View Single Post
Old 09-04-2008, 01:43 PM   #3
catman
Humble MLB Moderator
 
catman's Avatar
 
Join Date: Feb 2001
Location: Central Iowa
Posts: 9,325
catman will become famous soon enough
Default

Raising taxes on small businesses will stiffle the growth and stop job creation. Obama is against creating more jobs. Is that what you are saying here, Fresh? If so, why in the world would anyone be interested in voting for that man?
Here is your quote:
"THE FACTS: The Tax Policy Center, a think tank run jointly by the Brookings Institution and the Urban Institute, concluded that Obama's plan would increase after-tax income for middle-income taxpayers by about 5 percent by 2012, or nearly $2,200 annually. McCain's plan, which cuts taxes across all income levels, would raise after tax-income for middle-income taxpayers by 3 percent, the center concluded.

Obama would provide $80 billion in tax breaks, mainly for poor workers and the elderly, including tripling the Earned Income Tax Credit for minimum-wage workers and higher credits for larger families.

He also would raise income taxes, capital gains and dividend taxes on the wealthiest. He would raise payroll taxes on taxpayers with incomes above $250,000, and he would raise corporate taxes. Small businesses that make more than $250,000 a year would see taxes rise."
__________________
"Life is what happens to you while you're busy making other plans...." John Lennon

Catman
Rest in Peace, Buck. You were truly a giant among men.
catman is offline   Reply With Quote