax Plan
I haven't been here for a while, and if this has already been posted below somewhere, I apologize for duplicating it.
The following link will take you to a site that will show you how much money Barack Obama will save you on taxes, compared to John McCain. (Remember, McCain will be taxing your health insurance benefits for the first time in American history.) Depending on your income, there is quite a difference between the two plans.
http://alchemytoday.com/obamataxcut/
Obama tax plan
McCain may be taxing us, but he is anti-abortion and anti-gay marriage
Did you Say Obama lays out a plan???
give it to me!
obama STEALS SP plan
Mrs. Palin proudly boasted that she had put her state's "checkbook" on line so the fine Alaskan citizens could actually see where their money was being spent. Bless her heart. She said under the Palin/McCain (yep, in that order) administration, she would do the same with the federal "checkbook."
Come to find out that Obama had already done that 2 to 3 years ago. He should be ashamed of stealing her idea.
Hillary's plan yes, Obama's no. nm
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Obama's economic plan.......
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Obama's real plan
What he hasn't bothered to tell all his lame followers is if he allows the Bush tax cuts to expire in a few years, this is equal to a tax increase on the middle class. Obama knows most of his followers don't even know what the real Bush tax cuts mean nor what it will mean for them when and if they are allowed to expire.
He hopes no one looks too closely at this. Not only does he want that to expire, which he has already said he will not vote to continue, back in March he actually tried to shorten that so taxes could begin for those making 31k-63K. He knows most of you don't understand any of this for obvious reasons but for those of us who do pay attention, wake up! You will not be getting off the hook paying taxes no matter how much that sounds wonderful. If it sounds too good to be true, it will be.
McCain has a plan...just like Obama has one....
read about it on his website. And if you didn't turn off the TV every time he spoke, you would know he has a plan. LOL. What I don't want is the last TWO years, when the Democrats sat on their hands and did nothing while Freddie/Fannie ruined the economy. What I DON'T want is a socialist President and a democratic majority, and I will have NO part in bringing that about. For the first time in my LIFE I am voting a straight republican ticket.
Sam....if you keep repeating the Obama tax plan.........sm
about how he is going to eliminate taxes for the lower income class, I may just have to switch camps and vote for him!
Obama tax plan question...(sm)
Obama's plan very clearly states that taxes will be raised on those making over 250,000 and tax cuts for those under that. Meanwhile I've seen post after post complaining about him rasing taxes in general, which is in direct conflict with what he has said.
So, if he's planning on raising taxes on the higher tax brackets what's the problem? Aren't these the same people you guys have been bashing? For example, the auto CEOs who went to Washington in a private jet?
Obama's plan is not based on
The government will not be "in charge" of anything excep ACCESS to a healthcare coverage plan. It will still be private companies and if you don't want the national plan, you do not have to join it....keep your own if you like. Read the plan. All he is proposing is to open up the current plan that now covers Congress, Senate and federal employees to citizens. That plan is like any other. It has several different deductible schemes, choices of levels of coverage (PPO/HMO) and a range of premium amounts. All O is trying to do is make health care available to all Americans at affordable prices.
Obama's economic plan
Number one, thanks for a thoughtful, relevant topic.
Number two, Obama's plan starts with rolling back the tax breaks for the wealthy that the Bush administration enacted to pre-Bush status and not make them permanent. A big step in the right direction would also be to tax the stratospheric earnings of equity-fund managers as income at 35% rather than as capital gains at 15% (they can surely afford it) and penalize them for moving their funds offshore.
Number three, all bets are off the table in light of the current GLOBAL economic crisis. The Obama administration will be so busy putting out fires they didn't start that it'll be difficult to enact any long-term or short-term economic plan. I know healthcare is a sore subject, but it's a potentially huge stimulus for middle-class folks, and huge stimuli are needed in times of severe GLOBAL recession.
Obama did not plan the mission.
He only signed off on it after it had been planned and then vouched for by a whole lot of other people. The CEO of a car company does not design a car or put together a sales campaign. He only gives the go-ahead after others have figured out what to do, then takes credit for it.
The only thing this guy has ever made in his life is reservations.
Obama is saying the same thing and he has no grand plan...
either than he has shared. He said it in the O'Reilly interview. O'Reilly asked him if he would invade Pakistan to get him and he would not say yay or nay.
So, following your logic...thumbs down on you, O?
Obama's plan will KILL our economy. You think
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I suggest YOU study up on Obama's plan...sm
and see if his plan remotely resembles national healthcare in other countries. All plans are not created equal.
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