Feet on the ground – head in the clouds.

Non-partisan Tax Policy Center analysis of the candidate’s tax plans

with 2 comments

ThinkProgress has the scoop, but the analysis was done by the Tax Policy Center, a non-partisan group. This is the main message that must sink in with most Americans. If you do not make over $250,000 per year (which is most of us), you will be better off with Barack Obama as President.  Maybe the most telling example of these bold-faced lies is the exposure of John McCain’s record on economic reform, which is absolutely ZERO according to House Financial Services Committee Chairman Barney Frank.

It’s a pretty sad state of affairs for Republicans when even Megyn Kelly of Fox News is forced to call the McCain campaign out on their typical “he’ll raise your taxes” lies. Alan Greenspan even admits the country cannot afford the $3.3 trillion in tax cuts proposed by Sen. McCain without a corresponding cut in government spending. McCain claims that earmark reductions will help finance the cuts, but this is baseless at best. CNN says of McCain’s tax proposals that “high-income taxpayers would benefit more than everyone else” while Obama’s would favor “in terms of reducing their taxes as a percentage of after-tax income – are in the lowest income groups”.  Even wealthy Americans should understand that when the middle class has more to spend, they will have more potential to capitalize.


2 Responses

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  1. Yep. Obama will cut taxes to everyone unless they make more than 250K. McCain is lying about Obama’s tax plans.


    September 15, 2008 at 11:44 am

  2. http://alchemytoday.com/obamataxcut/

    This site has a tax cut calculator, but it’s called Obama Tax Cut, I was hoping for something unaffiliated.


    October 15, 2008 at 9:32 am

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