Obama’s Tax Plan Better for Working Families Than McCain’s

[Breeze54]

Obama’s Tax Plan Better for Working Families Than McCain’s

http://blog.aflcio.org/2008/09/04/obamas-tax-plan-bette...

by Seth Michaels, Sep 4, 2008

As the Republican Convention continued Tuesday night, former Sen. Fred Thompson (R-Tenn.) brought out a tired old talking point in his speech, one that Sen. John McCain and his allies have been pushing all year and that corporate interests have been trying to sell for decades. It’s the old “tax hike” scare.

Thompson and McCain are flat-out wrong when they allege Sen. Barack Obama’s proposed economic plan would raise taxes on millions of working families. In reality, his plan would give tax cuts to nearly all working families.


Source: The Washington Post

The Tax Policy Center has done intensive analysis of the two candidates’ tax proposals and their public statements and found that the majority of taxpayers would see more relief from Obama’s plan than McCain’s. The Washington Post has created a chart that explains exactly what each candidate’s tax plans would mean for different income levels, and the analysis points to stark differences.

Obama’s plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy.

There’s even a website, http://ObamaTaxCut.com where you can calculate the estimated tax cut Obama’s plan would give you—and compare it to what you would see under McCain’s plan.

Obama’s plan gives tax cuts to 95 percent of working families. The overwhelming majority of taxpayers would see a bigger tax cut under Obama’s plan than McCain’s. As The Washington Post chart shows, 60 percent of taxpayers would get a tax cut three times as big from Obama as from McCain. That’s real money in the pockets of hardworking families.

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[KillCapitalism]

1. We gotta get this out in the open.

We have to let people know the truth.

However, it's tough when about 50% people are delusional enough to think they are in the top 1%, or will be soon.

[Breeze54]

3. Send it on your e-mail lists and post it on My Space, Face Book... etc!

I agree!! This information needs to be spread far and wide!!

[ihavenobias]

14. BIG K & R Breeze. I'm spreading that and I encourage you to spread...

I'm spreading this mass email with devastating and sourced facts on McCAin vs Obama.

For example, I included this (in the email there is a link).

2)-If you get your health insurance through your employer John McCain wants to treat your benefit as taxable income according to the Wall Street Journal. That will push many Americans into a higher income bracket meaning you could pay thousands per year more in taxes.

[Breeze54]

17. Awesome!! We're going to WIN in November!!

Kick their asses!! Spread the truth!!

[ihavenobias]

18. I agree. The right keeps sending emails with lies and smears, so the least we can do is spread

the truth!

[Breeze54]

21. Hell yeah! Send it right back to all those on those e-mails!

[OhioChick]

24. That is an excellent email...

I highly recommend sending it to any Republican or undecided voter anyone knows.

You did a hell of a job on it, ihavenobias.

[Stellabella]

2. Just saw quite a lie in a McSame ad.

Stated that Democrats were 'poised to raise taxes on working families.'

Just exactly why is it they're allowed to LIE like that?

[Breeze54]

4. Because they've been lying for 30+ years... spread the truth far and wide!!

and Welcome to DU, Stellabella! Love the name!

[Stellabella]

5. Thanks - that's my pet name for my calico cat.

She loves it too..

[Ashy Larry]

6. K&R

http://obamataxcut.com is a great idea!

[Breeze54]

7. Thanks Ashy....

Let's get this on the front page!

[IndependentDem]

8. K&R-- I modified it and sent it out to people and posted on myspace... here is what i sent:

Subject: Taxes: Lies, Distortions and the Facts you wont hear on the news

Body: During the Republican National Convention this week, many speakers brought out a misleading tired old talking point, one that McCain has been pushing all year and that corporate interests have been trying to sell for decades. It’s the old “tax hike” scare.


McCain, Palin and all the others are flat-out LYING TO YOU when they allege Obama’s proposed economic plan would raise taxes on millions of working families. In reality, his plan gives significantly larger tax cuts to working families than McCain.


It's pretty simple, if you make less than about $110,000.00 a year you will pay up to 5% LESS TAXES under Obama’s purposed plan. In contrast, if you make over $250,000.00 a year you will pay less taxes under McCain’s plan and if you make over $2,000,000.00 a year you will pay much much less under McCain’s plan.


The facts: Obama is going to raise taxes on people that make over $600,000.00 a year. He is going to LOWER taxes for the rest of us.


See what your Obama tax cut will be:
http://obamataxcut.com


How dumb do these people think we are? Don’t they realize that all of this information is available on the internet? Politicians lie, that’s a fact, but they should at least be good at it.



