By Arnab Datta

Oct 31, 2008 4:35pm

McCain Now Wants Permanent Cap Gains Cut

ABC News’ Teddy Davis, Arnab Datta, and Rigel Anderson Report:

John McCain altered his tax plan Friday, saying for the first time that he would like to slash capital gains taxes in half on a permanent basis — not just for the next two years. 

"Look," McCain told CNBC’s Larry Kudlow, "I’m at 7.5 percent, I’d like to keep it permanently at 7.5 percent."

Watch it here.

Originally, McCain wanted to maintain the current 15 percent tax rate on long-term capital gains.

Seventeen days ago, as part of his "Pension and Family Security Plan," he proposed reducing the capital gains tax rate to 7.5 percent for the next two years.

McCain is now calling for permanently reducing the capital gains rate to 7.5 percent, according to McCain spokesman Brian Rogers.

The Arizona senator told CNBC that he wants to lower capital gains taxes and keep them low to encourage investment in difficult economic times.

An expert with the non-partisan Tax Policy Center says that "the bulk" of the tax benefits under McCain’s proposal would flow to the wealthy.

"Two-thirds of the tax savings from cutting the capital gains rate in half would go to taxpayers with incomes above $1 million," said Roberton Williams of the non-partisan Tax Policy Center. "Ninety percent of the benefits would flow to Americans who make more than $200,000 per year."

The Obama campaign reacted to the change in McCain’s tax plan by comparing it to the "fiscal games" of President Bush.

"John McCain’s tax shift is just the latest proof that his economic plan represents four more years of George Bush’s policies," Obama spokesman Hari Sevugan told ABC News. "George Bush played fiscal games to pretend that tax cuts were temporary, and then turned around to make them more expensive and permanent at the first opportunity."

"John McCain isn’t even waiting for the election," he continued. "He is making his tax breaks more expensive with larger giveaways to the wealthy just weeks after first announcing the plan."

Asked on CNBC why he does not discuss investors more often on the campaign trail, McCain said that a lot of the people who come to his rallies are "frankly . . . people that are having trouble staying in their homes, keeping their jobs, etc."

McCain is hoping that the investor class, which he says includes the "Joe the Plumbers" of the world, will support him on Tuesday once they compare his plan to that of his Democratic rival.

"I hope we’ve connected with the investor class," said McCain. "But I also have to tell you, Larry, the people who want to invest are the Joe the Plumbers of this world who want to own their small business, they want to employ people, and they want to invest in their futures and in the stock market …"

Barack Obama has called for raising the capital gains rate from 15 to 20 percent on individuals making $200,000 and couples making $250,000.

He also has called for eliminating capital gains taxes on start-ups and small businesses.

The non-partisan Tax Policy Center has not analyzed the revenue effect of either McCain’s temporary or permanent cut in the capital gains rate. When McCain unveiled his temporary capital gains tax cut earlier this month, his campaign estimated that it would cost $10 billion.

The current 15 percent capital gains tax rate is paid by single individuals with taxable income of more than $32,550 per year or couples with taxable income of more than $65,100 per year. Individuals and couples below those thresholds pay no tax on their capital gains.

User Comments

GREAT PLAN PRESIDENT McCAIN

Posted by: reddog0216 | October 31, 2008, 4:36 pm 4:36 pm

Wow, McCain is so desperate he would pimp Cindy on the street if he thought it would help him get elected haha.

Posted by: JoeShmoe | October 31, 2008, 4:45 pm 4:45 pm

For Joe the plumber to enjoy McCain’s tax cut, he needs to:
(1) apply for a plumber license.
(2) pay his tax.
It’s funny to see McCain keep using Joe and not using the term “middle-class Americans”. I guess Joe is easier to manupliate.

Posted by: Licensed Plumber | October 31, 2008, 4:50 pm 4:50 pm

WHERE ARE PALINS MEDICAL RECORDS

Posted by: jim | October 31, 2008, 4:53 pm 4:53 pm

What Capital Gains now a days not Much Capital gains going on Why cant Mccain ever say MIDDLECLASS! What is he above that word?

Posted by: Angie | October 31, 2008, 4:53 pm 4:53 pm

You take a simple random sample of 1000 balls from an urn containing 120,000,000 red and blue balls, and your sample shows 450 red balls and 550 blue balls. Construct a 95% confidence interval for the true proportion of blue balls in the urn.
But what if . . .
• What if 40% of the balls have personally chosen to live in an urn that you legally can’t stick your hand into?
• What if 50% of the balls who live in the legal urn explicitly refuse to let you select them?
• What if the balls inside the urn are constantly interacting and talking and arguing with each other, and can decide to change their color on a whim?
• What if you have to rely on the balls to report their own color, and some unknown number are probably lying to you?
• What if you’ve been hired to count balls by a company who has endorsed blue as their favorite color?
• What if you have outsourced the urn-ball counting to part-time temp balls, most of whom happen to be blue?
• What if the balls inside the urn are listening to you counting out there, and it affects whether they want to be counted, and/or which color they want to be?
(And what, I wonder, if all around you, every day, you are told by all of the coolest, hippest, prettiest balls that your color is mean, irrelevant, unpopular, un-cool, evil, old, incompetent and probably racist?
Would you stick to your guns in the face of that, or keep your mouth shut and show ‘em when the curtain closes?)

Posted by: Please pass on | October 31, 2008, 4:53 pm 4:53 pm

That just shows how far right McCain is. George Bush’s buddy, indeed!

Posted by: teddymaniac | October 31, 2008, 4:58 pm 4:58 pm

Angie ,
I know you will not understand cutting capital gains taxes pushes people to invest in the market.

Posted by: reddog0216 | October 31, 2008, 4:58 pm 4:58 pm

McCain’s next priority: “I would consider a draft if it could be made fairer than the Vietnam era version.”

Posted by: doug | October 31, 2008, 4:59 pm 4:59 pm

SO IT DOESN’T BOTHER McCain that the wealthiest American like hedge fund managers, people who make HUNDREDS OF MILLIONS OF DOLLARS, should pay 7%.
Meanwhile, middle class Americans, who support their families with their paycheck WOULD BE PAYING all the government’s bills , and be in a 25% tax bracket!
WAKE UP!
WAKE UP!
WAKE UP!
WAKE UP AMERICA!
If the wealthiest Americans pay virtually no taxes then the MIDDLE CLASS has to pay the bill for our soldiers, cancer researchers, Social Security, bridge infrastructure, everything.
McCain and his wife are worth about $500 MILLION DOLLARS. All of his policies are designed to reduce the taxes of the rich.
Coincidence????

Posted by: John McCain's Conscience | October 31, 2008, 5:00 pm 5:00 pm

An expert with the non-partisan Tax Policy Center says that “the bulk” of the tax benefits under McCain’s proposal would flow to the wealthy.
“Two-thirds of the tax savings from cutting the capital gains rate in half would go to taxpayers with incomes above $1 million,” said Roberton Williams of the non-partisan Tax Policy Center. “Ninety percent of the benefits would flow to Americans who make more than $200,000 per year.”
————
Nice move again McCain. YOU ARE SUCH A LOOSER!!

Posted by: becky | October 31, 2008, 5:00 pm 5:00 pm

Is McShame not listening to himself? Alot of the people attending his rallies are trying to stay in their homes. They are NOT the Investor group! They are POOR Americans who have listened to a desperate OLD Man & his pathetic sidekick he likes to call a Maverick. It is SO obvious he is trying to protect his CASH COW he calls a WIFE. Wake up America!! VOTE OBAMA/BIDEN!!

Posted by: J W | October 31, 2008, 5:00 pm 5:00 pm

Yeah and Obama said that he would tax those over 250,000. but wednesday night he said 200,000 and Biden said 150,000 two days ago. So?

Posted by: Kim | October 31, 2008, 5:02 pm 5:02 pm

And just how many “Joe the plumbers” or any middle class have capital gains, any? Doesn’t this just help his rich friends? Isn’t this the kind of thing Bush would want? Isn’t this more proof that McCain is Bush III?

Posted by: BC | October 31, 2008, 5:02 pm 5:02 pm

Thats just like McCain, do what you can to help the rich.
McCain and Palin are gotminers – I got mine and the hell with the rest of you.
No way, No how, No Unstable/Unable…. ever.

Posted by: lmg | October 31, 2008, 5:02 pm 5:02 pm

John McCain’s tax program:
Millionaires: Pay 7% caps gains
You : Pay 15% tax on your paycheck
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:03 pm 5:03 pm

McCain is really gunning for the rich vote.

Posted by: Joseph | October 31, 2008, 5:04 pm 5:04 pm

So it’s all in eh John?
Promise anyone anything to get their vote is your last tactic I see.
What next?
“I’ll get rid of ALL TAXES!”
“I’ll buy every child a puppy (even if they are allergic)”
“I’ll walk on water across the Atlantic and hike into Pakistan and catch Bin Laden with my bare hands!”
I’d say I feel sorry for him…but I’d be lying. His greed is finally catching up to him.

Posted by: Greg in MN | October 31, 2008, 5:05 pm 5:05 pm

McCain: “We can’t afford what we are spending now, so I propose we generate even less revenue so we can make it even worse!”
What a dolt

Posted by: jdb | October 31, 2008, 5:07 pm 5:07 pm

Why does Mccain never use the Word Middleclass is he above that word?

Posted by: Angie | October 31, 2008, 5:07 pm 5:07 pm

How about people with 401ks how about many people who have mutual funds???
capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.

