Obama Claims ‘Nobody Disputes’ Disputed Tax Cut Claim

I dont think you realize what you are saying here, Jake. You’re telling me that this group in fact agrees that Obama would cut taxes for 95% of Americans, unless you count corporations as people. They are in fact NOT disputing his claim, leaving you lacking any proof for your thesis.

It’s possible that he’s cutting taxes to whatever 80% 95%. It’s amazed how stupid people think that this will help them. They got tax cut but pay high prices for consumer’s products. I love Fred Thompson’s speech, especially the taxing business part. But again, maybe most of the American people are too dumb to understand what Thompson said. Obama will give tax cut to anyone who make less $250,000. Well, small businesses cannot survive with making revenue of less $250,000. So I didn’t understand what he was saying about cutting taxes for small businesses. Also, he said tax cut for small businesses so that businesses can provide health insurance to workers. What?? are you kidding!! no small businesses afford to provide health insurance to all their employees, which mostly part-time. This will be an incentive for small businesses to work more hours and not hiring anyone.

aaron
what about Mccain’s lack of ability to do ANYTHING than we have been doing on healthcare…
you want to know who has a better financial plan for middle America…
the market will work the product costs…
it should not be the market working bureaucracy costs.
why is it Mccain and your buddy Thompson wants to say the market will work for insurance and healthcare (where we have seen left that way as it has been for 8 years is going to destroy a lot of Americans…evne the ones with cushy insurance)…but yet it won’t work on…the actual market itself…oy.
The rich have been getting richer the numbers show that and people like your self are either fooled by the those rich making your argument or they are rich themselves.
the economy is built on the ability of the middle class retail…
our finance is out of control so where exactly is Mccain seeing loopholes that Obama isn’t with his promises.
Mccain is George Bussh I “read my lips…no new…”
fill it in…
Obama is saying I am going to tax the section of our nation that can handle it in these times…and not be fooled by trickle down economists…even if they will play it when it happens.

again Aaron
Mccain is going to tax you …he has to…
if you are rich Obama will too…
if you are middle class Mccain is lying to you like George Bush Sr.
his numbers don’t add up…and if he could have cut spending that much (you know wehn he was saying I don’t know much about the economy)…
why didn’t he do it then…oh because he suddenly is going to be President and be able to do that…
no he is selling it to you….and the American people
there will be new taxes…the question is…will it weigh more on those who aren’t suffering the risk of losing everything …the general pop which is the basis of our economy…or will it be John mccain who isn’t telling you who he is going to and how he is going to tax you.

Under the Bush tax cuts, the wealthy got a much larger reduction. Giving the middle and lower class a reduction is fair – it is NOT welfare.
Check several articles on Fact Check, including the one on McCain’s speech last night about the many distortions about Obama.
Check the one on August 8, 2008, updated August 12, 2008
“McCain misrepresents Obama’s tax proposals again. And again, and again.
McCain has been twisting tax facts about Obama as far back as June 10, when he gave a speech to a small-business gathering saying: “Under Senator Obama’s tax plan, Americans of every background would see their taxes rise.” There may be persons of “every background” among the affluent, but McCain’s phrasing was misleading. These ads continue his long-running pattern of deception on taxes.”

aaron: “small businesses cannot survive with making revenue of less $250,000.”
Revenues is not profit. Profits are taxed. You can have millions in revenues and still have an profit below $250.000.
Obama’s taxplan will actually stimulate smaller business to invest in making investments, etc. Anything to get profits below that thresshold.

so I skipped a few accounting classes in college, but when exactly did a person’s personal wealth have anything to do with that of their small company, that is to say that he or she did not get themselves in over their heads to begin with… Most companies don’t even show a profit until after five years or so. I am self-employed and hate taxes as much as anyone, but nothing in life is free. There are certain things we, rich and poor alike, all need to pay for; public education, public services, police, fire departments, libraries, public transportation.
I think the real question is what exactly is getting taxed? Multi-million dollar homes, incomes over six or seven figures, stock in billion dollar companies? Hey, that’s fine by me. I don’t even know anyone who makes that much money….well, maybe one or two.

This is how I read Tax Policy Center
Lowest Quintile – $-567
Second Quintile – $-892
Middle Quintile – $-1118
Fourth Quintile – $-1264
Fifth Quintile – $3017
This is why Blue Collars will not vote Obama because they will get minimum benefit. Only Middle Class will be benefitted.

