portnoy… you havent been listening to mccain and his trickle down ???? geezus. you might want to do some friggin research.
edit… cutting taxes on corporations has to do with trickle down. yet cutting taxes doesn’t seem to keep the jobs in the states.
He wants to reduce taxes for ALL companies to reduce the incentive to outsource jobs to lower cost areas. This has been proven to work WITHIN the US as jobs move from higher tax states to lower tax states. MOST of the jobs leaving Ohio and Michigan are NOT going overseas, they are going to Texas.
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
ISSUE
JOHN McCAIN
BARAK OBAMA
Favors new drilling offshore US
McCain:Yes
Obama:No
Will appoint judges who interpret the law not make it
McCain:Yes
Obama:No
Served in the US Armed Forces
McCain:Yes
Obama:No
Amount of time served in the US Senate
McCain:22 YEARS
Obama:173 DAYS
Will institute a socialized national health care plan
McCain:No
Obama:Yes
Supports abortion throughout the pregnancy
McCain:No
Obama:Yes
Would pull troops out of Iraq immediately
McCain:No
Obama:Yes
Supports gun ownership rights
McCain:Yes
Obama:No
Supports homosexual marriage
McCain:No
Obama:Yes
Proposed programs will mean a huge tax increase
McCain:No
Obama:Yes
Voted against making English the official language
McCain:No
Obama:Yes
Voted to give Social Security benefits to illegals
McCain:No
Obama: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 nearly 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
Under Obama, your taxes could almost double!
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 (as if gas weren’t high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least….New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
VOTE MCCAINPALIN 2008
Explain how he plans to keep this low for companies that outsource? Link/Proof?
Edit – Do you own research, McCain never stated this and outsourcing has nothign to do with trickle down economics.
portnoy… you havent been listening to mccain and his trickle down ???? geezus. you might want to do some friggin research.
edit… cutting taxes on corporations has to do with trickle down. yet cutting taxes doesn’t seem to keep the jobs in the states.
He wants to reduce taxes for ALL companies to reduce the incentive to outsource jobs to lower cost areas. This has been proven to work WITHIN the US as jobs move from higher tax states to lower tax states. MOST of the jobs leaving Ohio and Michigan are NOT going overseas, they are going to Texas.
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
ISSUE
JOHN McCAIN
BARAK OBAMA
Favors new drilling offshore US
McCain:Yes
Obama:No
Will appoint judges who interpret the law not make it
McCain:Yes
Obama:No
Served in the US Armed Forces
McCain:Yes
Obama:No
Amount of time served in the US Senate
McCain:22 YEARS
Obama:173 DAYS
Will institute a socialized national health care plan
McCain:No
Obama:Yes
Supports abortion throughout the pregnancy
McCain:No
Obama:Yes
Would pull troops out of Iraq immediately
McCain:No
Obama:Yes
Supports gun ownership rights
McCain:Yes
Obama:No
Supports homosexual marriage
McCain:No
Obama:Yes
Proposed programs will mean a huge tax increase
McCain:No
Obama:Yes
Voted against making English the official language
McCain:No
Obama:Yes
Voted to give Social Security benefits to illegals
McCain:No
Obama: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 nearly 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
Under Obama, your taxes could almost double!
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 (as if gas weren’t high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least….New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
VOTE MCCAINPALIN 2008
Explain how he plans to keep this low for companies that outsource? Link/Proof?
Edit – Do you own research, McCain never stated this and outsourcing has nothign to do with trickle down economics.