American families are in desperate need of economic relief.


Barack's plan will cut taxes for 95% of working families.
John McCain will provide billions in tax breaks for big oil companies and giant corporations with no relief for millions of middle-class Americans.


Barack is calling for three times the tax cuts for middle-class families.




With our country facing the most serious economic crisis since the Great Depression -- over 760,000 jobs lost this year, unemployment skyrocketing, and retirement losses exceeding $2 trillion -- we need to take immediate steps to recover.


Forbes writer Brian Wingfield recently used the tax cut calculator and told his readers exactly how much he would save...

"Obama's web page has a very simple gadget that's the most useful thing I've seen on any political website in a while.


It's a "tax cut" calculator. You just fill in your income, filing status, whether you're saving for retirement, number of dependents, outstanding mortgage balance, etc and --voila!--it shows you how much you'll save in taxes under an Obama presidency. It tells me that I'm going to keep an extra $1000 of my hard-earned cash if Obama wins. It also tells me I'll save $0 under a McCain presidency."


Would you win or lose?

they'll just spend it.

but in the real world , can he cut taxes. i say no.

So my wife tapes "The View". She asked me to watch the show a couple of weeks ago. They mentioned that McCain would provide a $5K tax credit that Americans can use for Health Insurance premiums. One of the ladies, I think her name is Sheri, says we can't give the average American $5K, because they will just spend it on rent, food, vacations and other things, not healthcare. The government needs to make the decision for Americans.

Granted, the majority of electorate does not make the best decisions about a lot of things, but this is where you get down to a fundamental difference, and that has to do with choice. Liberals don't believe Americans should make choices as it relates to healthcare, education, etc. Nevertheless, everyone has the right to make the right decision or the wrong decision and live with the consequences.

He campained on middle class tax cuts. Once he office he raised taxes.

Got the following from the net:

From a 1996 article by van Goethe in the Cornell Review are a list of Clinton's lies, or flip-flops, on policy only. A snippet:

On a Middle Class tax cut:
“...I’ve offered a comprehensive plan...[that] starts with a tax cut for the middle class.”
-Bill Clinton, in his first campaign ad, January 1992

“We will lower the tax burden on the middle class...”
-Bill Clinton, in Putting People First, September 1992

“I will not raise taxes on the middle class.”
-Bill Clinton, October 19, 1992

“From New Hampshire forward, for reasons that absolutely mystified me, the press thought the most important issue in the race was the middle class tax cut. I never did meet any voter who thought that.”
-Bill Clinton, January 14, 1993


So what happened? I'll let a Democratic Senator and a NY Times columnist tell you:

Sen. Daniel Patrick Moynihan (D-NY) described the 1993 Clinton tax hike as "the largest tax increase in the history of public finance in the United States or anywhere else in the world." (Sen. Daniel Patrick Moynihan, Congressional Record, 3/18/93, p. S3126)

"..many people who are not wealthy will be affected by the tax increases, some in ways that have been widely heralded, but others in ways that may come as a surprise. Gasoline taxes are going up; so are taxes on many people's Social Security benefits. Anyone who moves for a new job might lose certain deductions of expenses, whether he is Croesus or Cratchit." (John H. Cushman Jr., "The Budget Struggle," The New York Times, 8/8/93)

Middle-class taxes certainly were not cut, they were raised. He just tried as hard as he could, but he couldn't do it, remember. Note that Mr. Clinton's statement about the tax cut not being very important occurred before inauguration, but after the election. Note also that the late Sen. Moynihan's comments occurred March 18, 1993 - it took less than 2 months after Clinton was sworn-in for the cut to disappear, and be replaced by the huge increase.

Sen. Obama and some Congressional leaders have proposed  increasing the 33 and 35 percent personal income tax rates to 36 and 39.6 percent, respectively, restoring the higher, Clinton-era tax rates on the top two brackets.  This would raise taxes on 45 to 55 percent of small business income, according to a new Tax Foundation study.

A new Tax Foundation study explains that because most small businesses are not required to pay the corporate income tax, small business income instead "flows through" to the owners who report it on their individual income tax returns.

Economist Robert Carroll explains that 35 percent of business taxes are paid in this manner by the owners of "flow-through" businesses—sole proprietorships, farm proprietorships, partnerships and S corporations.


About 1.3 million tax returns will pat an extra $30.1 billion under Obama's plan to raise the top two tax rates.
Using the most inclusive definition of "small business" to calculate the percentage of this tax increase that falls on business income, nearly 80 percent of taxpayers affected by the top two tax rates report at least some income or loss from a flow-through entity.
Using this definition, 51 percent of small business income would see a tax increase totaling $15.4 billion.
In another definition, where 65 percent of taxpayers in the top two brackets report positive business income, 55 percent of small business income would see a tax increase totaling $16.4 billion.
"Under these alternative definitions, the fraction of taxpayers in the top two brackets with business income varies from 36 percent to 77 percent," Carroll explains. "However, roughly one-half of the $30.1 billion in higher taxes could be attributed to the business income regardless of the definition."

"Small businesses are an important source of innovation and risk-taking, creating between 60 and 80 percent of net new jobs, employing over half the labor force, and generating more than one half of the nation\'s gross domestic product," says Carroll.

Source:  Robert Carroll,"The Effect of the Presidential Candidates' Tax Plans on Flow-Through Businesses," Tax Foundation, Fiscal Fact No. 152, October 23, 2008.

Sweetleaf68: I don't care what Obama is saying now to get elected, we all know it is a lie anyway. When the Dems let the Bush tax cuts expire, ALL OF OUR TAXES are going up. Reinstatement of the 'marriage penalty' tax, got any money or own a small business when you die, the reinstatement of the 'death tax' will take care of that, corporate taxes will go up. US corporations already have the highest tax rates in the world. Wonder why so many of them are going off shore. Capital gains taxes will go back to the original rates, (how's your pension plan funded and managed, or selling a house?). Personal income taxes will revert to their previous rates, and on and on. Bush tax cuts saved me $4,125 in 2007 as opposed to 1999. Obama is going to have to come up with a pretty good plan to allow me to continue that. What the average American pays for goods and services is sure to increase if Obama's plan goes through.

the U.S. the best economic times in years as well as the so-called "surplus."

Dubya then fucked it all up.

Sure, Conservatives are going to come in and respond that it was actually H. W. Bush, but in reality deep inside, they know the truth.

Clinton and his team did it.

So, let's all say thanks to Dubya and his idiots.

Economists are like meteorologists. You can never get any of them to agree on the same thing. USA Today had a full page article in November, 2007, wherin 10 economists gave their opinions on what the 2008 economy would do. Of the 10, none were in agreement. They covered all points of the economic spectrum. It was laughable.