Taxes and the truth…
McCain claims in an ad released today that “Obama voted to raise taxes on people making just $42,000. He promises more taxes on small business, seniors, your life savings, your family.”
But when it comes to promises, it’s worth pointing out that, according to the non-partisan Tax Policy Center’s analysis of both candidates’ proposed plans, Obama would cut taxes for those making in the range of $38,000 to $66,000 three to almost eight times more than McCain would.
Under Obama’s plan, according to the center, by 2009, those making $37,595 would see an average increase in their income of 3.6%, or a tax cut of $892; those making an average of $66,354 would see an increase in their income of 2.4%, or a tax cut of $1,042.
On the other hand, Under McCain’s plan, those making $37,595 would see an increase in their income of only about 0.5%, or $113 tax cut; those making $66,354 would see only an increase of 0.7% in their income, or a tax break of $319.
DBB 1 – Sheep 0
Yet HERE we have a shitty false, 100% dishonest add by McCain. Straight Talker
[youtube]http://www.youtube.com/watch?v=FWXqpHEsrxc&eurl=http://andrewsullivan.theatlantic.com/[/youtube]
ANOTHER POST WITH NO COMMENTS….
FUCK YOU BITCHES…FACTS ARE FACTS
You are not to be trifled with. Take it as a compliment.
At this point, McCain must be called a liar. His honor has been washed away. He is horrible dishonest human being and the world would be a better place once he departs it.
LIAR!
LIAR LIAR PANTS ON FIRE
still no comments from McCain lovers.
“At this point, McCain must be called a liar. His honor has been washed away. He is horrible dishonest human being and the world would be a better place once he departs it.”
And Obama hasn’t been blatantly lying throughout this campaign?
jason/DBB
Not taking this on as a McCain supporter because I’m not, but everybody should actually go read the analysis in full that DBB cited. It does not give either plan a pass, even though in the end it surely favors the Obama plan.
However, this is the most telling condemnation for Obama, who has planned billions of dollars of new investment in social, energy, and military spending (to quote the report DBB cited)
Under either Senator Obama’s or Senator McCain’s plan, however, the debt would likely continue to rise as it has over the past eight years, even under the CBO’s relatively optimistic assumptions about spending. Senator Obama’s plan would add $3.3 trillion to the national debt (including additional interest costs) while Senator McCain’s plan would add $4.3 trillion. This does not include the cost of expanding health insurance coverage and assumes that Senator McCain’s proposals phase in and phase out on schedule. It also assumes that all of the candidates’ optimistic revenue offsets materialize. If any of these assumptions turned out to be unwarranted, the national debt would grow even more.
And yes, while McCain gets the numbers wrong as you said, the report does in fact document that Obama’s plan will place the highest-across-the-board percentage raise on married couples; will increase taxes on savings/investment (both in capital gains and interest income). The report also accuses the Obama plan of essentially pandering to baby boomer retirees by giving them preferential tax treatment.
Possibly the most damning thing the report said about both plans is that the analysts had to make all sorts of assumptions because neither of the plans actually exists as anything more than campaign statements, that both make claims based on Reagan-like rosy presumptions of growth, and that (again) while Obama’s plan is definitely more progressive, BOTH plans will reduce revenues significantly over the next 8-10 years.
So how come either of these bozos is getting a pass here?
Somebody tell me how Obama plans to invest billions and billions into all his activities, when this tax analysis says ending corporate welfare won’t really bring in squat for revenue compared to the losses, and the supposed billions saved by getting out of Iraq will be at least partially offset by Obama’s promise to increase the defense budget even though we’ll no longer be fighting two wars?
I’m not in this for Obama trashing. I think (in the terms that kavips spelled out so clearly a couple of days ago) that in taxation terms we have two clear losers running for president, both of whom want to increase expenditures while cutting revenue.
And whose third term does that sound like?
I just can’t understand why folks are against universal health care. Every country that has it lives longer than us. So a increase in my tax wouldn’t bother me if it meant a few more years with my loved ones.
my point was more the dishonesty of McCain and those baffoons that said he was raising taxes.
the after effects, well different story….sort of
my point is that they’re both manipulating reality–McCain by outright lying, Obama by simply avoiding the truth…
They both suck on taxes
but Obama isn’t raising them on the middle class…
They both suck on taxes
So did Bill Clinton in 1992…. until his plan worked.
Steve – Obama is a tax & spend liberal, McCain a tax & spend conservative. The days of fiscal conservatism seem to be gone.
but Obama isn’t raising them on the middle class…
No, he isn’t. But he’ll have to do so eventually, as the analysis suggests that over the next ten years his tax plan–allowing his campaign’s most optimistic assumptions about economic growth and NOT considering any of the promises he’s made on health care–with cause a 3.3 Trillion reduction in revenues.
Maybe his heart’s in the right place, with respect to a more progressive tax system, but it doesn’t exactly seem like he can add, now does it?
But, hey, that’s just the analysis from the people you cited as non-partisan and told me to check out….
And lord knows how much his universal healthcare could cost. If what universal healthcare did in Mass. is any indication we should be scared of Obama’s “change” And hell, Mass is just state level, create a Federal bureaucracy based around it and……well you know what Federal bureaucracy is like.
Obama=Carter
Big teeth, well meaning rubes…..hopelessly out of their league on real economic issues.
Obama=Carter
OK fine, but you’re ignoring the fact that McCain’s plan, subject to the same analysis as Obama’s actually leads to a 4.3 TRILLION reduction in revenue….
If you seriously study the numbers you can’t make a case for either one of them at this point, so don’t go there with the talking points until you’ve done your homework, please.
How do you know a politican is full of shit?
He uses the words “windfall tax”
Wherever some dumbass legislation draws the line, you can be sure all companies will just fall short……somehow.
When he lobs “windfall” at you all, he might just as well be asking “can I bang your sister?”
Big surprise: politicians pander.
Bigger surprise: Obama is a politician (who panders).
Biggest surprise (for Polenta, apparently): McCain is also a politician (with 35 years of experience in pandering).
Get real. If you’re going to show up, use talking points, and not back them up, why play?
Obama and McCain are different in terms of taxes only with respect to the fact that they are pandering to different groups in the electorate.
Geez, I’m ready for someone to finally pander to ME!
Pandora,
Unfortunately, I make too much money for Obama to want to pander to me, and not enough for McCain. Near as I can tell, I’m screwed under both plans.
Ergo (I guess) my deep bitterness.
How do I know who to vote for if nobody will offer me anything good as a bribe?
Shhh… I’m in the same boat. I don’t mind paying taxes, Steve. I just want something for them – besides bombs.
Steve – what bothers me isn’t that Obama panders (they all do) it’s the manner in which he does so. It’s his messianic demeanor, his arrogance & egoism and the disgusting moral superiority with which he flaunts himself and on which he’s based his campaign.
“change” and “a new kind of politician” Telling folks during his speech in Wilmington how they’re finally going to have someone “who’s honest with the American people.” His whole holier than thou act is what really irks me.
if Obama wins you will remember fondly the days when gas was ONLY $4/gal.