It would be better all around if NOBODY got a tax cut. Cutting spending and finally balancing the budget (and maybe even paying down the national debt) would help everyone in the long run.

This is why Blue Collars will not vote Obama because they will get minimum benefit. Only Middle Class will be benefitted. ”
Tim,
You do realize that McCain’s tax cut for that same percentile is less don’t you?

Don Pompea you are smart and correct on your sound judgment. We all should pay the darn thing period. It is our country we are paying so there.

The most cynical thing about this is:
The Bush tax cuts are set to expire.
Democratic congress will not renew the tax cuts on the wealthiest Americans.
McCain is lying when he says he can cut taxes for the rich. He knows this. But he is saying it so that he can get elected.

He’s going to raise taxes. That really can’t be disputed.

McCain attacked Obama for supporting “corporate welfare” for oil companies:
McCain: [I]nstead of freeing ourselves from a dangerous dependence on foreign oil, both parties and Senator Obama passed another corporate welfare bill for oil companies.
The bill McCain is talking about here is the 2005 energy bill, which actually raised taxes on the oil industry a little bit overall – by about $300 million, according to the nonpartisan Congressional Research Service. Meanwhile, McCain himself proposes to cut the corporate rate for all companies – oil included – and that would result in an estimated $4 billion cut for the five largest U.S.-based oil companies, according to the Center for American Progress Action Fund. Obama, on the other hand, is promising that he’ll strip oil companies of “tax breaks” to the tune of an amount yet to be determined.

“If the people have jobs, they will get benefits. Unemployment rate is 5 years high. Our Questions is what is Obama doing to keep our jobs?”

Obama has a plan to pay for all the programs he proposed,
He will put some money in a basket… wave his hands over it.. and multiply it like he did the fishes and loaves.

neville said, ”Obama has a plan to pay for all the programs he proposed,
He will put some money in a basket… wave his hands over it.. and multiply it like he did the fishes and loaves.”
Posted by: neville | Sep 6, 2008 12:17:24 AM
AHAAHAHAHAHAHAHAHAAAHHAHAHAAAAA!!!!!!!!!

Read the full report and see where Mccain tax cut is. It is for the balance of Obama cut and create the worst deficit ever. Even if will go with the great number of 81.3 percent McCain is 19.7 percent cut.

Jake,
You have been letting Palen get away with saying Obama has never sponsored 1 piece of legislation in his whole career over & over – not a nitpic but a blatant lie

timesuprepublican,
McCain: Obama’s plan will force small businesses to cut jobs, reduce wages, and force families into a government run health care system where a bureaucrat stands between you and your doctor is all true.
Obama’s proposal to exempt “Small businesses means nothing. What is a “small business” 5 employees? big deal.
The fact is that any business, large or small, that is forced to pay higher taxes, as Obama proposes, will lose money to Obama and his buddies in the government. Money that pays the salaries of workers, perhaps your salary. So who does Obama hurt by forcing businesses, large and small to pay higher taxes, you and me, that’s who.
Further, Obama’s government plan for health care will compete with the private sector health care plans. That means the private health care plans will be run out of business. The truth is that Obama’s plan will ultimatly “force” families into a “government-run health care system.” Further, who is going to pay for providing a health care programs similar to what members of Congress have? Answer. You and I. Who will pay for Obama plans to cover the health care costs of illegal aliens? Answer: You and I. Plus, who will pay for Obama’s plan to expand Medicaid and the State Children’s Health Insurance? Answer? You and I.
Bottom line, if all of the above pie and the sky health care plans ever get implemented, there won’t be enough money in the whole wide world to pay for all the “free” health care Obama is saying the government will provide. So guess what, health care will be rationed and you can bet your bottom dollar that some government bureacrat will be deciding who get what health care when. And once all the private sector insurance companies are run out of business thanks to Obama, no one will have any choices anymore. Than Lord Obama will be able to say who lives and who dies in Obama’s vision of better world run by the dead hand of government.

“Our internal projections show Obama as the best chance to grow the economy . . .”
Wall Street tends to favor Obama. Maybe that’s because the potential for economic growth is seen with him. I’ve also heard Wall Street tends to throw support behind the presidential candidate who’s thought most likely to win.