Posted by: reddog0216 | October 31, 2008, 5:08 pm 5:08 pm

“Two-thirds of the tax savings from cutting the capital gains rate in half would go to taxpayers with incomes above $1 million,” said Roberton Williams of the non-partisan Tax Policy Center. “Ninety percent of the benefits would flow to Americans who make more than $200,000 per year.”
Gee, John McCain, but the Joe the Plumbers of the country don’t fall into those categories. So how would your plan help them??? Oh, that’s right, Barack Obama’s plan helps them. Hopefully all the plumbers learn to flush your bull…

Posted by: Paul | October 31, 2008, 5:09 pm 5:09 pm

Red Dog
What about People who dont Invest in the Market? What about the person who has a regular job works 8-10 Hours a day Mon- Fri What is Mccain proposing for them or does he not think about those type of people only Investors and the Wealthy seems to be what Mccain focuses on

Posted by: Angie | October 31, 2008, 5:10 pm 5:10 pm

I am sorry you people are so poor or wait maybe all of you do not save your money and invest.Do most of you realize that the average tax cut Obama is providing prior to him shifting his numbers is 800 or so dollars I see most of you will sell your soul for 800 bucks

Posted by: reddog0216 | October 31, 2008, 5:11 pm 5:11 pm

John McCain’s tax program:
Millionaires: Pay 7% caps gains
You : Pay 15% tax on your paycheck
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:12 pm 5:12 pm

When McCain unveiled his temporary capital gains tax cut earlier this month, his campaign estimated that it would cost $10 billion.
The man is a complete idiot! He would like to drive us into the ground. His proposed spending plans are twice that of Obama and he has absolutely no way to generate revenue to pay for it. If this is putting Country first, then he is most likely talking about China.

Posted by: benji | October 31, 2008, 5:12 pm 5:12 pm

Red Dog
What about People who dont Invest in the Market? What about the person who has a regular job works 8-10 Hours a day Mon- Fri What is Mccain proposing for them or does he not think about those type of people only Investors and the Wealthy seems to be what Mccain focuses on
Posted by: Angie | Oct 31, 2008 5:10:16 PM
Angie I work 60 hours a week 10 hours a day 6 days a week whats your point I do not want someonelses money I will work for it myself

Posted by: reddog0216 | October 31, 2008, 5:13 pm 5:13 pm

Reedog
We are not Poor, But we are not Rich, we are in the MIDDLE do you Understand Middle, Mccain dont Mccain only understands poor or rich sees you do too, and if your Wealthy great proud of you. but not Everyone is. the MIDDLE CLASS Are struggling everyday to not be Poor

Posted by: Angie | October 31, 2008, 5:14 pm 5:14 pm

McCAin is so desperate he will champion anything to get attention – his emotional leaps of logic are nauseating. …………
http://thefiresidepost.com/2008/10/31/tragic-leaps-of-emotional-logic/

Posted by: Ohg Rea Tone | October 31, 2008, 5:14 pm 5:14 pm

HOW THE HECK ARE YOU GONNA BRING US OUTTA THIS DEFICIT IF YOU CUT ALL TAXES INCLUDING WEALTHY, CORPORATIONS AND OIL COMPANIES.
WE ARE JUST GOING TO GET MORE IN DEBT!
I MAKE OVER 250K A YEAR, PLEASE RAISE MY TAXES, I’D BE HAPPY TO HELP MY COUNTRY GET OUT OF DEBT!

Posted by: Chad | October 31, 2008, 5:15 pm 5:15 pm

reddog,
If you are trying to turn the economy around, you don’t want people investing, you want them spending. That is why interest rates drop when the economy starts to lag. It keeps people from investing their money, because they will not get the returns they would like. This then tends to push them to spend money.
On the other side, in order to fight rampant inflation, the interest rates are raised to get people to invest money and not spend it, which drives up costs.
Cutting the cap gains tax is only really going to impact the people who have a lot invested, which is McCain’s rich buddies, not the people hoping not to lose their homes and livelihood.

Posted by: Mack | October 31, 2008, 5:15 pm 5:15 pm

reddog – the lone voice out there who is willing to pay more in taxes so McCain can give to the rich.. what a guy.. we should all be like him and help out those pitiful millionaires who are so desperately in need of financial assistance.

Posted by: benji | October 31, 2008, 5:16 pm 5:16 pm

Reedog
We are not Poor, But we are not Rich, we are in the MIDDLE do you Understand Middle, Mccain dont Mccain only understands poor or rich sees you do too, and if your Wealthy great proud of you. but not Everyone is. the MIDDLE CLASS Are struggling everyday to not be Poor
Posted by: Angie | Oct 31, 2008 5:14:34 PM
I am far from rich I am a struggling buissness owner trying to make a living But again I do not want someone else to pay my share of taxes and I sure do not want to give the goverment more money to pi$$ away how they see fit

Posted by: reddog0216 | October 31, 2008, 5:17 pm 5:17 pm

EDUCATE YOURSELF!
The middle class derive 95% or more of their income from “earned wages”. For example, you might make $15/hour or $50,000 a year.
The WEALTHY derive 95% of their income from capital gains.
Already, hundred million dollar/year hedge fund managers structure their contract so that they receive their compensation for running the fund in capital gains, to take advantage of the lower tax rate for cap gains.
BUT what McCain is proposing is that the cap gains rate go almost to ZERO.
The wealthy will pay NO TAXES.
The middle class will pay ALL the taxes that run the government.
John McCain’s tax program:
Millionaires: Pay 7% caps gains
You : Pay 15% tax on your paycheck
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:17 pm 5:17 pm

Reddog
No one is asking you to take others money, So if you do work that hard dont you feel you need a little Tax relif god you Mccain supporters act like Obama is gonna run the rich into the Poor house, HES NOT The wealthy will pay the same amount of taxes they paid under the Clinton admin they were still rich

Posted by: Angie | October 31, 2008, 5:17 pm 5:17 pm

I am far from rich I am a struggling buissness owner trying to make a living But again I do not want someone else to pay my share of taxes and I sure do not want to give the goverment more money to pi$$ away how they see fit
Posted by: reddog0216 | Oct 31, 2008 5:17:04 PM
which is what you would be doing under McCain.. apparently you are too stupid to realize that.

Posted by: jdb | October 31, 2008, 5:19 pm 5:19 pm

REEDOG
What kind of Businees do you own if you dont mind me asking? Obama has stated time and time again small business owners will get tax breaks under his plan as well as low Interest Business loans

Posted by: Angie | October 31, 2008, 5:19 pm 5:19 pm

My mistake, U.S. tax payers with income between 32,550 and 164,550 pay between 25% and 28% of their income as federal income tax.
John McCain is proposing that hundred million dollar earners, who as a group receive 95% of their income as cap gains
SHOULD ONLY PAY 7%.
Middle class: 25-28%
Ultra rich: 7%
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:23 pm 5:23 pm

**** reddog wrote ****
and I sure do not want to give the goverment more money to pi$$ away how they see fit
****
Well, that is what you will be doing under McCain. You will be paying MORE in taxes than you would under Obama, so that McCain can pi$$ it away how he sees fit.
Ignorance is bliss I guess.

Posted by: benji | October 31, 2008, 5:23 pm 5:23 pm

No I dont feel I need tax relif at someonelses expense I do not feel ENTITLED to somebodys money.I would get tax relif under Obamas plan I would not give up my liberties to support that.I know you make think I am wrong Tell me angie what are You going to do with your extra 800 per year???

Posted by: reddog0216 | October 31, 2008, 5:23 pm 5:23 pm

Like anyone except millionaires have any money to invest. Nice try McCain….same old trickle down….the middle class is tired of getting peed on! Where will you cover the 10 million loss this will cost? OOps that right medicare, medicaid,all those other pesky socialist programs you detest. McCain say” Get a job America ,if you’ve got one then get a better one. What’s wrong with you lazy people?”

Posted by: linda n carolina | October 31, 2008, 5:24 pm 5:24 pm

Yeah and Obama said that he would tax those over 250,000. but wednesday night he said 200,000 and Biden said 150,000 two days ago. So?
Posted by: Kim | Oct 31, 2008 5:02:09 PM
SO, Kim. You have to get your facts straight. What Obama said on Wednesday is that if you make UNDER $200,000, you get a tax cut. NOT a raise for those over 200,000, as you have said.
If you make OVER $250,000, then yes, you will see a tax increase.
If you make BETWEEN $200,000 and $250,000, your taxes will stay where they are.
THAT HAS NOT CHANGED.
SO… Got it????
As for Biden:
“An Obama aide points out to First Read that the $150,000 figure Biden was citing was simply an example of what someone making that amount would get under Obama’s tax plan. Indeed, Biden’s $150,000 remark came after he referred to someone making $1.4 million.”
i.e. He did not say that $150,000 was the line at which you would either see and increase or tax cut.
See Kim, you have to actually read what was said, and not simply listen to what McCain says was “said” and take it as the truth…

Posted by: PaulN | October 31, 2008, 5:25 pm 5:25 pm

benji,
McCain is using my money how I see fit not giving away something that I worked hard to earn.I have no problem helping someone who helps themselves I have a problem handing someone something they put zero effort into

Posted by: reddog0216 | October 31, 2008, 5:26 pm 5:26 pm

Certainly better than 0bama’s Class Struggle.
The ideal of sharing wealth, equalizing class divide has been so powerful, sweeping half a Europe and Asia and South America in the first half of the 20th Century.
The ideals of Marxism are not necessarily wrong; in fact, they are extremely appealing, and the history of the 20th century is a proof.
Yet, none of the practitioners have achieved their noble causes, each has left millions dead, in smaller places like Vietnam and Cambodia, and 10s of millions in larger states. The only major survivor of this practice is China, who has adopted Capitalism by all means except some certain rights that we enjoy here as granted – which is a different topic.
Socialism, a precursor of Communism, has never had a chance being practiced in the US. Few really know what socialism is, but what 0bama wants to do IS socialism.
0bama is masterfully adopting the classic class divide of Karl Marx, playing one class – the 95% of the poor – against another class – the rich, the 5% to achieve his ambition.
It is not progressive taxation that makes 0bama a socialist.
It is the Class Struggle that makes 0bama a Socialist.

