Quote:
Originally Posted by JoeD
What do you think? Obviously, just proposals but..
My biggest problem is that it seems Obama wants to "punish" the wealthy. This is the problem I have with the most liberal senator in 2007. Judging by his voting record to increase government spending in government programs I dont see how America is going to see much "change."
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Your not reading the details Smiley. All you are focusing on with McCain are the tax cut proposals. You have to consider McCain's and Obama's tax cuts / increases vs the Deficit. Historically, the economy has always been worse off funding the tax cuts with the deficit. the DEficit will grow. If you are out of money...and then use your credit card to buy groceries.......you are able to eat.....but what happens to your debt ? It grows Smiley.
But which is the greater evil you ask ? Good question my newly open minded friend....hehehe
a little Clip from CNN news:
According to the Tax Policy Center's findings, the common assumptions most people make about the plans of McCain, the presumptive Republican nominee, and Obama, the Democrats' pick, are not wildly off-base.
McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else.
Obama: High-income taxpayers would pay more in taxes, while everyone else's tax bill would be reduced. Those who benefit the most - in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups.
Under both plans, all American taxpayers could pay a price for their tax cuts: a bigger deficit. The Tax Policy Center estimates that over 10 years, McCain's tax proposals could increase the national debt by as much as $4.5 trillion with interest, while Obama's could add as much as $3.3 trillion.
The reason: neither plan would raise the amount of revenue expected under current tax policy - which assumes all the 2001 and 2003 tax cuts expire by 2011. And neither plan would raise enough to cover expected government costs during those 10 years.
Seems like your most Liberal Senator in 2007 will allow you to keep a little more in your pockets for your kids. don't just look at charts bru....read the details.
Mods......we can close this thread now.