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Old 10-17-2008, 10:43 AM
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Quote:
Originally Posted by 427 S/O View Post
TPC is a liberal think tank...........nuff' said.
Some more input from the same center.....

Obama and McCain Tax Proposals
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.



Now, why increase tax on anyone at this time? And, why go for wealth redistribution at this time?
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Old 10-17-2008, 11:19 AM
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CdC,
The wealthy do not need a tax cut at this time (though it would be nice). The middle class do. And. no - I'm not in favour of raising taxes, but if McCains plan had the larger increases at he bottom and middle of the scale, and nothing or next to nothing at the top there is a chance I might actually vote for him.

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Old 10-17-2008, 11:31 AM
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When Reagan was President, it was called ...

trickle down economics.

If Obama get elected, it will be ...

trickle up poverty.
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