Posted by: factcheck | October 31, 2008, 5:27 pm 5:27 pm

This has been the conservative dream for years. They finally have an ergonomic crisis to use as an excuse for it.
http://www.political-buzz.com/

Posted by: matt | October 31, 2008, 5:27 pm 5:27 pm

The only taxes John McCain will be worry about is his own taxes on Wednesday after the Elections are over.
McCain best days are behind him and the “Rocker is Waiting” on McCain.

Posted by: Lookup | October 31, 2008, 5:28 pm 5:28 pm

Hey, if I had any significant capital gains to report I’d be content paying the 15% rate. Thanks to wall street’s ,e;t down The fact is all I have is accumulated losses to write off at the measely rate of $3000 a year. I’m figuring between 30-40 years right now. How ’bout increasing the captal loss write off?
Fact is that the majority of middle and lower income households will not benefit significantly or at all from McCain’s moronic plan. The uber wealthy will sure like it though.

Posted by: drw | October 31, 2008, 5:28 pm 5:28 pm

PaulN ,
How about gov richardson I promise all of you come January it will be lowered and I can care less I will be on here telling all of you I told you so

Posted by: reddog0216 | October 31, 2008, 5:28 pm 5:28 pm

I have to run I will survive whoever gets in.I hope whoever that may be Gets it right

Posted by: reddog0216 | October 31, 2008, 5:30 pm 5:30 pm

JOHN MCCAIN MAKES HIS MOVE:
Wealth redistribution.
From you.
To the rich.
The rich don’t pay income taxes. They pay the lower capital gain taxes.
MCCAIN’S PLAN
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:32 pm 5:32 pm

Using 2005 data, there are 112,363,000 (out of 114,384,000) households in America earning $250,000 or less. 95% of those earn less than $166,000, and 80% less than $91,000.
If you consider an average tax savings of $800 as reddog likes to use and only use the 80% number of housholds earning less than $250K, that works out to roughly $71,912,320,000 injected into the middle class each year, directly into our economy in terms of spending on necessities, not luxuries.
people like reddog just don’t seem to get it, and most likely never will

Posted by: benji | October 31, 2008, 5:33 pm 5:33 pm

Fact check: Would McCain ‘only reward wealth’?
The Verdict:
False. McCain offers policies to help workers at all income levels. While he offers higher tax cuts to higher income brackets, he does not “only reward wealth.”
This is coming from one of those biased news media in the tank for Obama.

Posted by: Dante | October 31, 2008, 5:34 pm 5:34 pm

Hey geniuses !! Check out this link for PROOF that lower taxes spell higher revenues to the Treasury !! It’s called wealth CREATION, instead of O’s wealth CONFISCSTION.
http://www.heritage.org/research/features/BudgetChartBook/fed-rev-spend-2008-boc-R3-Corporate-Income-Tax-Cuts-Boost.html

Posted by: Mark D | October 31, 2008, 5:37 pm 5:37 pm

How valiant of McCain to propose seductive tax cuts that have no hope of being approved by Congress. He may as well say he’s abolishing the income tax entirely. Pure fool’s gold, folks — think about it.

Posted by: dan | October 31, 2008, 5:40 pm 5:40 pm

DO YOU READ A NEWSPAPER?
Then you should already know that ultra-rich hedge fund managers DON’T get paid a salary.
They structure their pay in the form of CAPITAL GAINS.
John McCain’s plan:
Wealth redistribution.
From you.
To the rich.
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:41 pm 5:41 pm

Yes Mark.. trickle down has always worked just great every time it’s been tried. Just look at how great we are doing right now.. we have been in recession since around 2002 due to our continued large scale deficit spending and our national debt has skyrocketed. We are indeed creating wealth, for the small few at the top tier (the top 1% controls roughly 40% of the wealth in our country) and China.
Thanks for your concern.
Obama/Biden ’08 – for a better America!

Posted by: jdb | October 31, 2008, 5:41 pm 5:41 pm

that works out to roughly $71,912,320,000 injected into the middle class each year, directly into our economy in terms of spending on necessities, not luxuries.
people like reddog just don’t seem to get it, and most likely never will
Posted by: benji | Oct 31, 2008 5:33:21 PM
====
Quite contrary, benji. People like you do not understand and 0bama, his Harvard Smartness, wants to keep it that way so that he could fool you until Tuesday.
0bama pushed for Bush’s $600 cash giveaways to “stimulate” the economy. It did nothing to the economy except tanking the stockmarket by 45% – perhaps that $600 did you “really good”.
At the same time, ONE year ago, Hillary Clinton proposed to use that $300,000,000 to target banking, mortgage and financial crisis, which was and is the correct diagnosis of the economy, then and now.
0bama ridiculed her, made yet another fundamental judgment, boneheaded, mistake.
Perhaps, it would take you a while to digest why it makes you not getting it.
Think harder.

Posted by: skinny dog | October 31, 2008, 5:47 pm 5:47 pm

Just how is McCain going to make up for all the cuts he is giving to the multi-billionaires? Here’s how: RAIDING SOCIAL SECURITY. After all, Bush and him wanted to “privatize” Social Security, didn’t they? That, and borrow more money from china.
Oh, and for all those desperate crackheads who are screaming “socialist”, you know full well that we were not a socialist nation during the Clinton years.

Posted by: JustTheFacts | October 31, 2008, 5:48 pm 5:48 pm

HERE WE GO… THE GOPs ARE AT IT AGAIN!!
Georgia gives green light to racial targeting at polls
In a bold move this week, Georgia Secretary of State Karen Handel (R) announced she was sending letters to 4,770 registered voters that they may have to cast “challenge” ballots that won’t be counted on election day.
In a striking announcement, she also declared that regular citizens could address the “problem” of non-citizen voting by contesting the citizenship of fellow voters at the polls — forcing them to also cast challenged ballots that won’t be included in election day tallies.
ProgressiveSouth’s diary :: ::
The surprising announcement is the latest in a winding saga between Handel, Georgia voters, the Department of Justice and a panel of federal judges over a new and aggressive state policy to flag and purge voters whose citizenship is in question based on state records.
Earlier this month, the ACLU sued the state of Georgia on behalf of Jose Morales, a Cherokee County voter who was targeted to be purged from the roles despite having become a citizen in November 2007. Earlier, the Department of Justice had argued that Georgia’s citizenship purge violated the Voting Rights Act because it had not be pre-cleared with the DOJ, something Georgia must do because it falls under the Act.
After the DOJ questioned the purges, many counties stopped mailing letters to flagged voters. A three-judge panel of federal judges said on Monday of this week that the state must notify those who have been flagged and find a way to allow them to vote.
YES, ALLOW THEM TO VOTE! I don’t care who they are voting for, but we have rights and that is one of them.

Posted by: becky | October 31, 2008, 5:49 pm 5:49 pm

If you were a millionaire when Clinton in 1992, you were still a millionaire when he left in 2000. We can’t say the same thing for George Bush from ’00 to ’08 now can we. I’ll bet if you’re a millionaire right now you’ll still be one in at the end of Obama’s first term in ’12. I’m sick of all these people acting like Obama is going to just take all the rich folks’ money. He’s going to make the wealthy share the burden with the middle class, as it should be.

Posted by: Dee Tee Gee | October 31, 2008, 5:51 pm 5:51 pm

Who’s making capital gains in this economy? My 401k is down 43%, and I have negative equity in my house. Does McCain seriously think this is going to get ANYBODY motivated to vote for him? All it did for me is remind me that republicans have destroyed the value of my investments. Obama/Biden 2008-2016. PLEASE!!!!

Posted by: Michael | October 31, 2008, 5:53 pm 5:53 pm

Mr. 0bama, or supporters,
Could you please explain your taxes?
INCOME TAX (OBAMA CLAIMS NO INCREASE IN TAXES….. AFTER BUSH CUTS ARE
ELIMINATED!)
MCCAIN (no changes)
Single making 30K – tax $4,500
Single making 50K – tax $12,500
Single making 75K – tax $18,750
Married making 60K- tax $9,000
Married making 75K – tax $18,750
Married making 125K – tax $31,250
OBAMA
(Reversion to pre-Bush tax cuts)
Single making 30K – tax $8,400
Single making 50K – tax $14,000
Single making 75K – tax $23,250
Married making 60K – tax $16,800
Married making 75K – tax $21,000
Married making 125K – tax $38,750

Posted by: 0-0=0 | October 31, 2008, 5:55 pm 5:55 pm

And it’s not just hedge fund managers. Nosiree!
Think back to that little problem Steve Jobs had regarding post-dated share options.
I don’t want to get into why this was problematic for Mr. Jobs, but you should understand what post-dated share options are.
Share options are a form of executive compensation, ie income. They work like this:
If Apple is trading at $150/share, the company gives the right to buy a specified number of Apple shares at $10/share.
The executive is usually, but not always, required to hold on to the option for some period of time say 30 days, then he/she sells them at the market price. In this case $150/share.
If the option was for 10,000 shares, buy price $10/share, sale price $150/share, then the CAPITAL GAINS is 10,000 x $140 = $1,400,000
I bet you wish you could buy shares at a discount.
But it’s not really a sale at all. It is a transfer of money from the corporation to the executive. It is ‘executive compensation’.
It is capital gains under tax law.
Get it???
* * * * * *
John McCain’s plan:
Wealth redistribution.
From you.
To the rich.
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 5:56 pm 5:56 pm

Angie ,
I know you will not understand cutting capital gains taxes pushes people to invest in the market.
Posted by: reddog0216
—————————————-
Dear arrogant Republican (I mean reddog0216),
If the 45% “discount” the market’s experienced over the last month plus the initial 7.5% capital gains cut by the fed hasn’t done much to persuade investors, this will do nothing. But thanks for acting like Palin by saying something obnoxiously ignorant with reckless arrogance. BTW, I don’t think too many of us are interested in your neo-con economic philosophies after the last 8 years.