If Senator Obama lowers nearly all the taxes on people, where is he going to get the money for all those expensive programs that will cost billions and billions.
His plan for Reparation to Blacks for Slavery is a mere $1.4 trillion.
THAT IS ONE POINT FOUR TRILLION USA DOLLARS. geeeezazzzzzzzzz.

MARY,
Instead of repeating the lines of John McCain’s speech. You should actually READ the plans put forth by the candidates.
You’re insane if you think making the INDIVIDUAL pay for 100% of their health care is going to save you money. It will triple the cost of your heath care coverage – and that’s if you qualify for it at all!
All that it does is take the burden off of big business to offer coverage for their employees. Sure, THEIR profits will go up because of reduced costs, but NO WAY that is going to be shared with the employee.
Mr “I haven’t done anything but get captured 30 years ago” McCain HAS NO PLAN! But Johnny McCain will wave a flag and you’ll vote for him and Ms Alaska (GOP puppet with breasts) because your an idiot!

Mary
Q “If Senator Obama lowers nearly all the taxes on people, where is he going to get the money for all those expensive programs that will cost billions and billions”
A
Ended the tax cuts for the top 5% closing tax loopholes for corps end the war in Iraq and ask Iraq to pay us back some of what we have spent.
(All the reports say that both mccain and obama will have to borrow money) Obama however says he will balance the budget but it will not be done in his first term!
I myself think too once Obama is in office American exports will go up becuase we will be liked again around the world!

Don’t buy into the hype!,
I have read Obama’s health care plan and McCain’s and you are insane if you think that a transfer of wealth from the private sector to the dead hand of government is going to save money. The the corruption, the red tape and incompetence in government is beyond belief. A government run health care program will will quadruple the cost of your heath care coverage. Not only that, some government run committee will be sitting on high deciding who gets what health care if any. Obama’s plan is health care by government fiat. Government is not the answer, government is the problem and it always will be. Also, your below comments show what a bigoted, mean spirited, sexist you are.
Posted by: Don’t buy into the hype!:
“Mr “I haven’t done anything but get captured 30 years ago” McCain HAS NO PLAN! But Johnny McCain will wave a flag and you’ll vote for him and Ms Alaska (GOP puppet with breasts) because your an idiot!”

McCain: His plan will force small businesses to cut jobs, reduce wages, and force families into a government run health care system where a bureaucrat stands between you and your doctor.
The claim that “small businesses” would have to “cut jobs, reduce wages,” runs counter to Obama’s actual proposal. Obama’s plan would require businesses to contribute to the cost of insurance for employees or pay some unspecified amount into a new public plan. But his proposal specifically says, “Small businesses will be exempt from this requirement.” And it offers additional help to small businesses that want to provide health care in the form of a refundable tax credit of up to half the cost of premiums. We’ll note that neither man has defined what exactly a “small business” is.
Furthermore, Obama’s plan wouldn’t “force” families into a “government-run health care system.” His plan mandates that children have coverage; there’s no mandate for adults. People can keep the health insurance they have now or chose from private plans, or opt for a new public plan that will offer coverage similar to what members of Congress have. Obama would also expand Medicaid and the State Children’s Health Insurance Program. His plan certainly expands government-offered insurance – and McCain’s doesn’t – but it’s not a solely government-run plan, as McCain implied. And if Obama’s public plan turns out to be similar to what federal employees have, as he says it would be, we’re not sure how “a bureaucrat” would stand “between you and your doctor.” The possible exception would be persons covered by Medicaid or SCHIP.
McCain also made this boast:
McCain: My health care plan will make it easier for more Americans to find and keep good health care insurance.
Fair enough. But McCain’s plan wouldn’t do nearly as well as Obama’s. One comparison, by the nonpartisan Urban-Brookings Tax Policy Center, finds Obama’s would reduce the uninsured by 18 million people in its first year, compared with a 1 million reduction under McCain’s plan. TPC made various assumptions about the plans to fill in details each proposal lacks, so those numbers aren’t definitive. We await more comparisons from other experts.

