McCain, Obama present different views on taxes
Tue Jun 10, 2008 5:44pm EDT
By Jeff Mason
WASHINGTON (Reuters) - Republican John McCain and Democrat Barack Obama staked out starkly opposing stances on taxes on Tuesday, with McCain promising corporate tax breaks and Obama pledging tax increases for many.
McCain in a speech in Washington accused Obama of seeking the single largest tax increase since World War Two while Obama, in a television interview, said he would increase taxes on the wealthy and on stock profits to pay for a middle-class tax cut of $1,000 a year.
"No matter which of us wins in November, there will be change in Washington. The question is what kind of change?" McCain told a conference for small businesses.
Obama told CNBC that he would raise taxes on Americans making $250,000 a year or more and raise the capital gains tax for those in higher income brackets while exempting small investors. He said the U.S. economy has been "out of balance for too long."
"The general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven't benefited as much from this new global economy, I think, is a sound one," Obama said.
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Or, if you prefer the infotaining version...
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What I find really interesting, however, is that both plans will effect an increase in the national debt. Every time I turn on the television, I'm barraged by the McCain vs. Obama headlines, which typically sound something like: "Barack Obama promised a %15 hope increase by January 2009...in other news, John McCain is still alive." The theme of this year's election is "change". Both candidates claim to be Washington outsiders who will shake up U.S. Bureaucracy; the only real difference in this regard is that Obama accuses McCain of being Bush III, while McCain spends his valuable breath calling Obama an idiot.
Still, I (for one) would like to see change in any area that isn't "campaign mantra." Just for shits and giggles, let's hear a candidate who says something truly different - that is, any complete set of policies which cannot be summarized as a "promise to do everything AND lower taxes."
I wish that candidates would grow some, err, "courage"; and I wish that citizens would study history.
Thursday, June 12, 2008
THe Kitchen Sink Too? YES WE CAN!!
Labels:
Barack Obama,
Hope,
John McCain,
McCain,
National Debt,
Obama,
Taxes
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