Tax Expert: McCain’s Tax Cuts Are Aimed At The Rich ‘Even More So Than Bush’s Were’ »
Posted By bluetexasvalley 10 months, 1 week ago in News
In 2001 and 2003, Sen. John McCain (R-AZ) opposed President Bush' s tax cuts, arguing that he couldn' t "in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us." But since then, McCain has ditched his concern about policies tilted towards the wealthy and now wants to double Bush' s tax cuts .
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bluetexasvalley
I am a 60-plus widow, retired after almost 40 years in the newspaper business. My love of politics was learned, first, from my father, a ...
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bluetexasvalley10 months, 1 week ago
FTA:
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In their more candid moments, McCain’s supporters admit that he is doubling down on Bush’s tax policies. In May, House Minority Whip Roy Blunt (R-MO) said that McCain’s “tax policies” would “be in effect a third Bush term.” Sen. Lindsey Graham (R-SC) told ABC News in June that McCain’s policies would “absolutely” be an “extension” and “enhancement” of Bush’s.-
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Goppy10 months, 1 week ago
I was listening to a news report about some study that sliced and diced the two candidates tax plans.
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In Obama's plan, 80% of the nation would pay LESS on taxes.
In McCain's plan, 20% would pay less taxes ... the Super Wealthy.
McCain is sticking by this, even though it's simply More of the Same Trickle Down Economic Ideologic Theory that has been debunked EVEN BY THOSE WITHIN THE REPUBLICAN PARTY! ! ! (Namely Bush Number One.)
The astonishing thing is .... MILLIONS of Americans will fall for this. The Middle Class .... holding on to the American Dream of living in a comfortable home and sending their kids to college are DESPERATE for relief.
They look at McCain and they think ... "Well, Johnny Shapeshifter says Obama is going to cost us money ... and Johnny Shapeshifter says that POSSIBLY .... if we pray and always vote Republican .... they promise that a little bit of fairness MIGHT POSSIBLY Trickle Down our way so we can send our kids to college .... as long as none of us gets sick."
It's so pathetic. ... It's so sad. ... Nothing has EVER Trickled Down. ... It has NEVER HAPPENED ... and it NEVER WILL happen!
When, oh when are Americans going to understand that the Super Rich have their hands in Washington DC's pockets ... they help write the ding dang finance laws ... ! ! !
Look, McCain is simply building upon all the talking points of George W. Bush to get elected. It worked for GW .... Johnny Shapeshifter wants it to work for him.
On the other hand, Obama is building upon a lifetime of helping Middle Class Americans in the city of Chicago and in the State of Illinois .... and once a Senator .... all of us ... and our children fighting in Iraq.
But be prepared ... my fellow Christian Conservatives will say 'all Obama wants is Transfer of Wealth'.
Well ... the obvious answer is THERE ALREADY IS A TRANSFER OF WEALTH GOING ON!
The Bush Administration has been transferring wealth FROM the Middle Class TO the Super Rich for 8 years!
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Question:
What do Republicans / Neo-Cons stand for?
Answer:
Welfare for the Wealthy and Subsidies for Corporations.
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Endoscopy10 months, 1 week ago
ROTFLMAO
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Obama's plan 80% of the nation would pay less taxes. What a crock. Who is goint to pay for all of those programs that he intends to pass. Either the deficit will go out of site or they will try to tax the top 80% at 100% and watch the tax revenues dry up. This is a very liberal rag and a bunch of liberals are talking about how great it is.
What a group.
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davidhallstromComment removed: User banned.14 Replies
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crespi10 months, 1 week ago
A guy who has seven houses when many Americans are losing their homes should know better.
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He doesn't. -
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bluetexasvalley10 months, 1 week ago
Thanks, miklkit. I thought it important that everyone see this. :)
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Endoscopy10 months, 1 week ago
You will never get more out of the rich by raising their taxes. Why can't you understand that. Do you think they are stupid? They have tax/investment lawyers who will make sure that over a certain amount will be put in tax havens. The lower the tax rate the more comes out and works more for them and that then increases the tax revenue. The higher the tax rate the more they put in protected havens and the less is out working for them. That causes less tax revenue.