Although I’m still planning to pull the lever for Obama there is one thought that concerns me. If it is true that McCain/Palin are going to be the ones to finally go after runaway spending in Washington, doesn’t that amount to a bigger payoff to all of us than tax cuts or tax increases for anybody? I suspect that Obama is not going to lift a finger to reduce spending. I believe that there is only a 50-50 chance that McCain will really and truly go after pork barrel spending. If he wins and he doesn’t, he will clearly be a one-term President. At the end of the day I’m going to vote for Obama for the Supreme Court possibilities, but I don’t think Obama has it in the bag, and this is not a reason to be passionate about Obama. There are no particular reasons to be passionate about Obama. Sorry, I just call it like I see it.

mary,
Simple fact healthcare compaines are for profit of every $1 spent on healthcare insurance on 52% is spent on healthcare! The rest goes to admin and shareholders!
A Public ran system.. For every $1 spent 94% is spent on healthcare costs. Thats 6% or six cents lost to admin there no shareholders profiting!
That simple fact that whats wrong with Obama’s system he allows this waste to continue. But you do have the choice to buy into the same system the the house and senate use which is the best Choice.
Obams plan lets you keep your own or move to the same plan that covers Mccain!

WestCoastMessenger, I do not know why you are so concerned about Supreme Court. My view is that I do not want a Supreme Court that writes laws from the bench. I would rather my elected representatives write the laws. I think that is what our founding fathers intended. Otherwise, why fight the Revolutionary War? Just let King George rule the day with no representative government. That is what I think, Obama would do. Appoint justices that would rule like King George did and to hell with the will of the people.

mary,
Yeah who needs government. Since we can now use cell phones on airplanes we can do our own air traffic control.

Leonard Peltier, If the government would confine itself to traffic control, Defense and the post office that would be fine with me. On second thought, maybe not the post office.

Bush speechwriter Matthew Scully had crafted the speech and message even before Palin was picked. With minor changes to match Palins biography, A match made in heaven.

According to the latest Gallup, 48% to 43% Americans prefer the tax policy of Obama. According to the TPC, the 60K – 111K earners, who typify the middle class, will have their taxes cut around $1000 with Obama. With McCain, their tax cuts would be $300. McCain would decrease taxes for the very top tiers of wealth, while Obama would increase the taxes for that category. If you’re rich and don’t want to give back to your country, then it would make sense to vote McCain.

Thinking, If I was to choose between Obama and Palin for President, I would choose Palin any day. Palin has a track record of executive level experience. Obama has no executive level experience. Obama may have a nice list of good sounding job titles. Problem is there is no there there. Other than getting a lot of star struck people to vote for him, Obama has a track record of zero accomplishments. What this really says about Obama, is that once Obama gets the job he is after, he does virtually nothing with it. No academic papers, no articles, no accomplishments as a community worker, no written legislation, nothing.
By the way do not tell me about the one bill Obama co-sponsered in the Senate. Obama did not write the bill it was an update of a prior bill. Big deal. Come to think of it, not a big deal. Obama is a joke.

Kat, Once the public become aware of Obama’s true plans for tax increases the polls will be in favor of McCain’s plan. What you neglected to take into account is that Obama’s plan will get rid of President Bush’s tax cuts whereas McCain will keep them in place.
What this means, if Obama gets his way, is that a family of four taxes earning $50,000 will go up by $2500. Also, based on your example, a family with no children earning $100,00 taxes will go up by $1500.
So you see Obama is playing games with the public. Obama is claiming he will decrease taxes when he is actually raising everyone’s taxes This is due to the fact Obama will be getting rid of President Bush’s tax cuts which you do not take into account in your little diatribe.
President Bush’s tax rates that Obama will get rid of are below.
27% rate goes to 25%
30% rate goes to 28%
35% rate goes to 33%
38.6% rate goes to 35%
The existing 10% and 15% rates remain unchanged
The other part of Obama’s tax plan that is very very troubling is that people who are currently not paying ANY taxes will be getting a welfare check disguised in the form of a tax rebate. With the deficit as high a it is, my question is, just where is all this money coming from. You guessed it, out of the pockets of the hard working folks like us and by weakening our Defense and military in very dangerous times. Bad, very very bad.
McCain/Palin 08

Sam – Very quickly and simply, yes, McCain will keep the tax cuts and also increase them- the tax cuts to the very top tier of earners. Given the current state of economy, most Americans don’t want a facsimile of the Bush economics.

