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Obama says he will cut the Bush Tax cuts for the poor, have you really thought how bad that is?

2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS ISSUE JOHN McCAIN BARAK OBAMA Favors new drilling offshore US Yes No, but might consider Will appoint judges who interpret the law not make it Yes No Served in the US Armed Forces Yes No Amount of time served in the US Senate 22 YEARS 143 DAYS Will institute a socialized national health care plan No Yes Supports abortion throughout the pregnancy No Yes Would seek to pull troops out of Iraq immediately No Yes Supports gun ownership rights Yes No Proposed programs will mean a huge tax increase No Yes Voted against making English the official language No Yes Voted to give Social Security benefits to illegal aliens No Yes CAPITAL GAINS TAX MCCAIN 0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax. OBAMA 28% on profit from ALL home sales. (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.) DIVIDEND TAX MCCAIN 15% (no change) OBAMA 39.6% (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying=2 0nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.') INCOME TAX 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$16,800 Married making 75K - tax $21,000 Married making 125K - tax $38,750 INHERITANCE TAX MCCAIN - 0% (No change, Bush repealed this tax) OBAMA Restore the inheritance tax - Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes. NEW TAXES PROPOSED BY OBAMA New government taxes proposed on homes that are more than 2400 square feet. New gasoline taxes. New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts. New taxes to pay for socialized medicine. You can verify the above at the following web sites: http://money.cnn.com/news/specials/election/2008/index.html http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html http://elections.foxnews.com/?s=proposed+taxes http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/ http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/ you are in denial that the sources listed show Obama really did read this stuff off the telepromter? wow 1st step--admit you have an addiction 2nd st.. Tax cut to 95% of the people changed to 95% of the working people and now it has CHANGED to those that do community service, military or work, at the speed you countered the truth you didnt check the sources that Obama read from the telepromter--Obama cant beleive what he has been reading, the truth is before your eyes and you deny it, you people are sad, I hope Obama does win so you can see what por is, I worked for a living so I can watch you grovel like beggers and fight for a crumb of bread--I havent been turned in yet for the truth,,,, the Obamaidiots must be in shock and awe from what Obama read from the telepromter the reason you dont see reference to middle class is because middle class is a Socialist term--actually is middle/peasant class when it was originally defined by Karl Marx there was a greater number of trained professional before the Clinton era but they got wiped out by taxes

Public Comments

1. Obama is my worst nightmare for a president. I will never be a supporter of his.
2. Wow maybe you should write him a letter when he is President
3. so much BS and he said no such thing...get used to it obama is going to win
4. Obama is for the poor Mccain is for the rich you idiot. Dem=fOR THE poor REP=For the the rich
5. The capital gains thing is a BIG lie. Obama said he's not raising capital gains on people making $250, 000 and under. Did you not hear what he said?? 95% of Americans are getting tax cuts. 95%.
6. Go here and actually read his plan. http://www.barackobama.com/taxes/
7. You can't read.
8. that was impossible to read and understand. vote for my answer.
9. mccain has preached check our records. thanks
10. you do realize that the bush tax cuts did not help this country? You do realize we actually were better off financially, rich and poor during the last presidency?
11. your sources do not support your list... http://www.snopes.com/politics/obama/taxes.asp
12. Well at least that you acknowledge that the middle class are having a financial struggle at the moment, but we (the middle class) are not poor YET! As it was shown on the news, during Obama's speeches and in the debates... He plans to cut taxes for the MIDDLE CLASS. perhaps you are one of those above $250K earners (business owners) that Sen. Obama proposes will receive a higher tax rate. but if you think that McCain, Obama or anyone else is going to lower taxes - you've got another thing coming - NO MATTER WHO WINS THE ELECTION WE ALL, YES ALL will have to pay MORE TAXES to pay for this nearly trillion dollar payment (that has already been doled out under the current "lame duck" administration) to "fix" the financial crisis.
13. DON'T believe everything you hear from the candidates..i have been voting since the Kennedy era...you will be lucky if half of what they say will happen..and as far as taxes...they will go up..always have..always will...tax breaks are almost non existent
14. I am in total agreement with you, most Pro-Obama people seem to completely overlook these statements by him. Heck there are some who were asked who they were voting for? when they said Obama, they were asked questions like "Do you think that Sarah Palin was a good chose on Obama's part?" & "do you agree with Obama being Pro-Life or because he thinks our troops should stay in Iraq and finish this war?" They were in 100% agreement with Obama, and his choses. LOL They didn't even realize that those were all of Mccain's views and polices.