Quote from AAAintheBeltway:
With respect, this is a load of crap.
First of all, he is definitely not lowering taxes for the "bottom 95%." He has proposed reclassifying welfare payments as tax refunds, even though the recipients didn't pay any taxes to begin with. That's apparently how he comes up with a "reduction."
Thanks for the "with respect part"
Anyways, to be clear, are you saying that, under Obama's tax plan, middle income people won't pay less in income tax? If so, you are simply mistaken. Without typing out the whole plan: he does intend to cut taxes on 95% of workers and families ($500 workers, $1,000 families), also tax cuts would include seniors, homeowners, uninsured etc. He also advocates eliminating capital gains taxes for small businesses and the cutting of certain corporate taxes.
He definitely is not for lowering the estate tax. That is a big target for class warfare democrats. It is scheduled to be eliminated under the Bush tax cuts, but dems want to keep it in force. It is a big item for small businesses, farmers, etc, not just for Bill Gates. The super rich have ways of avoiding it. The semi rich do not.
Once again, you are mistaken. From factcheck.org: "The claim that Obama proposes to "restore the inheritance tax" is also false, as are the claims that McCain would impose zero tax and that Bush "repealed" it. McCain and Obama both would retain a reduced version of the estate tax, as it is correctly called, though McCain would reduce it by more"
Regarding class warfare, I don't know what else you call trying to buy votes by promising to take money from one group, the so-called rich, and handing it out to another. And justifying it because they can "afford it." Maybe you have room in your house to allow a welfare family to move in with you. You can "afford it." How's that sound to you?
You are obviously over simplifying a complex problem. The top 5% of this country hold 50% of the wealth. There is no free lunch, and we have to pay for the programs needed to move our country forward. I'll admit, the "rich can afford it" argument sounds weak, however that because you make it so. The crux of the argument is this :the lower and middle class (95% of our entire country) are making less and less money, paying more and more in bills all while our dollar is getting devalued. Simply put, they can't afford to pay. Like a lot of others on ET, you have this rosy view of our economy. Of course we would love for more jobs to be created so we can lower taxes and still grow as a country. The fact is that's NOT the situation we're in right now. We need money. Where is all the money? The top 5%. What's funny is that people are acting like this is unprecedented while under Obamas plan "no family will pay higher tax rates than they would have paid in the 1990s. In fact, dividend rates would be 39 percent lower than what President Bush proposed in his 2001 tax cut."
In Obama's marxist world, cap gains tax are the ultimate form of class warfare. Who owns stock and property? Not the people screaming for white blood at Rev. Wright's church. Actually a lot of rather ordinary people will be hurt through their pension funds, etc but no one thinks that far when a demagogue like Obama is shouting populist nonsense.
Once again you are operating on false information. From factcheck.org: "Furthermore, he has said only couples making $250,000 or more (or, his policy advisers tell us, singles making more than $200,000) would pay the higher capital gains rate. That means the large majority of persons who pay capital gains taxes would see no increase at all."
You are suffering from the same mentality you are raging against, just for the other side. In this post alone you have posted false information just so you could prove your point. Obama has his share of worshipers who don't think, however, judging by your post, so does mccain