Posted by: Adam | October 31, 2008, 5:59 pm 5:59 pm

Something is going on…..McCain has made a deal with SOMEONE wealthy to get an endorsement or SOMETHING. What a prostitute, he is, and ONCE AGAIN he is schizophrenic!

Posted by: Texas Democrat | October 31, 2008, 5:59 pm 5:59 pm

lol great plan reddogg
lol socialism!!!! he wants to spread the wealth around to the wealthy!!!!
lol

Posted by: Bhrandon | October 31, 2008, 6:00 pm 6:00 pm

Kim go ahead and go to obamas website and punch in your yearly income and see what kind of tax breaks you would get, or tax refunds you will get
it is unlikely that you will have to pay higher taxes or have yoru taxes raised…
people making 200k will get a tax break
people making 250k wont see taxes raised
anyone making OVER 250k will see taxes go up slightly…
its pretty simple

Posted by: Bhrandon | October 31, 2008, 6:02 pm 6:02 pm

0-0=0 — citing numbers you pull off a SPAM e-mail does nothing to your credibility. By the way, that SPAM was circulating during the primaries, and the only thing changed since then is the names “Clinton” is now substituted by “McCain”
http://www.snopes.com/politics/obama/taxes.asp
Amazing how stupid some people can be.

Posted by: jdb | October 31, 2008, 6:03 pm 6:03 pm

ABC: On your map, why don’t you have Texas pink?
It should be pink, leaning McCain and not
red for McCain.
Obama 38 McCain 43
Arizona you have pink.
Obama 46 McCain 53
Wouldn’t it just shock all of us if Texas actually votes for Obama!

Posted by: becky | October 31, 2008, 6:04 pm 6:04 pm

Don’t the “Joe the Plumber”s out there realize that MC does not really benefit them that much??? How can they not understand that under Obama’s plan they would reap a heck of bigger tax break than with MC? -sigh- I don’t think it matters to “Joe the Un-licsensed Plumber”…I think all that matters to that guy is exactly what I saw on a MC/Palin t-shirt: God. Guns. Glory. Niiiiiice. Cause that’s done us so well for 8 years.

Posted by: shawnna | October 31, 2008, 6:07 pm 6:07 pm

Jim
Agree – where the heck are Palin’s medical records.
Are they being “sanitized”?
This should be a prerequisite to even be a nominee.
I waited in line for two hours to vote today – I am going to make calls to get others to vote.
This is THE most important thing to do…ensure that everyone votes.
Complacency can drastically alter the results – take no chances.
And yes, keep bugging the “media” to push for Palin’s medical records.

Posted by: scooterfoot | October 31, 2008, 6:08 pm 6:08 pm

John McCain…Candidate for the Rich

Posted by: Jwench | October 31, 2008, 6:08 pm 6:08 pm

Becky, I’m in Texas too ^^. I’d be willing to eat crow if O took Texas. Truthfully, Texas is too unwilling to vote for a black candidate..mostly anyways. :\ Tho where I’m at, in one of the few blue districts in the state, O sure is popular. I have heard in bigger cities like Dallas and Houston O has made big in-roads, but in the outter areas people are just too set in their ways. :(

Posted by: shawnna | October 31, 2008, 6:10 pm 6:10 pm

Isn’t it amusing how the republicans who always chant the ‘less taxes’ mantra now complain about Obamas tax plan, when in fact they would in most cases pay less taxes under his plan! And to make their case, they claim they feel sorry for the wealthy and how terrible it is to raise their taxes. Cry me some more crock tears and pass that cheese to go with your whine, will you?
What a bunch of hypocrites.. just like the people they claim to be voting for.
Obama/Biden ’08 – for a better America

Posted by: Janice | October 31, 2008, 6:10 pm 6:10 pm

The lower taxes on the middle class were allowed to expire, the Repubs saw to that. Now McCain wants to make permanent the tax cuts on the wealthy that were also set to expire. How is it at all fair that we get the shaft? Why are our tax breaks allowed to expire and those for the rich go on forever? Never mind that most of these people pay ridiculously low taxes as it is, since they can afford people to find all the loopholes.
Someone has to pay for the excess of government. Looks like those who have benefited least will have to pay for our governments wrongdoing if the Repubs get their way.
Get real folks, we HAVE to start paying the debt down, and soon. I say the rich, who have benefited the most from governmental policy, bear the lions share. Trickle down has been PROVEN to be a fallacy, and it takes money OUT of the economy. Giving tax breaks to the middle and lower classes adds money TO the economy. By the way so does Welfare and Social Security.

Posted by: Stan | October 31, 2008, 6:11 pm 6:11 pm

“And yes, keep bugging the “media” to push for Palin’s medical records.”
Some suspect Palin’s med records arent being released because of her baby, Trig. Most of you know the rumors about the poor kiddo, so it wouldnt surprise me if the scarcity of Palin’s records are tied to the baby somehow. Just sayin.

Posted by: shawnna | October 31, 2008, 6:12 pm 6:12 pm

With all his tax cuts, how is McCain going to balance the budget at the end of his term? He’ll promise you anything to get elected. He’s a desperate maverick.

Posted by: doug | October 31, 2008, 6:14 pm 6:14 pm

The tax policy center estimates of proposed spending plans between both candidates show that McCains plans would cost $10.9 trillion over 10 years (not including his ‘high risk’ insurance pool, which tacks on another $1 trillion), while Obamas would cost $5.4 trillion over 10 years. And now McCain wants to add a little more to that spending spree, and still fails to do anything to raise revenue to cover those costs.
The man is an economic Maverick.. he has discovered how to spend like there is no tomorrow and not only not use any money to do it, but found a way to give more money to the wealthy!
We don’t need a dumber Bush in office, and this country would not survive it.
Obama/Biden!!

Posted by: jdb | October 31, 2008, 6:18 pm 6:18 pm

My pastor keeps talking about greed and selfishness.
Vote for Obama to redistribute the wealth!!!!!!!

Posted by: Judy | October 31, 2008, 6:21 pm 6:21 pm

McCain=Wealthfare.

Posted by: jen | October 31, 2008, 6:21 pm 6:21 pm

Posted by: Please pass on, Please post that in FOX… I was going to say and tell it to Rush but Rush never invites anyone to his program unless the guess is going to just say “yes” to his stupid comments.

Posted by: aeronaut | October 31, 2008, 6:27 pm 6:27 pm

As usual the Republicans want to take care of the wealthiest among us and of course that includes John & Cindy McCain. I would guess the McCain’s probably stand to make a small fortune when Anhueser-Busch is sold to InBev of Holland. You can’t tell me that they don’t have substantial stocks in Anheuser-Busch seeing that Cindy McCain heads up the largest distributorship of the Anheuser-Busch products in Arizona. So I’m sure he wants them permanent. Afterall, they shouldn’t have to pay taxes since his wife had the good fortune to be born into a waelthy family and he had the good fortune to marry into that family. And maybe just maybe the wealthiest will let just a little wealth dribble down to the rest of us. Ronald Reagan was all for the trickle down effect, but I don’t see where it’s worked as the unemployment rate keeps rising.
As for the nasty McCain/Palin attacks on Obama just rembember: Great minds talk of ideas, average minds talk of events and SMALL MINDS TALK ABOUT PEOPLE. I read that somewhere and it sure describes the Republicans.
And if we are going to investigate anyone let’s investigate Palin and her association with the Anti-American Alaska Independence Party. I think the voters need to hear this.

Posted by: I've had it | October 31, 2008, 6:27 pm 6:27 pm

Obama will throw you under the bus when you don’t become convenient. His RACIST pastor of 20 years whom he called his spiritual father also his white grandmother along with a half brother living on $12.00 per month in Africa. This really demonstrates that Obama lacks character and integrity

Posted by: Hippie Smasher | October 31, 2008, 6:28 pm 6:28 pm

This man will try anything ,getting late here people.

Posted by: NH voter | October 31, 2008, 6:29 pm 6:29 pm

Obama lacks character and integrity
Posted by: Hippie Smasher | Oct 31, 2008 6:28:08 PM
In the words of the rabid right!!!
The world has spoken, and you are an idiot. Please crawl back under your rock. You can come back out after January.

Posted by: jdb | October 31, 2008, 6:29 pm 6:29 pm

GOOD OLD MCCAIN TRUE TO THE END ALL FOR BIG BUSINESS EXXON JOHN WILL NEVER CHANGE—-HIS SIDING UP WITH THE TOP 5% WILL TEACH HIM A LESSON——-WE ARE THE MAJORITY AND WILL TEACH HIM WE ARE WHAT MATTERS (THE MIDDLE CLASS)

Posted by: rodney | October 31, 2008, 6:30 pm 6:30 pm

jim,
Good question. Where are Palin’s medical records? What is she trying to hide? Hmm… what if she weren’t Trig mother? Something quite fishy about her delayed medical disclosures!

Posted by: Harerta Tesfa | October 31, 2008, 6:30 pm 6:30 pm

To “0-0=0″
The answer to your question is that your numbers are PULLED FROM YOUR A**
Married, filed jointly, $75000 income
Rate is 10% on income 0 to $16050 => $1605
Rate is 15% on income $16050 to $65100 => 7357.50
Rate is 25% on income from $65100 to $75,000 => $2475
THIS IS HOW TAXES ARE CALCULATED TODAY. You pay different tax rates on the income between:
$0 to $16050 => 10%
$16050 to 65100 => 15%
$65100 to $131,450 = 25%
The tax is calculated incrimentally. You may have heard of marginal tax rates. This is what they mean.
So, add up the tax a married, filing jointly, $75,000 family together and their tax bill is $11437.50.
This is before any deductions. So your tax bill is actually lower.
RIGHT OFF THE BAT, OBAMA’s TAX POLICY STARTS WITH A $1000 tax deduction for a working couple.
Then there are refundable tax credits for college expenses, mortgage interest tax credit, a special break for seniors, retirement savings, and health care.
But the base tax burden on a married couple making $75,000 is reduced $1000.
YOUR NUMBERS ARE MADE UP.

