Saturday, August 23, 2008
Truth About Taxes
I'm sick of candidates throwing out the term tax cut as if they expect the average middle class person to assume it means there is something in it for them. I hope that just once a so-called "journalist" will actual make John McCain articulate what he means by tax cuts. I'm tired of softball questions and journalists who allow candidates to spew their rhetoric without criticism. I hope that one of the national debates about taxes will include a description of our marginal tax brackets. I don't think many Americans really understand how our income tax system works. I also hope they will force the candidates to describe what we mean by "the Bush Tax cuts". This is another mystery for most voters. Republicans have been very clever about talking tax cuts and avoiding a discussion of exactly who benefits, how much they benefit, and how they intend to make up the differences.
Here is an outline of the proposed tax cuts by both candidates...
HT: Bob Cornwall
2 comments:
Mike,
Thanks for posting this. Being a business person, seeing things laid out like this is very helpful for me.
As I watched the civil discussion that Rick Warren lead the other night, I really tried to go into it with no pre-conceived notions. I really want to hear both guys out. But, it wasn't long after listening to McCain that I began to feel like I was at a junior high student council election.. Vote for me and I'll get you open campus lunch.. I guess the thing that concerns me the most was McCain saying that he wanted to give everyone a $7000 tax credit. First, don't blow smoke up my butt by telling me you're going to do something you can't do. Second, if God forbid that did happen, has no one questioned how we're going to pay for this tax credit? I mean I guess that would be great and wonderful if we had this huge surplus of money sitting somewhere but has no one noticed that we're fighting a 10 Billion Dollar a month war (those numbers may have even changed since the last time I heard them)? We've got to understand that we're basically putting that money on a giant virtual credit card owned by China.. It scares me to think what America would look like for my grandchildren if this plan became a reality.
Btw,
This is Adam's wife. I've heard a lot about you. I look forward to meeting you.
Hi Dana,
Thanks for stopping by. Welcome!
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