The Real Obama Tax Plan
Despite the threats, push backs, and accusations of lying by Obama surrogates regarding his pledge to "cut taxes" on most of American citizens, number don't lie.
By 2013 Barack Obama would outspend John McCain by at least $27 billion and as much as $119 billion, according to a new analysis of their tax and spending proposals.
McCain would cut taxes more than Obama, but would make deeper spending cuts, too, leaving him less in the red, according to the Committee for a Responsible Federal Budget, headed by a former top Clinton administration official and former Republican congressman.
The projected deficit for 2013 is already $147 billion, so both men would leave the country in poor fiscal shape.
It's unfortunate that instead of showing fiscal restraint and outside-the-box thinking, presidential candidates continue to concentrate on their offers of what they can do for us (leaving out what it'll do to us), instead of what we should all be prepared to do for our country.
What's even more sad is how many of our citizens have their hands out and scream "Gimme gimme gimme", while some candidates respond "Here you go."
October 7th, 2008 at 11:39 am
Buy votes using the peoples' own money, that's the Dim-o-crat way.
October 7th, 2008 at 12:04 pm
We don't need tax reform at all. My wife was a GM at a restaurant that closed because of bad management higher up. Her cries (much like ours) went on deaf ears. A problem that was attributed to a multi-million dollar computer system which incorrectly calculated inventory was instead blamed on the staff. They were apparently stealing inventory day in and day out.
She worked there over nine years. Some of her employees have over 15 years with the company. They are viewed as high risk and are already at the $8 an hour wage cap. Her resume looks great but for now she has to file for unemployment which is… you guessed it: taxable income.
Our government is currently the definition of corruption. The same culture is inculcated in many of our businesse. People don't make a living producing anymore; they buy someone else who produces, gut the company, and sell it off.
In the case of my father's company, they bought the company, gutted it, negotiated with the union, came to an impasse on a new contract, were offered a chance to continue under the old contract while renegotiating and instead locked out the union.
My father's been out of a job for about two months now. Since he was locked out the New York State Department of Labor won't waive the 7 week waiting period for unemployment benefits. The same benefits he paid for with his taxes. The company hasn't returned paper work sent to them by the Department of Labor.
The whole country is corrupt and we need more than an economic hiccup. We need projectile vomitting to spew out the bile these "business people" dare to call business.
October 7th, 2008 at 12:21 pm
The only type of tax reform I agree with is one where we end up with less taxes and more money we have earned in our pockets.
A cut in spending would also be ideal.
But neither candidate here is going to do that to the degree necessary and we're all going to be in the crapper soon enough after all.
October 7th, 2008 at 11:50 pm
A cut in spending is required. Unfortunately, we conservatives aren't in control. We're also in a war and more tumultuous times are ahead. We're going to get deeper into debt and these socialist pigs are looking to get us in deeper and do what socialists typically do.
Our money will go to helping all the useless, worthless and stupid. We'll be supporting those who can't and those who won't. We'll be putting food on someone else's table before our own. Our children will starve but we'll be able to provide for our fellow man.
We'll also make sure that the right people get the earmarks they need to further crush us. Disgusting.