Obama - Watch how this IDIOT wants to raise your taxes.

[Raider]

And cripple the economy in the process.

In Obama's own words;

Barack Obama on Taxes
http://www.youtube.com/watch?v=po7J0f5TMrQ

Obama Double Talk on Taxes
http://www.youtube.com/watch?v=NCMie...eature=related


Wall Street Journal discussion;

Obamanomics: A Recipe for Disaster!
http://www.youtube.com/watch?v=_TN0b0WR0d0


A tax-payer voting for Obama is like a Chicken voting for Colonel Sanders.

[Donald Aquilano]

This is just one of the many reasons I would never vote for Obama. He'll go the way of George McGovern.

[DomainsInc]

Obama will only raise your taxes if you make over 600k/ year. Look at his website. Since the average american only makes somewhere in the range of 22-30k per year, Obama would be helping most.

[biggedon]

i really think if you guys want to have rational conversations here on the forum, then it would be best to at least start with a factual premise for your arguments.

rather than just creating threads to flame passions of members.

i could enjoy a good debate.

[mulligan]

And cripple the economy in the process.

Quite hard to cripple an already crippled economy.

[7721]

Greenspan: No McCain tax cuts without reduction
http://news.yahoo.com/s/ap/20080913/ap_on_el_pr/mccain

[Raider]

i really think if you guys want to have rational conversations here on the forum, then it would be best to at least start with a factual premise for your arguments.

It IS factual. In the videos I posted, Obama claims he wont raise taxes on the middle class, But if you look at his capital gains and payroll tax proposals, he WOULD do that just that.

RAISE taxes on the middle class and REDUCE Government revenue.

Obama will only raise your taxes if you make over 600k/ year. Look at his website. Since the average american only makes somewhere in the range of 22-30k per year, Obama would be helping most.

If you cant understand what Obama is saying in that debate, maybe you can understand it in print;

http://www.ohiogop.org/node/2276/pdf

[Acro]

McCain's range - the $5million+ will benefit the most from McCainomics. Obama's taxation actually lowers the taxes for the so-called middle class - up to a $250k income.

See the Obama tax calculator.

[mulligan]

Quite hard to cripple an already crippled economy.

Just to reiterate ...

[stock_post]

I am middle class - I like to pay my taxes at the same time my priority is to keep the job.

I don't care if they lower my tax or not - that only matter if I can keep my job.

I am not making money on my domains - do make some money on my sites..
That feeds my expenses (basically pays for my dumb rigs or costly purchases
*Find*law*firm*com
*medical*trash*com)

So bottom line is to keep the job

so, I can make a living

[Raider]

McCain's range - the $5million+ will benefit the most from McCainomics. Obama's taxation actually lowers the taxes for the so-called middle class - up to a $250k income.

See the Obama tax calculator.

Anybody can make a calculator, Estibot made one too and we all know how accurate that one is.. It does not take into count capital gains, payroll tax and who knows what else, ask the programmer.


OBAMA’S TAXING TRICK

At Last Night’s Debate, Obama Said He Wouldn’t Tax The Middle Class –
But His Cap Gains And Payroll Tax Hikes Would Hit Middle Income Earners
__________________________________________________ ____________________________
OBAMA BREAKS PLEDGE NOT TO TAX MIDDLE INCOME AMERICANS

Last Night, Obama Pledged He Wouldn’t Raise Taxes On Middle Income Americans:

When Asked By ABC’s George Stephanopoulos If He Would Pledge Not To Raise Taxes On The Middle Class, Obama Agreed. ABC’s George Stephanopoulos: “Would you take the same pledge [that there will be no tax increases of any kind, for anyone earning under $200,000 a year]?” Obama: “Well, I not only have pledged not to raise their taxes, I’ve been the first candidate in this race to specifically say I would cut their taxes.” (ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

ABC’s Charles Gibson: “Senator Obama, you both have now just taken this pledge on people under $250,000 -- and 200- and-what? $250,000?” Obama: “Well, it depends on how you calculate it, but it would be between $200,000 and $250,000.”

(ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)
But Only Minutes Later, Obama Said He Would Raise The Capital Gains Tax And Failed To Provide An Exemption For Middle-Income Americans:

ABC’s Charles Gibson: “You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you
said on CNBC, and I quote, I certainly would not go above what existed under Bill Clinton, which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent. … So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?” (Charles Gibson, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

Obama: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.” (Sen. Barack Obama, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

Americans Of Every Background Benefit From Lower Capital Gains Tax Rates:

The Wall Street Journal Noted That 52 Percent Of American Adults Own Stock In Some Form. “But it’s not only the wealthy who will take a hit from higher capital gains taxes. Recent surveys indicate that roughly 52% of American adults own stock in some form, and last year 8.5 million of these investors paid a capital gains tax.” (Editorial, “A Capital Gains Primer,” The Wall Street Journal, 10/15/07)