Posted by: John McCain's Conscience | October 31, 2008, 6:30 pm 6:30 pm

John McCain’s plan:
Wealth redistribution.
From you.
To the rich.
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 6:32 pm 6:32 pm

Posted by: factcheck, Get over it! McCain and Palin admitted they know Obama is not a Socialist.

Posted by: aeronaut | October 31, 2008, 6:34 pm 6:34 pm

Hippie Smasher – What do you call character and integrity… cheating on your crippled wife and then dumping her for the 20 year younger trophy wife with money so you can further your polictical amibitions. That’s John MCcain.. character and integrity – I think not

Posted by: I've had it | October 31, 2008, 6:35 pm 6:35 pm

CANNOT WAIT FOR MCCAIN THE LIER AND PALIN THE SCREECHING TWIT TO GO HOME.WE HAVE HAD ENOUGH OF MCBUSH.

Posted by: rodney | October 31, 2008, 6:36 pm 6:36 pm

***
YOUR NUMBERS ARE MADE UP.
***
They all are when the Republicans start pulling them out.. they can’t defend McCain, so they distort reality.. ‘reddog’ and ‘skinny dog’ are perfect examples.
Bottom line.. you will pay more taxes under McCain so the wealthy can pay less. He is for the wealthy and big corporations, and thinks the average guy on ‘main street’ must earn more than $150K neglecting that the median household income in the US is $43K.
Obama ’08 – for America!

Posted by: jdb | October 31, 2008, 6:37 pm 6:37 pm

IVE HAD IT
TALK ABOUT INTEGRITY
MCCAIN IS KNOWN AS THE HANOI SONGBIRD—–THE GUY SHOULD HAVE BEEN TRIED FOR TREASON—AND THAT IS A FACT

Posted by: rodney | October 31, 2008, 6:38 pm 6:38 pm

Mr. McCain,
Forget Capital Gain tax cut, how about flat taxes for all…say 15% for everybody that has an income in the USA? Hmm…afraid your buddies in the top 1% may not benefit from flat taxes and instead you want to enhance the loop holes most of us can’t benefit from? Mr. McCain you are not fighting for the Joe’s of this world–though you found one dreamer that wants to be taxed today a his $40,000 income so that he can benefit later when he makes >$250,000 .. after he buys the Plumbing company–you’re fighting for the conscienceless greedies, the Hiltons, the Trumps, the Lynn Foresters de Rothchild , the Cindy McCains etc. Have you no shame or a shred of conscience?

Posted by: Harerta Tesfa | October 31, 2008, 6:44 pm 6:44 pm

didn’t mccain attack Obama for, according to mccain, changing his tax plans… and now he does the same AT the last minute (obvious motive)

Posted by: bob the builder | October 31, 2008, 6:44 pm 6:44 pm

I just do not understand why people do not get it. Obama’s tax plan is not set up to take someone else’s money away from them and give it to someone else. What he is proposing is a tax plan for 95% of the working population to have your payroll federal taxes reduced, which is the highest tax I pay on my paycheck, so that way you will have more money to spend on yourself, your family, etc. maybe buy some stock. To tax individuals that make over $250,000.00 at the present time, and have loop holes to avoid paying taxes, they will increase their taxes and take that money and the money we are taxed on and put it together and put this country back on track. Why is that so difficult to understand. Noboday is trying to take any money from anyone else and just hand it out to people. MY GOD!

Posted by: Mary | October 31, 2008, 6:46 pm 6:46 pm

MCCAIN DOES NOT GIVE A CRAP ABOUT THE MIDDLE CLASS—–WANTS TAX BREAKS FOR THE RICH–WITH THE ASUMPTION THAT THEY WILL THROW US A FEW CRUMBS—–WHAT A FREAKING JACKZXZ—-WE WILL TEACH HIM A LESSON.

Posted by: rodney | October 31, 2008, 6:48 pm 6:48 pm

GO TO WALMART–PICK UP AN ITEM WHERE IS IT MADE CHINA CHINA–FIGURE HOW MANY JOBS LOST FOR ONE ITEM–HUNDREDS –THOUSANDS—–THIS IS WHAT THE LAST 8 YEARS HAS TAKEN OUR JOBS—NOW MULTIPLY THE HUNDREDS OF ITEMS—–THE TRADE IMBALANCE IS ASTOUNDING—–AND BORROWING MONEY FROM CHINA AND GIVING TO US STIMULIS CHECK—NOW WE CAN PAY IT BACK WITH INTEREST—CHINA IS GETTING THE OIL OUT OF IRAQ.—WHAT WOULD BE THE NEXT REPUB SELLOUT.

Posted by: rodney | October 31, 2008, 6:56 pm 6:56 pm

To have a capital gain you have to have something to get the capital gain. Doesn’t he know that the citizens are hanging by a thread and it is ready to break. Who has money to invest today . Not I said the senior citizen just barely keeping it together.

Posted by: Rose Szymanski | October 31, 2008, 7:01 pm 7:01 pm

Yea rodney you don’t care about taxation because your a parasite looking for a new host to feed off.

Posted by: Hippie Smasher | October 31, 2008, 7:03 pm 7:03 pm

hippimccain will take away your welfare check—–he will cut entitlements.
eat dirt idiot/

Posted by: rodney | October 31, 2008, 7:05 pm 7:05 pm

sounds like the hippie been smashing his head against a brick wall a bit too much!

Posted by: jdb | October 31, 2008, 7:05 pm 7:05 pm

mccain is afraid that obama will make him pay more taxes—we will take a little more of that 5 million he and cindy got last year—

Posted by: rodney | October 31, 2008, 7:09 pm 7:09 pm

McCain wants you to pay more taxes so the wealthy can pay less.. and now wants the wealthy to pay even less on their capital gains. The man is a fool and was entirely correct when he said he had no knowledge of economics.

Posted by: Professor | October 31, 2008, 7:09 pm 7:09 pm

warren buffet one of the richest is embarassed that he pays less taxes than his secretary–and mccain wants him to have more –mccain is a very sick person..or just plain dumb

Posted by: rodney | October 31, 2008, 7:13 pm 7:13 pm

Mary,
This is for you!
===========================
John McCain’s plan:
Wealth redistribution.
From you.
To the rich.
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 7:19 pm 7:19 pm

Interview with Warren Buffett by Tom Brokaw:
Tom: You’ve talked about in your own office, for example, you pay a much lower tax rate with all of your wealth than, say, a receptionist does.
Warren: That’s exactly right, Tom, and I think the only way to do it is with specifics. In our office 15 people cooperated in a survey, out of 18, I didn’t make anybody do it. And my total taxes paid, payroll taxes plus income tax, mine came to 17.7 percent. The average for the office was 32.9 percent. There wasn’t anybody in the office, from the receptionist on, who paid a lower tax rate. And I have no tax planning, I don’t have an accountant, I don’t have tax shelters. I just follow what the U.S. Congress tells me to do.
http://www.cnbc.com/id/21543506
And of course, McCain would like to lower that a little bit more.. what a guy!

Posted by: Warren | October 31, 2008, 7:21 pm 7:21 pm

Mary,
Do YOU have the guts to answer this simple question:
IS John McCain today willing to call for the end of ALL government programs that redistribute wealth, including:
A) SOCIAL SECURITY
B) MEDICARE
C) UNEMPLOYMENT INSURANCE
Follow up question:
Is John McCain, by his own definition, a socialist?

Posted by: John McCain's Conscience | October 31, 2008, 7:22 pm 7:22 pm

And to further prove his point, Buffett has challenged .. he’s offered a million dollars to charity to any of the Forbes 400 richest people who can show on average that they pay a higher tax rate than their secretaries pay, but so far, Brian, he’s had no takers.
http://www.cnbc.com/id/21543506

Posted by: Warren | October 31, 2008, 7:24 pm 7:24 pm

Is McCain serious?
ROFLMAO!!!!! Somebody please take this man off the stage and let him take a nap. Cindy does not love her husband…she can’t…no way she can love him and watch him go down this path. For the love of Moses, why won’t his kids tap him on the shoulder and say “daddy, its over”…and take him back to Arizona so he can rest and just fish for the next couple of years.

Posted by: Famuan | October 31, 2008, 7:26 pm 7:26 pm

DO YOU KNOW what Sarah Palin had to say about Barack Obama before she became McCain’s pick?
Don’t believe me! Just google ‘palin praised obama’ and read the msnbc/first read report yourself.
“From NBC’s Domenico Montanaro
Earlier this month, Gov. Palin praised parts of Obama’s energy plan. The link to the press release was not working as of 12:30 p.m. ET. But Google saves everything.
Palin Pleased with Obama’s Energy Plan
Includes Alaska’s Natural Gas Reserves Print Now Printer Friendly
No. 08-135
August 4, 2008, Fairbanks, Alaska – Governor Sarah Palin today responded to the energy plan put forward by the presumptive Democratic nominee for President, Illinois Senator Barack Obama.
‘I am pleased to see Senator Obama acknowledge the huge potential Alaska’s natural gas reserves represent in terms of clean energy and sound jobs,’ Governor Palin said. ‘The steps taken by the Alaska State Legislature this past week demonstrate that we are ready, willing and able to supply the energy our nation needs.’
In a speech given in Lansing, Michigan, Senator Obama called for the completion of the Alaska natural gas pipeline, stating, ‘Over the next five years, we should also lease more of the National Petroleum Reserve in Alaska for oil and gas production. And we should also tap more of our substantial natural gas reserves and work with the Canadian government to finally build the Alaska natural gas pipeline, delivering clean natural gas and creating good jobs in the process.’
Governor Palin also acknowledged the Senator’s proposal to offer $1,000 rebates to those struggling with the high cost of energy.
‘We in Alaska feel that crunch and are taking steps to address it right here at home,’ Governor Palin said. ‘This is a tool that must be on the table to buy us time until our long-term energy plans can be put into place. We have already enjoyed the support of Alaska Senator Ted Stevens, and it is gratifying to see Senator Obama get on board.’