sam and ilk – yall are wrong. obama’s plan actually even doubles the tax cuts for 60% of americans. the only ones that get w’s cuts rolled back are the top 5%.
It’s sad to see McCain’s folks voting against their own economic interest, taking his word at face value when it’s a direct lie. Unless McCain’s supporters are just top 5% of income earners. But they’re about half the country. And you can see below that squarely half the country is actually just left out of McCain’s tax relief, getting less than a measly 1% tax cut.
The obvious facts of the matter are McCain’s tax plan is way lop-sided versus Obama’s
And even that doesn’t bring it back to pre-W/Clinton-era rates for the rich, when there was kick-ass growth. So don’t worry, the rich are still pretty rich. Just not dirty rich at the expense the rest of the country gets poorer. Consider that 75% of all income gains during the Bush Administration have gone to the top 1 percent of earners. Another decade perpetuating this kind of distorted rewarding of the pie, we’d have a real class revolt on our hands.
End of day, Obama’s plan is mainstream and prudent, though not a slogan-friendly, economic policy.

You see this is great news for America that Democrats will really help the poor and the middle class, but the way you write it, you make it seems as bad.
So, I guess you need to take responsibility of what is your personal agenda and how you are trying to influence your readers.
Bias information hurts people.

Obama has no plan to give tax break. He will give breaks to free-loaders at the expense of hard-working folks. Obama’s line of rich/middle class always changing. The line will eventually end up somewhere around a family income of $100000. If he wins, we will go back to the days of Carter-Mondale. If you think economy is bad now, just wait for Obama to take over. You ain’t seen nothing yet.

mccain is against obama tax cut—-you see he is above that 250 thousand income –along with the rest of his crony friends—–down with the old (geser) up with the new .
go obama the peoples friend.

PS – under my plan, NOBODY can dispute that the bottom 95% of wage-earners would be helped!

Obama is very fake. He has fooled more people in less time than anyone has before him.

YOU SEE GANG IF MCCAIN FAVORS THE WORKING STIFF HE WOULD BE CUTTING OFF THE BIG BUSINESS HAND THAT IS FEEDING HIM——-I DONT THINK HE IS THAT STUPID—–BUT HE WILL TELL YOU ANYTHING YOU WANT TO HEAR DELIVERING WILL BE A DIFFERENT MATTER

Rodney, Obama’s tax cut does not even cover my Car Gas.
with
($60 a week) X (4 weeks a month )X (
12 months in a year) = $2880 expense
So,I think Obama will have to go to China. At least McCain/Palin is talking about drilling.

Okay, how about my scenerio. We make under 250K a year, but we just inheritated money which will throw off dividends and be subject to the capital gains tax rate. So if Obama wants to raise CG taxes, then my household under the limit of 250, will in fact, see a tax increase. Correct? I wonder how many other families like mine are out there. How many retired elderly folks?

Read this interesting article “Decoding Obama’s claim McCain would deny tax relief” in yahoo finance or CNN Money

Mr Obama Adopted his tax proposal After
the German post war economy economy changes.
It might of worked with Germany in 1945 and the conditions of the times. Today is another time and place. I think he is just using it, to have something to say to gain votes.
“Along with currency reform and decontrol of prices, the government also cut tax rates. “Military Government Law No. 64 cut a wide swath across the German tax system at the time of the currency reform.” The corporate income tax rate, which had ranged from 35 percent to 65 percent, was made a flat 50 percent. Although the top rate on individual income remained at 95 percent, it applied only to income above the level of DM250,000 annually. In 1946, by contrast, the Allies had taxed all income above 60,000 reichs marks (which translated into about DM6,000) at 95 percent. For the median-income German in 1950, with an annual income of a little less than DM2,400, the marginal tax rate was 18 percent. That same person, had he earned the reichs mark equivalent in 1948, would have been in an 85 percent tax bracket.”
In a book and history it might look good, to many different variables and differences from then until now.
It seems Obama is So attracted to Germany,Adopting and Using Hitler campaign tactics and practices. Now the tax refrom and economy.
Will Mr Obama’s Mind manipulation win over Americans Common Sense.
All of you can relate to the German people, they did not know what came over them, the process was smooth and transformed their minds.

I am so sick of people calling John McCain a war hero. He surrendered and was captured by the enemy!! Not the kind of hero I want leading this great land. My Dad was a real war hero. Fought in WWII, saw combat. Earned the silver star and a purple heart. He would have died fighting for his country. McCain will lead with the same cowardly spirit he showed surrendering to the Vietnamese.

