Posts
The Washington Post put this graph together to show the amount of tax cuts people in different income brackets would receive from John McCain's and Barack Obama's economic plans.
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy.
CNN took a look at this study in this report...
5 comments:
Thanks for posting the analysis.
How many in the lower income bracket would be able to create jobs even if they paid no taxes?
I would guess that more jobs would be created by those with the means to create them. That would mean those with higher incomes. If they have more cash feed up because of lower taxes, then by all means, lower their tax burden.
It also gives me incentive to reach that higher tax bracket to enjoy more of the money that I've worked hard to get.
Wealthy people don't always create jobs. Why create jobs when lower income people don't have any money to spend in your store?
The thing that creates jobs is when consumers have money to spend. They can have the money to put a new roof on their house, or to buy new school clothes for their kids, or buy a new computer.
We all do better when we all do better. Not when some rich fat cat gets another million to buy a house at Lake Tahoe.
John McCain’s presidential campaign is being run by Washington lobbyists and paid for with their money. It’s hypocritical of John McCain to denounce the influence of lobbyists when his two closest aides—Charlie Black and Rick Davis— were top-tier lobbyists in Washington until just recently.
Rick Davis, his campaign manager, is on leave from his lobbying firm (managing partner of the very partisan Davis, Manafort & Freedman, Inc., a lobbying firm based in Arlington, Virginia). The current head of John McCain's Senate office in Washington, Mark Buse, spent six years lobbying pharmaceutical firms, telecoms, oil and gas interests, and other corporate clients.
Over the last month, several senior advisors and staff were fired or forced to resign from McCain’s presidential campaign due to lobbying efforts on behalf of foreign countries such as Burmese (military junta), Saudi Arabia and Nigeria (run by General Sani Abacha, a ruthless and corrupt dictator). Many current and former McCain staffers/lobbyist have practiced Washington's “business as usual” even as their boss was condemning it.
John McCain vows that, if he's elected, he'll change the revolving door culture in Washington. But if he can't do so in his own campaign or U.S. Senate office, how can he do so if elected president?
hmmm...
How about the fact that it is OUR money and the govenment shouldn't get to decide how much of it we get to keep. Maybe some day we will wake to to the Fair Tax. Until then, we are up a creek no matter which party is pulling the strings.
The Republicans have been lying about Obama raising taxes. Obama will cut taxes MORE than McCain for those earning under 112k/yr., and the VAST majority of Americans earn far less than that.
http://ktracy.com/?p=1412
http://www.taxpolicycenter.org/publications/url.cfm?ID=411693
http://my.barackobama.com/page/community/post/stateupdates/gG5GFB
Post a Comment