The Joint Committee On Taxation Reported Figures Demonstrating That Americans Earning Less Than $50,000 Benefitted From Lower Capital Gains And Dividends Tax Rates. “Figures from the Joint Committee on Taxation (JCT) help support the idea that more middle class Americans benefit from this tax break. In 2005, about 20 percent of the taxpayers who were expected to report capital gains income -- and 24 percent of those expected to report dividend income -- earned less than $50,000 annually, the JCT data showed.” (Joseph J. Schatz, “Tax Break Tries On ‘Middle Class’ Label,” Congressional Quarterly Weekly, 2/17/06)

In 2005, The Average Capital Gains And Dividend Income Reported Per Tax Return In The U.S. Was $5,840. On Average, It Accounted For 10.73 Percent Of Adjusted Gross Income. (“Dividends And Capital Gains Income Compared To Other Income, 2005,” The Tax Foundation, taxfoundation.org, 7/16/07)

Obama Also Said He Would Raise The Payroll Tax – And Would “Look At” Exempting Those Making Slightly Above $97,000, But Made No Promises:

Obama: “What I have proposed is that we raise the cap on the payroll tax because millionaires and billionaires don’t have to pay beyond $97,000 a year. That is where it is capped. Now, most firefighters, most teachers, you know, they’re not making over $100,000 a year. In fact, only 6 percent of the population does. And I’ve also said that I’d be willing to look at exempting
people who are making slightly above that.” (Sen. Barack Obama, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

ABC’s Charles Gibson: “There’s A Heck Of A Lot Of People Between $97,000 And $200,000 And $250,000. If You Raise The Payroll Taxes That’s Going To Raise Taxes On Them.” (Charles Gibson, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

Sen. Clinton Said Obama’s Payroll Tax Hike Would Impose Taxes On Educators, Police Officers And Firefighters. Sen. Clinton: “I’m certainly against one of Senator Obama’s ideas, which is to lift the cap on the payroll tax, because that would impose additional taxes on people who are educators here in the Philadelphia area, or in the suburbs, police officers,
firefighters and the like.” (Sen. Hillary Clinton, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

OBAMA UNINFORMED ON TAX POLICY - WOULD RAISE A TAX THAT HISTORICALLY HAS DECREASED REVENUE

Obama Would Increase Americans’ Tax Burden Even Though He Isn’t Even Sure It Would Generate Revenue:

ABC’s Charles Gibson Explained That When The Capital Gains Tax Rate Was Increased In The Past, Revenues Decreased. Gibson: “But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent. … And George Bush has taken it down to 15 percent. … And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. … But history shows that when you drop the capital gains tax, the revenues go up.” (Charles Gibson, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

Obama Said Under His Higher Capital Gains Tax Rate, Revenues Might Go Up, Or They Might Not. Obama: “Well, that might happen, or it might not. It depends on what’s happening on Wall Street and how business is going.” (Sen. Barack Obama, ABC Democrat Candidates Presidential Debate, Philadelphia, PA, 4/16/08)

Obama Has Over-Promised The Supposed Revenue From Higher Capital Gains Taxes As Funding For Numerous Proposals; Who Pays If The Revenue Doesn’t Materialize?

Obama Double-Promised His Capital Gains Tax Hike As A Funding Mechanism For Two Different Multi-Billion Dollar Proposals. “[M]r Obama appears to have counted the proceeds of a higher tax on capital gains both for his healthcare plan and for an 85bn middle-class tax relief plan that he announced [in September 2007].” (Edward Luce, “The Grab For A Job Democrats Turn Protectionist On Trade And Labour,” Financial Times, 10/9/07)

While Discussing Economic Policy On CNBC’s “Closing Bell,” Obama Listed Several More Items That Could Be Funded With His Capital Gains Tax Hike. Obama: “I think that we can have a capital gains rate that is higher than 15 percent. If it--and if it, you know--when I talk to people like Warren Buffet or others and I ask them, you know, what’s--how much of a difference is it going to be if it’s 20 or 25 percent, they say, look, if it’s within that range then it’s not going to distort, I think, economic decision making. On the other hand, what it will also do is first of all help out the federal treasury, which is running a credit card up with the bank of China and other countries. What it will also do, I think, is allow us to make investments in basic scientific research, in infrastructure, in broadband lines, in green energy and will allow us to give us--give some relief to middle class and working class families who have been driving this economy as consumers but have been doing it through
credit cards and home equity loans.” (CNBC’s “Closing Bell,” 3/27/08)

Quite hard to cripple an already crippled economy.

If you think our economy is crippled, you dont understand the meaning of the word.... Our economy is struggling, it's NOT disabled or crippled.