Oh, and by the way Mike, unions are worthless too.

some easy to use suggestions for the over taxed citizen…
anyone paying too much in taxes has 2 (or 3) very easy means to alleviate that problem.
a) “work” (thats a dichotomy if there ever was one, ie; a rich person actually working…) less = make less money = pay less taxes
now i realize that scenario might mean less country club memberships and less 2 month vacations ,less houses etc, but it WILL mean less taxes paid out on 4/15. problem solved ,right?
alternatively i present option B.
b) give away more $$ to responsible charities = better world = pay less taxes
plan b would be my choice i think ,but there is always plan c….
MOVE TO VENEZUELA!!! GO GO GO!!!

GOP, trying hide from all economic/ war SS and environment failures and like a parrot saying what McSame did 40 years ago! Since then he is as corrupt Politician as any other! If War Hero is the only thing needed to run this country, why McSame lost to Bush ( run by Chaney) in 2000 and Kerry in 2004?
America cannot live on McSame’s Biography, she needs to write her own Biography for future generation!!
NO MORE 4 YEARS OF BUSH/MCSAME! SO HELP US GOD!!
OBAMA08!! YES WE CAN!!

B.Marks…i personally would like to see the “documented ” taxation evidence to which you refer…sounds like bs to me.
how can 5% -10% of the taxed populace outpay the other 90%-95%? the answer is : they cant and dont…its just not possible ,not in the real world but i guess in B.Marks make believe world anything goes…

Obama can’t possibly pay for all his new handouts, balance the budget, and give the middle class a tax cut. He’s just trying to buy votes.

If you have 4 kids we will give you”this much’ back in taxes, If you buy a house we will give “this much” back in taxes, if you buy insurance we will give you this…..all this simply means that if one adheres to what the Government deems suitable then they will let you keep some of your earned money and in some cases give you someone elses earned money. We all need to pay a fair share but if some us get some back someone else has to pay. Simply raising it on business will insure that as we buy from this business that their products will become more expensive and it is we who will pay in the long run. There is a solution and that is a consumption only tax or a flat tax.

Obama and the Democrats are going to tax you poor suckers like you have never seen before. High gas and food prices are just the opening shot of Nancy Pelosi and Harry Reid’s Democrat congress.

It is absolutely amazing that there are actually people who believe the rich are not paying their fair share and that they need to give more back to their country. The top 1% of tax payers pay more than the rest combined. The top 10% pay almost everything. If that is not their fair share, then what exactly is?
The Obama plan is nothing more than a plan to buy votes by taking money from the people who earned it and giving it away to the people who didn’t. It is absolutely amazing that people on here are arguing that the government should take more and more money away from the people who earned it. So much for economic freedom.

Life’s losers are the ones who want to get the ‘rich’. Maybe work a little longer and work a little harder and learn how the government helps the taxpayer.

The Brookings Institution and Urban Institute are each left leaning liberal biased organizations. Why not throw in some facts from the Heritage Foundation just to balance the discussion.

Palin is reported to have attempted to ban certain books from libraries while mayor of Wasilla, Alaska.
Palin attends a church where speakers charge that violence against Israelis is divine punishment for the failure of Jews to accept Jesus, just two weeks ago.
Palin’s also used her line-item veto as Governor to slash funding for an Alaska shelter that serves teen mothers.
go figure

As John Playfair said 150 years ago, ALL TAXES ARE ULTIMATELY PAID FOR BY THE POOR. It doesn’t take a genius to understand that – just a thinker.

