Do you still believe that Obama wants to tax the heck out of everybody?

Well then I guess you believed the email that was sent to you.





Here is what Snopes.com says about the email on Obama's tax changes...





http://www.snopes.com/politics/obama/tax鈥?/a>





Now here is the truth





Economic policy





Obama's current economic advisors are Austan Goolsbee of the University of Chicago and Jeffrey Liebman of Harvard University.[2]





Obama wrote: "We should be asking ourselves what mix of policies will lead to a dynamic free market and widespread economic security, entrepreneurial innovation and upward mobility [...] we should be guided by what works."[3] Speaking before the National Press Club in April 2005, he defended the New Deal social welfare policies of Franklin D. Roosevelt, associating Republican proposals to establish private accounts for Social Security with Social Darwinism.[4]


STILL WANT TO PRIVATIZE Social Security WITH WHAT HAPPENED ON WALL STREET... McCAIN DOES





So what does Obama want to do about it. SEE Wikipedia below





On April 20, 2007, Obama introduced a bill in the Senate (Shareholder Vote on Executive Compensation Act - S. 1181) requiring public companies to give shareholders an annual nonbinding vote on executive compensation, popularly called "Say on pay." A companion bill introduced by Rep. Barney Frank passed the House the same day.[6] Several corporations voluntarily have begun to give shareholders such a vote because of concerns about excessive CEO salaries. Some critics have said that the federal law would interfere with the traditional state oversight over corporate governance.[7]





Federal tax change in 2009





http://en.wikipedia.org/wiki/Political_p鈥?/a>








McCain Obama


Income Change Change


in average in average


tax bill tax bill








Over $2.9M -$269,364 +$701,885


$603K and up -$45,361 +$115,974


$227K-$603K -$7,871 +$12


$161K-$227K -$4,380 -$2,789


$112K-$161K -$2,614 -$2,204


$66K-$112K -$1,009 -$1,290


$38K-$66K -$319 -$1,042


$19K-$38K -$113 -$892


Under $19K -$19 -$567


CNN,[52][53] Tax Policy Center,[54]


BarackObama.com,[55] JohnMcCain.com[





Obama has proposed a tax plan which includes an $80 billion tax cut for poor and middle-class families and repeal the tax cuts for the richest one percent of taxpayers. His tax plan calls for billions in breaks by nixing income taxes for the 7 million senior citizens making less than $50,000 a year, establishing a universal credit for the 10 million homeowners who do not itemize their deductions -- most of whom make less than $50,000 annually -- and providing 150 million Americans with tax cuts of up to $1,000. Persons making at least $250,000 or more would pay payroll tax on their entire income, as opposed to the first $102,000[57][58] and would see their capital gains tax increase from 15% to 20%. [59] Obama spoke out in June 2006 against making recent, temporary estate tax cuts permanent, calling the cuts a "Paris Hilton" tax break for "billionaire heirs and heiresses."[60] Speaking in November 2006 to members of Wake Up Wal-Mart, a union-backed campaign group, Obama said: "You need to pay your workers enough that they can actually not only shop at Wal-Mart, but ultimately send their kids to college and save for retirement." His tax plan would bring in an additional $700 billion in taxes over the next 10 years.[61]





In The Audacity of Hope and the Blueprint for Change[62] Obama advocates responding to the "precarious budget situation" by eliminating "tax credits that have outlived their usefulness", closing corporate tax loopholes, and restoring the PAYGO policy that prohibits increases in federal spending without a way to compensate for the lost revenue.[63]


|||That is most interesting.I keep hearing rich people expand the economy,by creating jobs and opportunity for jobs.Sounds good but its not working.The ceo still takes home bonuses at years end,no new jobs were created but thousands were laid off.84,000 in august.While we bail out these corporations they are laying off workers,and at the end of the year they will take home millions but they needed a bail out.Am I the only one sees something wrong here?Obama may not have it all right but at least he has some insight.Thats more than I can say about any of the so called experts on the economy.Its going to be rough going I think untill someone gets a grip on it.But we certainly need to start soon.|||he has proposed 1 trillion dollars in new spending where do YOU think he is going to get the money|||Yes. |||hell ya...|||All very interesting....





You and Snopes both say the simple difference in the two candidates economic platforms is





Obama gives money to poor people


McCain give money to rich people





Now follow me on this.... accept the fact that "greed" is a powerful motivator for individuals and the economy





When you give poor people more money..... they spend it..... what happens? After the money is spent....nothing.....no permanent change to the economy.... after a momentary jump in spending.....no change.... our economy is still crap....no new jobs.....no new businesses.....NOTHING CHANGES





When you give rich people more money what happens..... the greedy bastards want more money.....so they start new businesses ; create jobs..... employ more people.... buy more goods to support their new businesses.....creating more jobs..... the economy grows.... economic growth that benefits us ALL including the poor





Never met a poor man who created a job on the amount of money ( political bribery....vote buying) Obamas policy will provide





You use class envy....class warfare..... Rich people pay more into the system.....why should they not get more back from the system.....that is called fair


Your proposal is called "income redistribution" and it is socialism NOT capitalism





( BTW I am not "rich"......just realistic.... I do not want phony "change" ;I want real "change"