Posted by: John McCain's Conscience | October 31, 2008, 7:26 pm 7:26 pm

crash and burn mccain will crash again with this angle—the public is proving to be a little too smart for him.

Posted by: rodney | October 31, 2008, 7:27 pm 7:27 pm

IS JOHN MCCAIN A LIAR?
I don’t ask this question lightly.
Wednesday night, McCain admitted on the Larry King show (CNN) that Obama is not a Socialist.
Of course McCain called Obama a socialist in his speeches about 300 times.
SO.. WHAT.. IS.. MCCAIN’s.. EXCUSE ???
Why did John McCain lie in all those speeches? Why didn’t he tell his running mate to stop spreading lies about Obama?
Does John McCain have no honor?

Posted by: John McCain's Conscience | October 31, 2008, 7:30 pm 7:30 pm

John McCain’s plan:
Wealth redistribution.
From you.
To the rich.
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 7:31 pm 7:31 pm

cindy has the money–wonder what she sees in this old geser—must still be on meds.

Posted by: rodney | October 31, 2008, 7:31 pm 7:31 pm

Posted by: MBNA Joe | October 31, 2008, 7:32 pm 7:32 pm

Facts: Senator Obama has said he will cut taxes on people making less than 1,000,000 than he said 500,000, than it was couples making 250,000 now he said couples making 200,000 in the big 30 minute presentation. Joe Bidden said 150,000, a Demo Senator running for reelection said Obama really means he will cut taxes at 125,000. An Obama advisor said it is well known middle class is $45,000 so who cares if it really is $125,000 or $250,000. My wife and I together don’t make any where near $200,000 but I don’t believe Obama any more. McCain has been rock solid on taxes and his plan to cut taxes on business which will create jobs. John F. Kennedy did the same thing and it worked. Ronald Reagon did the same thing and it worked. We are in a severe depression; cutting taxes on business is the only way to get out of this. Just look at history. We know the Obama plan to increase taxes on business and add more spending will push us into and keep us in a depression and destroy jobs just like Roosevelt did for 16 years. It isn’t right to take money from other people it’s called stealing. Mr Obama seems to be a liar and now seems to be determined to be a thief. You can’t argue with History!

Posted by: Kellee | October 31, 2008, 7:39 pm 7:39 pm

The 150,000 Biden thing is just a Biden error.

Posted by: akamai | October 31, 2008, 7:48 pm 7:48 pm

*************
a Demo Senator running for reelection said Obama really means he will cut taxes at 125,000
*************
Sure is a good thing he isn’t running for President. As for the rest of your rant, it’s been $250K since the beginning of the campaign.. not any different now, wasn’t any different back then. Still the same, no change. Not a very hard concept to grasp, unless grasping concepts is a weak point for you (and apparently is). If you are willing to take anyones word for stuff without researching the truth yourself, then please help me get my $30 million out of Nigeria.. I’ll give you 10% if you can send me the necessary banking fees of $10,412.32.
Obama ’08 – for a better America, even for idiots!

Posted by: jdb | October 31, 2008, 7:52 pm 7:52 pm

FACT:
Obama publicly announced his tax program including a TAX CUT for all Americans families making less than $200,000 before April. Families making more than $250,000 will have their tax rate go back to the pre-Bush rate to pay for the middle class tax cut.
FACT:
Obama has announced his consistent tax program, tax cuts for all American families making less than $200,000; restoration of the tax rate for those making over $250,000 EVERY SPEECH I HAVE SEEN HIM MAKE.
FACT:
The wealthiest 5% of America now own 50% of the wealth of the country, a higher concentration than has EVER BEEN THE CASE.
FACT:
Here is the new John McCain tax program:
John McCain’s plan:
Wealth redistribution.
From you.
To the rich.
millionaires: 7% cap gains tax
middle class: 25-28% income tax
Wake up!
Wake up!
Wake up!
Wake up America!

Posted by: John McCain's Conscience | October 31, 2008, 7:52 pm 7:52 pm

We live in a global economy. Which means global movement of capital. Which means that all those capital gains tax cuts go *out* of the country to build factories and houses and buy stocks and bonds that favor *other* countries. Capital gains tax cuts basically allow the upper 2% (who already control 95% of the wealth) to invest outside of the US. They gain the roads, the infrastructure etc. that allow their companies to prosper in the US (where would Wal-Mart be without a national highway system)without having to contribute to the building and maintenance of that infrastructure. If these folks were investing in the US and not moving money off-shore, capital gains tax cuts would make sense. But they do move their money off-shore, out of country and into building factories in China, Singapore, buildings in Hong Kong, and infrastructure everywhere but the US.
Enough Corporate loopholes. If your company makes money in the US, pony up your share of the costs of maintenance for the infrastructure, the schools, the hospitals and the energy facilities required to make your business grow.

Posted by: stone | October 31, 2008, 8:00 pm 8:00 pm

Under the Bush administration the inheritance laws were changed so that the very wealthy are basically exempt from inheritance tax. It lurks in the tax laws. This is also where a bunch of that trillion in the hole went. If it just, the inheritance tax of a single very wealthy person would fund a social program for years, or build a reservoir, or be a huge influence in an energy system. I saw it with my own eyes. Millions go to a drunk … the offspring of an exec that lives in Europe. That’s what McCain is all about. More money for the wealthy and widening the financial gap.

Posted by: akamai | October 31, 2008, 8:02 pm 8:02 pm

mccain has lost the plot…he reeks of desperation…
pathetic to see such a basically good man stoop so low…the worst of politics…
reminds me of a fish on a hot sidewalk…

Posted by: ArthurPE | October 31, 2008, 8:10 pm 8:10 pm

McCain has no principals left. He has lied so many times throughout this campaign that nobody believes anything he says any more. He claims he is for change and fails to show how he would be any different than a stupider Bush. His campaign is simply one attack after another and completely neglects issues. He has proposed spending plans costing more than twice that of Obama and claims he is for smaller government. Despite there being no money to pay for his grand plans, he continues to say he will cut taxes, further escalating our deficit and increasing our national debt. The man is pathetic, and his running mate is so far gone, the writers on SNL can simply quote her transcripts and get huge laughs.
What a joke. And this is what we, as Americans have to put up with. If we can recover from this mess, it sure won’t be with the help of dumb and dumber. November 4th can’t get her soon enough.

Posted by: sylvester | October 31, 2008, 8:22 pm 8:22 pm

Oh boy, looky here, a new idea from the McCain-Palin camp on capital gains. Lower the rate even more than it is now, and give even bigger tax breaks to the wealthy. What a crock.

Posted by: w_roos | October 31, 2008, 8:35 pm 8:35 pm

You liberals never cease to amaze and astound me!Hitler had a good line of bull too! Look where that got the people in Germany! Wake up America, Obama is a socialist! Entitlement, that’s all you liberals can think about. You don’t want to take chances and create wealth, you want it handed to you by the democrats and their agents, Obama-Biden. Read Cory the Well Driller’s story you will see why this democrat supports McCain-Palin! Cory’s and Joe’s stories are similar to mine, the government gave me nothing,I work 10-12 hours a day to make my American dream come true. I don’t ask for government to give me a handout. Shame on you people!

Posted by: deweyvr | October 31, 2008, 8:40 pm 8:40 pm

OBAMA IS A COMMON MONKEY.
WHAT PART OF THAT DON’T YOU GET?

Posted by: GRANNY TOOT | October 31, 2008, 8:44 pm 8:44 pm

Let’s just make all taxes 0%!
This screams pandering. Presidents don’t pander.

Posted by: johnTX | October 31, 2008, 9:08 pm 9:08 pm

Kellee: The only thing we learn from history is that we do not learn from history. And you have distorted history: Reagan raised taxes twice in 1982 and this helped to get out of a recession. And Bush raised taxes and so did Clinton. How do you think that the government can spend all of this money without raising taxes? All of these wars. all of this defense spending, which by the way is approaching 1/3 or more of our budget? Somebody has to pay for it. The poor cannot. They have no money and are “taxed” through inflation. They are also the slave wage earners for the rich. The middle class are squeezed. The only people that can afford to pay for our wars and massive spending are the extremely wealthy. I think that $250K is too low. It should be $500K and up. Ask Warren Buffett about all of this.

Posted by: geniusjoe46 | October 31, 2008, 9:19 pm 9:19 pm

Granny Toot: Obama is 1/2 black and 1/2 white, meaning that your racist phrase is wrong. And that is the part that you do not get.

Posted by: geniusjoe46 | October 31, 2008, 9:20 pm 9:20 pm

The entire philosophy of taxing based upon wages earned is silly to me. At least with respect to those making under a million or so. I like the idea of having VAT taxes and having consumption taxes. So you get taxed on what you spend, not what you earn. And that would also help with conservation and saving. We already have sales taxes and gas consumption taxes.

Posted by: geniusjoe46 | October 31, 2008, 9:22 pm 9:22 pm

Deweyvr: I suppose that you are against the bail out, one of Bush’s socialistic hand outs for the Wall Street rich? Seems like the rich on Wall Street etc have worked the system and have gotten numerous “handouts” for many years. Tax breaks, corporate welfare, breaks on leases etc?
And how do you feel about those terrible socialistic concepts such as the police dept, fire dept, paramedics, post office, social security, etc etc, And of course the military is also supported by all of us as well. You use the word socialism in a very naive way. Perhaps some schooling for you.

Posted by: geniusjoe46 | October 31, 2008, 9:25 pm 9:25 pm

The inheritance tax, for all of you patriots out there, is a tax that was put into place by Thomas Jefferson. He did it is as a way to mitigate dynastic wealth. It has been repealed twice over the years and has been modified under Bush. It should be put into place only for the super wealthy. Common chumps that have a few million in their estate should be exempt in my opinion.