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OK lets tax those horrible business that are just in business to make that filthy money. Raise their taxes and they have increased the costs. That is what a tax is to a business. Then they have to increase the costs to their customers. They pay the taxes not the business. Is that hard to understand.
But what is the liberal mantra. increase the taxes on the rich and businesses since they can afford it. Then tax revenues go down from the rich and costs go up to customers of the businesses. That causes inflation. Is this the result you are aiming for?
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Ratskii10 months, 1 week ago
/mt_rushmore_and_a_histor...htm">http://www.liebertpub.com/pgtoday/pgt/articles/mt_rushmore_and_a_histor...htm
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Here are some thoughts on the estate tax by Thomas Paine, Andrew Carnegie and Teddy Roosevelt.
And please note that sales tax represents double taxation too. -
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fsev4110 months, 1 week ago
I would like to know how many NEW jobs were created by the McCains wealth or Exxon-Mobil last year. I've always been told that it's the small business and entrepreneur start-ups are the new job builders. Now they're saying big business and wealthy folks create jobs. Who're you to believe?
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beavith110 months, 1 week ago
uninformed twits. the top 10% of earners already pay 70% of all income taxes.
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fairness? what'd be fairer? when those top 10% earners pay 100% of all income taxes?
O's plan is nothing more than a Robin Hood plan. and in the process he tags small business owners, too.
reducing, even eliminating, capital gains taxes is good for everyone, yet O 'asks' the 'wealthy' americans to pay just 5% more. you DO realize that many people's retirement is based on capital gains income, right?
O's literally running down the people that he' says he's protecting. yet, all most of you can do is whine about how much the corporate fat cats and plutocrats (i like that one :) ) make. i;ve got an idea... get a freaking job. improve yourself. show some backbone and demonstrate some ambition. step one. quit with the jealousy BS.
can i get an amen?-
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Goppy10 months, 1 week ago
LOL!!!
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I notice that you can't seem to post a comment without some sort of insult.
That is nearly ALWAYS the sign of someone under the thumb of Rush Limbaugh, or Melanie Morgan, or Bill O'Really, or the HUNDREDS of similar Talking Head Info-Tainers!
LOL!!!
We all appreciate your deference to the 'poor .... overtaxed .... wealthy' .... I'm actually laughing out loud at your comment, btw.
Let me ask you a question ... if the Rich are being taxed so unfairly ... how is it then that the chasm between them and the middle class is WIDENING for the last 8 years?
My poor, uninformed, jingo slinging friend .... even Warren Buffett is embarrassed that he pays a LOWER tax rate than EVERY ONE OF HIS EMPLOYEES!!
LOL!!!
By the way ... I really don't expect an answer from you any time soon .... I'm sure you'll need to run to your well worn copy of 'The Rush Limbaugh Notes on Debate" to defend the Extremist Christian Conservative Moral Vacancy that you are dittoing. -
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flyonthewallzz10 months, 1 week ago
Corporate taxes cost the consumer about 1 penny on the dollar (less for big ticket items).
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Your numbers do not include Social insurance payments
More than ¾’s of the folks in this country pay more into SS than they do into personal income tax.
If the first $15 grand of earnings where not withheld from our paychecks, a person making $8 bucks an hour would have an extra $2,400 in their pocket.
If corporate tax stayed the way it is: the person would lose $24 buck of purchasing power when they spend that extra money.
The person’s employer would also save about $24 bucks a week per employee.
In 2003 Social insurance contributions represented 40% of government receipts.
There are a lot of hardworking folks just trying to get by.
Do you really think this is fair?
If you totally doubt my numbers, I think I can find links to the spreadsheets, They all come from the IRS or the White House.
I get that nasty spam message when I post links lately: 04co16ccr, 05in21id.
And from the White House: Receipts.
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Endoscopy10 months, 1 week ago
The latest economic news for the last quarter is out. The economy is up despite the gloom and doom liberals, the increased gas prices and the housing bust caused by our friendly neighborhood liberals
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But that seems to be bad news to the Democrats because they are still saying how bad things are.
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