and herin lies the fundamental difference between left and right-wingers…
From the Tax Policy Center at http://www.taxpolicycenter.org/publications/url.cfm?ID=411750
Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next ten years, according to a newly updated analysis by the non-partisan Tax Policy Center. Compared to current law, TPC estimates the Obama plan would cut taxes by $2.9 trillion from 2009-2018. McCain would reduce taxes by nearly $4.2 trillion. Obama would give larger tax cuts to low- and moderate-income households and pay some of the cost by raising taxes on high-income taxpayers. In contrast, McCain would cut taxes across the board and give the biggest cuts to the highest-income households.
The biggest problem I see with this is this: since it’s a well-known fact that the top income-earners in this country actually pay most of the country’s taxes (and about 30% don’t pay any) is Obama then going to GIVE those bottom non-taxpayers free money?
Free money from the government! No wonder they want him in office. Meanwhile folks like the rest of us (at least everyone I know, since I don’t really know anyone on either extreme end of the spectrum) are caught in the middle.
Personally I have a huge problem with the whole “fairness” ideal and I’m not even rich. Well, not rich in the American sense of the word. We struggle every month with paying the bills and meeting the needs of our kids and everything else…and I don’t carry Coach purses or have DVR. I have my own business that I work my butt off for and my husband works his off at his job too.
I know, I know, I’m forgetting the rhetoric…only if you make MORE than $250,000 will you get an increase! Well good grief…shucks, by golly, give me my $1000 tax cut…it’s okay if you tax my hubby’s employer to the point that next year he doesn’t have a job! I got me a tax credit!
YIPPEE.