Posted by: geniusjoe46 | October 31, 2008, 9:32 pm 9:32 pm

johnTX: I would be happy if taxes were lower but somebody has to support the 800 foreign military bases, the endless wars, and the avarice of the military industrial complex. It takes alot of money protecting the markets for Wall Street. IT aint cheap. WHy not get some more education and read “War is a Raquet” by none other than one of the most decorated military leaders the US has ever seen, Smedley Butler. Two Congressional Medals of Honor for those keeping score on who is a patriot out there. And there are alot of jingos out there.

Posted by: geniusjoe46 | October 31, 2008, 9:36 pm 9:36 pm

The entire philosophy of taxing based upon wages earned is silly to me. At least with respect to those making under a million or so. I like the idea of having VAT taxes and having consumption taxes. So you get taxed on what you spend, not what you earn. And that would also help with conservation and saving. We already have sales taxes and gas consumption taxes.

Posted by: geniusjoe46 | October 31, 2008, 10:24 pm 10:24 pm

An old mentor of mine told me one time that whenever you hear a politician say he’s going to tax the rich, be very aware that he’s talking about you!

Posted by: LongT | October 31, 2008, 10:28 pm 10:28 pm

Obama should spend more millions on infomertials.

Posted by: Liam | October 31, 2008, 10:48 pm 10:48 pm

Well over 50% of Americans own stocks in retirement accounts. The Democrats continue to ignore that when they bray that capital gains tax only hits “the rich.” EVERYONE who “owns” a home (along with a bank) pays capital gains tax on the increase in value of the home over time, upon sale of the home. Certainly the Dems don’t claim that all homeowners are “rich.” They’re rushing right now to bailout homeowners who were “duped,” duped! into signing up for mortgages they had no prayer of affording when they put no money down. I wish more media writers were bettr informed about capital gains issues. It’s a true middle class problem, not a problem solely for “the rich.” In fact, it’s abigger problem for people who have less than it is for the rich, who have enough still to have something left after capital gains taxes siphon off their hard earned money.

Posted by: susanna | October 31, 2008, 10:53 pm 10:53 pm

Since a number of you think higher taxes are good thing and those who don’t are greedy. When you file your 07 return send the treasury an extra 5 or 10 percent. You won’t because most liberals are selfish when it comes to theirs . Or maybe send Obamas half brother living in Kenya on $12.00 per month some of your dough hypocrites.

Posted by: Hippie Smasher | October 31, 2008, 10:55 pm 10:55 pm

Per the Tax Policy Center, here is how Obama’s tax plan breaks down for “individuals”:
$0-$18,891 = $567 tax cut
$18,982-$37,595 = $892 tax cut
$37,596-$66,354 = $1,118 tax cut
$66,355-$111,645 = $1,264 tax cut
$111,646-$160,972 = $2,135 tax cut
$160,973-$226,918 = $2,796 tax cut
$226,919-$603,402 = $121 tax increase
$603,403-$2.87 million = $93,709 tax increase
$2.87 million-plus = $542,882 tax increase

Posted by: Liz | October 31, 2008, 11:15 pm 11:15 pm

Well now on one side you have 2 people with smarts and on the other side you have 1 who can’t remember what he ate for breakfast or maybe he didn’t eat at all, just don’t remember what he said 2 hours ago and the other has fluff between her ears a journalism major that flunked out of college at least 5 times….hippy smasher Rodney is right the next time you go shopping read the label. Angie Bush killed the middle class. And now mr. dementia and mrs. fluff want to continue to destroy

Posted by: Rose Szymanski | October 31, 2008, 11:50 pm 11:50 pm

1. The health care ‘system’ + the health insurance companies.
2. Energy resources/companies.
3. Disadvantageous foreign trade/sending jobs overseas.
4. CEOs raping their own companies, screwing the stockholders and workers and then parachuting out with huge bonuses.
5. The Fed’s interference in the economy through the GSEs.
Those, to me, are the five things that are bleeding our economy. How to keep that from happening without over-regulating to the point of stifling free enterprise is a balancing act. Try something, and if it doesn’t work, try something else until the Gov’t figures out the solution-and leave ideology aside. These CEOs are not going to control themselves, and if they can cook the books and lie…they will.
You would think that these other companies out there would be complaining. If I’m a CEO for, say, a restaurant chain and my company’s losing money because of these sharks in the aforementioned industries (because people have less to spend on eating out), I’d be ticked and wouldn’t invest in those companies.
However, taxing corporations is not a good idea. That just hurts employment and benefits, and raises prices. Taxing individuals is fine. These tax codes are BS and need to be streamlined and loopholes need to be closed.
Someone making 100K is going to get screwed over (even right now) compared to someone raking in 1,000,000 a year.

Posted by: Grand Old Party | October 31, 2008, 11:52 pm 11:52 pm

How does the richest man in the world feel about taxes? Warren Buffett in an interview with Tom Brokaw:
Tom: You’ve talked about in your own office, for example, you pay a much lower tax rate with all of your wealth than, say, a receptionist does.
Warren: That’s exactly right, Tom, and I think the only way to do it is with specifics. In our office 15 people cooperated in a survey, out of 18, I didn’t make anybody do it. And my total taxes paid, payroll taxes plus income tax, mine came to 17.7 percent. The average for the office was 32.9 percent. There wasn’t anybody in the office, from the receptionist on, who paid a lower tax rate. And I have no tax planning, I don’t have an accountant, I don’t have tax shelters. I just follow what the U.S. Congress tells me to do.
And how about the rest of the wealthy?
Tom on set: And to further prove his point, Buffett has challenged .. he’s offered a million dollars to charity to any of the Forbes 400 richest people who can show on average that they pay a higher tax rate than their secretaries pay, but so far, Brian, he’s had no takers.
http://www.cnbc.com/id/21543506
And John still thinks they are paying too much.. what a guy!
Vote for McCain if you want to pay more taxes so the wealthy can pay even less!

Posted by: Warren | November 1, 2008, 12:25 am 12:25 am

If you want to give away your own PB&J sandwich to a friend of yours who forgot their lunch, that’s cool. It’s called charity. It’s the conservative thing to do.
If the teacher comes and takes half of your sandwich and decides to give it, agaist your will, to the bullies that tease you endlessly about your dumbo ears, that’s socialism.
You don’t want me to give my money to others that I think need it. You want to tax me and “spread the wealth” to those people from whom you can bribe a vote.

Posted by: Mark Garnett | November 1, 2008, 12:40 am 12:40 am

Mark Garnet – your simplistic model does not reflect reality..

Posted by: Warren | November 1, 2008, 12:49 am 12:49 am

Here we go again – Capital Gains Tax – for those of you who don’t really understand what Capital Gains tax is? It’s a Rich Person’s Tax. McCain thinks he can shout “Cut Taxes” and everyone will think, “Gee, that sounds like a swell idea” … Not all tax cuts are good ones. This favours the very people whose loopholes we need to be tightening. BAD MOVE.

Posted by: chester burns | November 1, 2008, 2:27 am 2:27 am

I’ve already voted for Obama, Mike. Guess I’m done waiting for Conservative Charity to trickle down. No part of you holds any respect at all for fair taxation. What fairness do you believe in – fair days pay for a fair days work – does that ring any bells. Loved the silly sandwhich way of explaining to all the really dumb folks out there what it all means. Guess what, Mike. They aren’t 10 year olds. They get it. Keep plugging for McCain, Pal. How much they paying you by the hour, these days? I heard they cut it back to $8 ’cause he screwed up his budget – again. Ah well, $8 an hour is better than nothing. Just starting your shift, or finishing?

Posted by: chester burns | November 1, 2008, 2:33 am 2:33 am

For all you Obama-haters, this is America and I suggest you “love it or leave it”.
Obama will become President of the United States on Tuesday, Nov 4th and…
…THERE’S NOTHING YOU CAN DO ABOUT IT

Posted by: Akinyele | November 1, 2008, 2:47 am 2:47 am

-Licensed Plumber- Joe also needs to pay his back child support.
It’s amazing to see McCain/Falin cling to Joe the Plumber. This guy is the classic deadbeat and yet they try to make a hero out of him.

Posted by: Drew Hoffman | November 1, 2008, 7:50 am 7:50 am

Drew: I’ve also heard that Joe the ‘Plumber’ has a prior for shoplifting! I guess the only one who’ll be surprised by all of this – is McCain! The man’s an idiot.

Posted by: chester burns | November 1, 2008, 8:36 am 8:36 am

If Obama becomes President within six months Obama will start butchering and gassing Christians and Jews.
Why?
A.- Obama is a born a Muslim and was a practicing Muslim until the age of 28 which makes him a secret Muslim.
Today I sold all my stocks and bonds and are in cash 100%.
I bought Guns food and Gold and are looking for a safe country in Europe.
Remember the smart Jews in Germany who didn’t believe in Hitler’s “Change”, they sold everything and moved to neutral countrie and lived. The others believed Hitler and were butchered and gassed.
I’m leaving for Europe soon. White civilization is about to end in the US and I don’t like the law of the Jungle.
May god save us all.

Posted by: Trump Bryant | November 1, 2008, 9:33 am 9:33 am

I think Wall Street has killed it’s golden goose in that Main Street will now be less inclined to invest and will instead save for retirement. The democratic plan to treat capital gains as straight income will be the final nail in the coffin. If anyone doesn’t know what I mean, you probably never invested anyway.

Posted by: LongT | November 1, 2008, 9:54 am 9:54 am

Reminds me of an old Pink Floyd song “Money”. Deep down this is what tax increase proponents really think:
Money, get away.
Get a good job with good pay and youre okay.
Money, its a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think Ill buy me a football team.
Money, get back.
Im all right jack keep your hands off of my stack.
Money, its a hit.
Dont give me that do goody good bull****.
Im in the high-fidelity first class traveling set
And I think I need a lear jet.
Money, its a crime.
Share it fairly but dont take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise its no surprise that theyre
Giving none away.