its simple really. this country needs revenue to run to provide services so that each of us can live and profit (some more than others evidently)
that is why, when we work or run a business we are taxed for wages and profits.
one problem that arises is that there are some deep imbalances in this country as far as wages (and wages for profit) are concerned ,geographically, demographically ,and job quality wise as well.
so you might live somewhere where the avg wage is $50 an hr for dog catcher ,and i live somewhere where the avg wage is $20 for dog catcher.
so maybe your dogcatcher make more than mine ,and he pay more taxes than my dogcatcher…that sounds pretty fair to me. maybe there is an economic slowdown in my area due to layoffs at some big factory , and jobs are hard to find. maybe things are great and the economy is wonderful…
WE ARE ALL AMERICANS AND JUST BECAUSE YOU ARE DOING GREAT JUST BEING WHERE YOU ARE IS NO REASON TO FORGET ABOUT OTHERS WHO ARE STRUGGLING IN PLACES NOT DOING AS WELL. WHEN KATRINA STRUCK NEW ORLEANS ,IN ANY EMERGENCY OR TIME OF NEED ALL AMERICANS SHOULD WORK FOR EACH OTHER. THE REALLY RICH DONT CARE ABOUT ANYTHING BUT THEMSELVES ,IN LARGE PART ANYWAY.
I KNOW LOTS OF PEOPLE WHO WORK 50 HRS A WEEK AND ARE BARELY MAKING IT,NOW WHO IS LAZY ? WHEN ANYONE HAS TO WORK 50 HRS A WEEK AT ANYTHING JUST TO SURVIVE THERE IS A PROBLEM AND IT IS BECAUSE THE RICH ARE NOT PAYING ENOUGH $$ OVERALL TO KEEP THIS COUNTRY RUNNING THE WAY IT SHOULD BE.
THIS COUNTRY NEEDS MONEY TO RUN AND IT SHOULD OBVIOUSLY COME FROM THE PEOPLE WHO BENEFIT THE MOST!
I DONT CARE IF THE TOP RATE IS 95% , MAKE IT SO IF THAT IS WHAT IS NEEDED TO MAKE THINGS BETTER FOR THE MAJORITY.
THE MAJORITY SHOULD RULE! THIS IS A DEMOCRACY RULED BY THE RICH! THE RICH ARE A MINORITY!
people that complain about paying out too much in taxes always have 1 thing in common…greed.
if you feel you are taxed too much in the usa,now or in the future please leave and go “work” somewhere else ,see how that works out.

usa ,love it or leave it! ever hear that one?
you go mr. obama , raise taxes on big business and rich people as much as possible…. !!!!!!!!!!!!!!!!!!!

Good lord… if you were HALF as hard on McCain as you are on Obama, this race wouldn’t be a contest. The entire GOP convention was a three day orgy of lies, half-truths, and baseless bombast.
Why be such sycophants? It disgraces the profession of journalism and your network to be so willfully blind to reality. Americans are counting on you to represent truth, NOT give equal time to arguments you know are false or hypocritical.

When Obama says he is going to raise taxes on the elite, he fails to mention that he is really going to tax low and middle income people too. Obama wants to raise the capital gains tax by a significant margin.
The capital gains tax not only effects corporations, it effects small businesses. Over 70% of workers are employed by small businesses and over 23 million people own small businesses. By significantly raising the capital gains tax, Obama is going to make it harder for those people to work and earn a living. If small businesses do not have as much money, they can’t afford to invest for company growth, they can’t afford to give their workers raises, and part of the tax burden placed on the business will end up on the consumer. If too much is placed on the consumer, the business will go bankrupt, leaving workers unemployed.
Lets think about this here. Taxes go up, prices of goods go up, inflation goes up, consumers can afford less. Who does this hurt the most? The people struggling to put food on the table.

To bah, the reason your dogcatcher is paid $50 in one area and $20 in another is based on the differences of the cost of living. The cost for the same basket of goods for the $50 dog catcher is over double the basket of goods for the $20 dogcatcher. That’s why households in Nebraska can live comfortably on $50,000, while people in NYC need at least double to live the same lifestyle.

americaisarepublicnotademocracy = has no clue
why dont you go start your own skinflint country? till then you need to read the part in the UNITED STATES OF AMERICA constitution where it (basically but clearly ) says the government can tax as needed to secure and defend itself. this country RUNS off of taxes and buddy , you WILL PAY.
you will pay taxes ( on a sliding scale graduated for wealth )for things you personally dont like, that you personally dont want ,and that you dont need BECAUSE YOU LIVE IN A COUNTRY WHERE THAT IS THE LAW OF THE LAND.
IF YOU DONT LIKE THAT IDEA….GO/MOVE SOMEWHERE ELSE!! FAST!
you know cheapskate ,why not just move to haiti ,they have really low taxes…
sad to think this is what america is made of these days.
no wonder the rest of the world is disgusted with the upper/ruling class of america and their intrinsic capitalistic greed/selfishness and ignorance .
i know i surely am.