Read the facts for yourself:

http://www.factcheck.org/elections-2008/more_tax_decept...

http://www.taxpolicycenter.org/UploadedPDF/411741_updat...

http://www.washingtonpost.com/wp-dyn/content/story/2008...

http://www.washingtonpost.com/wp-dyn/content/article/20...





p.s. some of this was stolen from > http://blog.aflcio.org/2008/09/04/obamas-tax-plan-bette...

[Breeze54]

9. But that graph would help get the point across immediatly and where's the calculator link?!

People do NOT click links!! That's the whole point of posting the facts and the graph in my OP.

[IndependentDem]

23. yeah, I couldn't get the graph to work on my myspace post...

but you are right graphs are definitely more effective.

[Breeze54]

26. I hear you! My Space kills me with the HTML and posting pics!

I always have to check the HELP files to figure it out.

Drives me crazy! Good job though!! You're a !!

[Patiod]

10. Point out that those >65 making <$50K will pay $0 in fed taxes

Some people have told me that most people in that group aren't paying anything now, but my elderly parents disagree - they know folks who fit that who still pay federal taxes.

[Breeze54]

11. I think seniors do get tax breaks but It depends on income, home ownership, etc....

A lot of people over 65 pay taxes!! It depends on their income and other factors.

[Patiod]

12. sorry, it cut off my title - I had to edit it back on

Seniors over 65 making $50,000 or under will pay nothing.

[Breeze54]

15. Look at the graph! Everyone making less than $50K doesn't pay and

it looks like they get a refund!

[onethatcares]

13. damn right, they might not pay "income taxes" but

thier social security benefits are taxed, and now the mcslime plan is to tax medical benefits. WTF is wrong with that picture?

[Breeze54]

16. Even the unemployed pay "Income Taxes" on their checks under the repukes but everyone

employed or not pays taxes! You pay everytime you buy something besides food at the grocery store!
If it's a precooked meal or sandwich? Then you pay taxes on it! And there's gas, cigarettes, apartment
rental (tax figured in the rent!), electricity, phone, heating oil/gas/electricity, booze, TV's, appliances...
almost everything you might purchase, you pay taxes on!! Everyone pays taxes!!

Don't believe anything the rethugs say!! They're all LIARS!!

[Patiod]

19. Good points to add on

I was referring specifically to Federal Income Tax. Most of those other taxes are state or local, and the executive branch has no influence on that.

[Breeze54]

20. Unemployed get a tax form (like a W2) and they have to file Federal.

But they also have to file state income taxes in a lot of states.

I think it's a 1099... not sure but they have to file!

A lot of people keep all their receipts all year for everything
they buy and declare it on their taxes, or they should! And they
can also claim mileage for commuting to and from work!

[Patiod]

22. I've taken advantage of Unemployment Insurance myself

and VERY thankful for it. Glad my employer and I paid into it.

And you are 100% correct - you do indeed have to pay Federal taxes on it

I was trying to make the point, though, that those over age 65 would have to pay NO federal income taxes AT ALL if they made in $50,000 or less. Not that they don't have to pay state/local sales taxes, but that Obama's plan would exempt them from Federal Income taxes regardless of the source of the income.

I just though it was a good selling point for those folks over 65 who might need a little nudge to do something they would never imagine doing - voting for a (whisper) black man (unwhisper) Remember Carville? (yeah, I know, don't start) "It's the Economy Stupid." You can definitely win some votes with pocketbook issues.

[Breeze54]

25. That is a good selling point and I agree... spread it around but

what I was saying is that many who earn even more than that will get a break!

Look at that pic in the OP!

[chicken]

27. Who cares about Alaska, these are the facts media should talk about

The source document is here: An Updated Analysis of the 2008 Presidential Candidates' Tax Plans: Revised August 15, 2008
(Tax Policy Center site is linked in the blog article, but not the actual document)

I think the charts on page 38 and 39 of the actual report make an even more impressive comparison of the tax plans, calculating the % change of after tax income. IMO the best material to counter any "democrats are tax raisers" argument.

Under Obama I personally would have to pay $400 more in taxes a year than with McCain's plan. But unlike the population in the other 50% half of tax payers I won't even notice the difference - about as much as the lowest incomes will notice McCain's $20 tax rebate.

And talking about helping the economy: Tax reliefes given to guys like me will increase the already healthy amount tucked away in some kind of savings and retirement accounts. The lower 60% income bracket will most probably spend the saved tax money on real things from groceries to cars. Yes, increased real income without costing corporate america a single cent (unless they increase the poor CEO's pay through so-called tax gross-ups).

[Breeze54]

28. So, you approve?

"The lower 60% income bracket will most probably spend the saved tax money on real things
from groceries to cars. Yes, increased real income without costing corporate America a single cent"...

And the lower 60% spending that money will boost the economy!

I'm guessing you approve. That's good! It's a WIN-WIN for all!

BTW?

WELCOME TO DU!