Posted by: LongT | November 1, 2008, 10:02 am 10:02 am

Can someone explain why people who earn money by working should pay more taxes than people who earn money by not working? It hardly seems fair. Although a lot of people make money through labor and capital gains, it certainly seems that more people make most of their money through labor, not capital gains. To make more money through capital gains, you would have to have a lot of money.
McCain is pandering to the rich, which he already has. Another example that his approach to the campaign is confused, a very strong indicator that his presidency would be confused as well.

Posted by: Rich | November 1, 2008, 10:30 am 10:30 am

To “Please pass on” red balls, blue balls. Sounds painful. You’re getting balls confused with brains.

Posted by: seemstome | November 1, 2008, 10:42 am 10:42 am

yeah, I’ll take it… and I don’t care how much spending has to be cut… take it from the welfare budget: HUD, HEW, and all other other welfare programs spread among the departments…

Posted by: bill | November 1, 2008, 10:50 am 10:50 am

Or you could abolish the income tax and use it as it was intended, a tax on Corporate profits? Whatddya think folks? Think a good hard tax on these mutinational corporations who aren’t even paying taxes, could pay so YOU could KEEP YOUR money!?! Naw, that’s “too radical”, it’s far more stable to tax and bomb overseas like McCain or tax what’s left of the evaporating middle class so there will just be the eilite rich on one end, and everybody else dependent on government handouts on the other. Way to go Obama/McCain, you guys are offically INSANE!!! Why are you folks voting for our own enslavement??? Vote for a winner? You voted for Bush twice… what did you “win?”

Posted by: hmn | November 1, 2008, 12:33 pm 12:33 pm

Only the wealthy pay capital gains tax? You think that someone making more than $32,550 a year is wealthy? If so, you’re living in a fantasy world.
If you sell a capital asset for a profit, you get to pay capital gains tax on that profit.
The IRS defines capital asset as, “Almost everything you own and use for personal purposes, pleasure or investment is a capital asset.” (www.irs.gov)
For example, if someone making $33,000 a year gets a good deal on a used car, fixes it up and sells it for a profit…he gets to pay capital gains tax on that profit.
If you don’t pay that tax and get caught later, you get to pay it and whatever penalties and interest have accrued.
The capital gains tax rate affects far more people than most realize.

Posted by: MizFW | November 1, 2008, 12:56 pm 12:56 pm

trump bryant
don’t let the door hit you in the ass…
how you gonna pull a trailer to europe?
you’ll take a big hit converting $ to euros btw

Posted by: ArthurPE | November 1, 2008, 1:48 pm 1:48 pm

UNFAIR TAX SYSTEM: Lets put it this way: You just went away to college with your three buddies and decide to rent a house instead of staying in the dorm. Two of you work part time at McDonalds for say $5 bucks an hour and your third friend lands a great part time job making $10 bucks an hour. Do you make your friend making $10/hr pay 1/2 the rent??????? Or just his fair 1/3 share of the rent??? Why can’t we all agree on a 20% flat tax for everyone with no loop holes. That’s the beauty of percentages, make more, pay more. Nobody should have to pay a greater % then others. Seems like a fair solution to me!

Posted by: Tom | November 1, 2008, 2:53 pm 2:53 pm

A low flat tax is an excellent idea. It increases the tax base, and so it increases the total that the government takes in. Note that Hong Kong has a flat tax, and they recently lowered that tax. And they are part of China, a Communist country.
So why is anyone in Capitalist USA even thinking of raising taxes? They are just closet Communists, namely Socialists, who don’t know better.
By raising taxes, you kill the goose that lays the golden eggs.
Obama says a rising tide raises all boats, but not if some of the boats are overloaded. Even Atlas would Shrug!

Posted by: eugene | November 1, 2008, 3:41 pm 3:41 pm

anybody hear this palin crank call?
prez of France…lol
http://www.tindeck.com/audio/filestore/w/wwdo-SarahPalin.mp3
this woman is a moron…
she’s start-struck

Posted by: ArthurPE | November 1, 2008, 5:30 pm 5:30 pm

her autobiography… “hustler’s nailin’ palin”
doesn’t she realize France has a large socialist component to it’s government?
this woman is dense, like lead

Posted by: ArthurPE | November 1, 2008, 5:35 pm 5:35 pm

McC4P’s position results in a RE-gressive income tax. His hero TR would never has stood such an inequitable treatment of ALL BUT the wealthiest.
Unclear why the cap gain rate should be below the lowest bracket for ordinary income.
John … take your lead from Teddy

Posted by: OneObservation | November 1, 2008, 6:49 pm 6:49 pm

How is this announcement of ANY benefit to McCain- taking time out at this point to make an additional concession to the wealthy? The non-partisan analysis spells it out pretty simply- better for millionaires, obviously worse for those who will have to make up the shortfall. How many of McCain’s below $250K supporters have ever had to even know what capital gains are? (I assume there are more of them than there are millionaires- does he think they won’t understand?)
Really, someone tell me what the strategy is- I’m mystified…

Posted by: scott | November 1, 2008, 7:46 pm 7:46 pm

Our United States Would not have been attacked on 9-11-2001 if The liberal Democrat Voters did not
vote Slick Willy/The Clintons into a Trust worthy Highest Respected Office, of Presidency, period.
Now Because he wasn’t doing his job, to watch and to protect the Country.
Osama BinLaden terrorist leader, was within this Country planning another previous Attack again after
Destroying the parking Garage beneath, the World Trade Centers Building, with horrible carnage, mass
destruction, and injuring others. Today 2008, We all, still suffer the effects of the attacks on the world
trade centers. Another reason why the Economy, Wall Street, every towns Main Street, is still effected.
He was impeached, on SEVEN COUNTS OF IMPEACHMENT! Disrespectful, lying, felony, Womanizer,
Clown. But, was not removed from office. Shame. Even Joe Biden voted for impeachment.
Honorable Joe Lieberman, did the Right thing! Voted for Clintons Impeachment! He didn’t leave the
Democrat party. The party left Him. He voted Bipartisan. The honorable thing.
B. Clinton, should have been removed form Office, and not portrayed as a Hero. He pardoned over 200
criminals including drug dealers, in his last days of presidency. What a shame. What a sham.
Voting for “Barrack Hussein Obama” Will Bring and almost Guarantees more of the Same.
The Alleged A.C.O.R.N. group is under Investigation. They promote Voter fraud, the immediate Media
is a cover up of the Democrat Cheat to win. Their agenda is get all Democrats elected any way, any how!
If Secretary of State Susan Bysiewicz, would like to keep and protect an accurate Election.
With no Improper Election fraud. Within our State, The right and proper thing to do is.
Insure that all eligible voters when handed a ballot, even an absentee ballot, to apply their legal social security number attached written on the ballot to be recorded and verified, with the new computer read scanner, voting machines.
Then and there, nationally if voter fraud, excessive voting and accuracy can be verified, instantaiously.
When voter verification is recorded.
One Vote, One Voter!
No more dead gold fish voters, deceased voters, multiple illegal voters.
With mandating the Voter apply his/her, Legal social security number be written on the ballot, for the vote scanner this should be mandated though out our Country at all the polls and insure voter accuracy, and legimaticy.
With strong severe Federal election law penalties, of severe fines and imprisonment.
Along with the eradication of our Rights , liberties, Pursuit of Happiness, and Security!
I personally do not believe he was born within the United States or is a Citizen! That disqualifies his
presidency. The Media including the Hartford Courant, The Journal Inquirer. Have been Bias
supporting, campaigning for Obama Democrats. Allowing,Terrible cartoon characters, pictures, untrue
mockery and ridicule of the Republican candidates.
John McCain and Sarah Palin have an economic plan that celebrates the American dream of opportunity,
not government give aways. In this country, we believe in spreading opportunity, for those who need
jobs and those who create them. That’s why their economic plan – Jobs for America – is so
important for the American people in this time of economic crisis. While Barack Obama is ready to
“spread the wealth around,” John McCain has a plan to get our economy moving so everyone has
access to good jobs, a quality education and the opportunity to succeed.
Honorable John McCain and Sarah Palin offer Honesty, Fresh recovery, no tax increases, strength
prosperity, stability, and Security, for our country .
Vote good Hon. John McCain and Sarah Palin for the Best of our Country. The United States of
America.!! God Bless America if U don’t ! Thank You

Posted by: Born American ProAmerican | November 1, 2008, 11:52 pm 11:52 pm

Warren,
Question are there any job openings for secretary that make that kind of money???? I’m sure there would be a lot of people standing in line.
Don’t know where you dug up this insanity.
Show me poor folks that hire people.
If your working go ask your boss if he is rich and likes to pay more taxes, simply economics, profit goes down people are out of work.

Posted by: usafirst | November 2, 2008, 12:49 pm 12:49 pm

PENNA, OHIO,NEVADA,COLORADO AND VIRGINIA CATHOLIC VOTERS WILL VOTE FOR MC CAIN -PALIN TICKET. THEY WILL DECIDE THE REAL RESULT OF THIS NOV/4/08 ELECTIONS.65 MILLIONS OF CATHOLIC VOTERS ARE FACING THE CHURCH CRISIS, OUT NUMBER ABOUT 30MILLONS RADICAL VOTERS.

Posted by: ENE MDIAZ | November 2, 2008, 2:01 pm 2:01 pm

Catholics will help in the victory of mc cain-Palin.

Posted by: ENE MDIAZ | November 2, 2008, 2:20 pm 2:20 pm

There should be no capital gains taxes, no income taxes, no corporate taxes, no medicare/medicaid taxes, no SS taxes…
Instead, there should be a progressive national sales tax.

Posted by: Dragon | November 3, 2008, 10:57 pm 10:57 pm

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