@ Lynne | Sep 6, 2008 1:50:42 PM
Under Obama’s plan you would pay no capital gains in your situation. The 28% would be on any amount above the 500k exemption for selling your primary home. No one would pay any capital gains tax on the sale of your home as long as the profit was less than half a million dollars. Anyways, more people are probably worried about avoiding foreclosure these days.
The excessively low capital gains rate of the past 8 years has created perverse incentives which weaken our economy and prevent it from growing as much as it should. In order to have the highest level of economic growth, tax on income derived from Capital and income derived from Labour should be in balance. The current policy is based on the fanciful notion that supply (ie. the new production capacity created by investment) creates it’s own demand.

Er, Mr. Tapper, at the end of posts like this one, you need to make sure you add, “Just sayin’.”
Just sayin’. :o)

Does anyone think that Obama will actually follow through with this tax cut if elected?

@ Michelle
I’m usually discouraged from posting here because of the absence of meaningful discourse. Glad you dared me. I look forward to a discussion and I hope there is a possibility that we can keep an open mind since we are talking about the future of the country.
==ALL energy professionals say that it is impossible for Americans to release themselves from dependency on oil until at the earliest 2050.==
Not so. As with all other projections, this is a highly flexible time line that depends on who you talk to. My suggestion: let’s leave the projection out and focus on the tangible matters for now.
==Yet Obama does not want to drill or put up nuclear power plants. Instead he wants to invest solely in renewables.==
Not so. I believe Obama is open to nuclear plants to a limited extent. The problem with nuclear plants (and this is a very serious issue) is the waste, of course. For nuclear plants to work, you would have to find a way to get rid of the waste very very carefully or else you are exposing local communities to radioactive waste (which translates to cancer and generation after generation of your kins laying in bed and suffering). You could build the plants in very remote areas very far away from people but we don’t have the electricity infrastructure (the Grid) to distribute it effectively from remote areas… this is a fact: the nation’s Grid is seriously overloaded and is in continuous danger of breaking down completely.. which means a national blackout, which means an economic disaster worse than the Great Depression. So “clean energy” is phrase with very meaningful consequences.
== Well, unfortunately there are projections that say over the next decade, renewable energy only has the potential for covering 20% of our energy demands==
Again, not so. I would like to know where you get the projections because these are very subjective conclusions.
==Plus, renewable energy technology takes time to invent and refine, no matter how much money you throw at it. Once the technology is there, who is going to be able to afford it? Answer: the first couple years only the rich, because new technology is expensive.==
I apologize if i am coming across as too critical but your conclusion there was very mistaken. The major thing about renewable technologies is that most of them have already been invented and are just waiting to be claimed. Surely you are aware of the technological advancements of the 21st century. I can’t stress this enough: renewable energy technologies are classified under the easiest technologies to invent (innovate) and of the cheapest to refine. For that reason, the major thing about them is that they are the type that would come cheapest to the middle class and the lower class. BUT, only if we get them out into the public before giant investors claim them, which brings me to my point…
I know this is almost a cliche, but oil people are the ones working the hardest to create a blurry public opinion about an otherwise straightforward matter of renewable energies. They want to take while they transfer their resources from the oil industry to the renewable resources. case in point: T Boone Pickens. The future is inevitable, we are moving from oil to renewables. the critical question is “when?”. It can happen now under government watch or it can happen in 10-12 years after oil giants have controlled it the way they control oil today and after our economy has suffered some more. Only THEN would renewables come at a more expensive price to the middle class and lower class.
==It takes time and money to build the infrastructure. Example: Pumps that release hydrogen or natural gas rather than oil.==
Good point and I agree. But do you know of such a thing as Hydrogen power plants? They are plants just like nuclear power plants, except for the nuclear part and without the radioactive waste. The more of them we have the easier it is to build the infrastructure quicker (read: clean jobs). They are part of the Obama renewable energy plan.
==Plus oil is used in more than just gasoline and home heating==
I don’t want to make this longer than i have already made it but that was a good distinction. The major thing about energy sources is that you can classify them as direct used and indirect used (eg electricity and oil for heating). The one needing massive attention is the indirect one as it ends up having an impact on a bigger scale.
Sorry for the long post and thank you for inviting an intelligent discourse. Lets all vote based on the issues. PLEASE PLEASE don’t vote for a politician or against a politician. They don’t know you exist so please lets vote on the issues pretending like the candidates don’t even exist.