[Acro]

Again, in large print in case you missed it:

http://obamataxcut.com

[Keyword Factory]

The president has no legal authority to raise or lower taxes, that sits with the legislature:

Section 7. All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.

http://www.law.cornell.edu/constitut....html#section7

[JuniperPark]

The REAL story and facts are this:

Thanks to the absurd level if spending and borrowing, the US goverment is beyond bankruptcy. Each American family owes the federal goverment somewhere between $100,000 and $200,000. If we allow illegal aliens amnesty, DOUBLE those numbers. If we keep the Iraq war going, DOUBLE those numbers. If the feds bail out Freddy/Fanniw Mac, DOUBLE those numbers. If the interest rates continue to rise, DOUBLE those numbers after 5 years.

In a VERY VERY short time, no matter how you slice it, the Fed govt will be so deep in debt that we will never recover, even of the tax rate goes to 100%!

Do you now understand the gravity of the debt load, and how absurd it is to talk about tax cuts, tax rebates, or funding multi-trillion dollar expenses like: more wars, funding 20 million illegal aliens, our the homeowner "bailout"?

Neither candidate has a plan that's good for the country. Not even close.

[H2FC]

i really think if you guys want to have rational conversations here on the forum, then it would be best to at least start with a factual premise for your arguments.

rather than just creating threads to flame passions of members.

i could enjoy a good debate.

I agree 100% so let me offer some factual information to prove the first post in this thread wrong. The poster uses what is commonly known as 'Obamanomics'. Anytime you see a message referred to as this you should be aware it's most often a group of selected quotes and clips taking out of context and doctored with anti Obama innuendos and many times outright lies. I've noticed this is a very popular way the GOP backers try to change the truth to support their cause and gain support. I don't know if its a personal fault or virtue but I, for one, don't believe everything I read.....I suspect most of you are the same way.

It is a fact Obama proposes to lower taxes on those earning less than $250,000 per year and raise them for those making over that amount. This is his pledge and it can be found on his website as well as many other places on the web. The more income you have the more you will pay in taxes but its an insignificant amount until you reach the higher levels of income. Check it out for yourself....don't be misled.

I agree our Nation is in debt up to its neck because of the last 8 years of GOP misleadership but the Obama income tax plan is by far the best plan for the average citizen and for our economy as well. We must balance the budget and that can be best done using the Obama tax plan.

[whitebark]

The REAL story and facts are this:

Thanks to the absurd level if spending and borrowing, the US goverment is beyond bankruptcy. Each American family owes the federal goverment somewhere between $100,000 and $200,000. If we allow illegal aliens amnesty, DOUBLE those numbers. If we keep the Iraq war going, DOUBLE those numbers. If the feds bail out Freddy/Fanniw Mac, DOUBLE those numbers. If the interest rates continue to rise, DOUBLE those numbers after 5 years.

In a VERY VERY short time, no matter how you slice it, the Fed govt will be so deep in debt that we will never recover, even of the tax rate goes to 100%!

Do you now understand the gravity of the debt load, and how absurd it is to talk about tax cuts, tax rebates, or funding multi-trillion dollar expenses like: more wars, funding 20 million illegal aliens, our the homeowner "bailout"?

Neither candidate has a plan that's good for the country. Not even close.

EXACTLY!

The American economy hasn't been this bad since the depression era. And still some will vote for those directly responsible while trashing all others!!

Only in America!

Rightwing Americans - read the Rise and Fall of the Great Powers to see EXACTLY where you are headed.
http://en.wikipedia.org/wiki/The_Ris...e_Great_Powers

He predicts that continued deficit spending, especially on military build-up, will be the single most important reason for decline of any Great Power.

It's brought down nearly every empire of the past, and the American age is shaping up to be no different - other than it's happening in fast-forward. Elect McCain/Bush and say goodbye to the US economy and the US middle class.

[Tia Wood]

So? Is that the only thing you can come up with.

And cripple the economy in the process.

In Obama's own words;

Barack Obama on Taxes
http://www.youtube.com/watch?v=po7J0f5TMrQ

Obama Double Talk on Taxes
http://www.youtube.com/watch?v=NCMie...eature=related


Wall Street Journal discussion;

Obamanomics: A Recipe for Disaster!
http://www.youtube.com/watch?v=_TN0b0WR0d0


A tax-payer voting for Obama is like a Chicken voting for Colonel Sanders.

[thevirtual]

And cripple the economy in the process.

In Obama's own words;

Barack Obama on Taxes
http://www.youtube.com/watch?v=po7J0f5TMrQ

Obama Double Talk on Taxes
http://www.youtube.com/watch?v=NCMie...eature=related


Wall Street Journal discussion;

Obamanomics: A Recipe for Disaster!
http://www.youtube.com/watch?v=_TN0b0WR0d0


A tax-payer voting for Obama is like a Chicken voting for Colonel Sanders.

Name calling will get you nowhere.

[Acro]

I want to see Obama and Palin on Celebrity deathmatch

[stock_post]

I would have voted for any other person but NO Bama
(I do not want Bin Laden give a speach about how he won american election)