Obama is better for your 1040 than McCain

Email Print posted by jarett 06/12/2008 03:10:22 AM EST

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DailyKos has some very interesting numbers on how your taxes will change in an Obama administration if you make between $0 and $220K a year.

http://www.dailykos.com/sto ryonly/2008/6/11/141710/932 /876/534084

Well, I know I'D sure be better off with an Obama presidency.  How about you?

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Obama is better for your 1040 than McCain | 14 comments (14 topical, 0 hidden)
On CNN (none / 1)

They did a line for line comparison of the Obama vrs McCain tax plan if you are one of "bottom" 95% of wage earners...you pay significantly LESS taxes under an Obama plan, contrary to the spin lies from the right. McCains plan is skewed to the upper income groups, as expected and has huge giveaways to corporations.

The Bushie economists have infiltrated McCain land, he is  whining the old neocon , radical Republican spin and hand wringing refrain: " the we have the highest taxes on corporation in the industrial world"..which is a bit disingenuous since no companies pay the base rate after deductions, credits and write offs.

What McCain wants to do is lower the base rate without revisiting the laws on deductions, credits and write offs, in effect, a policy that would remove most if not all of the tax contribution from companies. Hence McCains 1.8 trillion dollar increase in the budget deficit in his FIRST year.

Good thinking John. 

by MRFred on 06/12/2008 09:13:32 AM EST

I love you for posting this (none / 0)
I'm dead serious, if this fact gets out it would be THE most devastating thing that could happen to McCain.

I'm sending that chart with the headline (i.e. over 85% of Americans will pay less taxes under Obama than McCain) to just about everyone I know and I suggest you and everyone else do the same.

Health care? Iraq? Abortion? Nah, who cares, we all know there are SO many people that vote ONLY based on taxes. And that is why this is so brilliant.

by ihavenobias on 06/12/2008 10:56:46 AM EST

Sunset them bitches (none / 0)
Jarett has the right idea, the best way to attack McCain is to attach him (in the public imagination) to Bush (and thereby his failed policies) and McCain has stated on the record the only thing he has in common with Bush is taxes (personally I think he has a lot more in common with him, um, did someone say warmongering). Well, so be it, then keep hammering away at taxes until they're forced to have another photo-op together.
McCain knows Bush is poison, and so he is trying to distance himself as much as possible. He appeased his (or I should say the trad rep machine) base a while back by appearing on the lawn for a meet and greet with requisite snapshots, but obviously doesn't want to be anywhere near him. Nice timing with Bush's trip to Europe, get him the fuck outa here.

Bush appears to be tactful enough (which is actually really surprising) to try and keep himself out of it as much as possible, but if the press keeps hammering him about his taxcuts and McCain, then he'll be forced to inject himself again, and McCain will be forced to accept his help.

Seriously if you want McCain in office keep talking about global warming and alt.energy, really not doing anything to help Barack's cause. When he's in office he can, you know do a flip-mo on the republican run to the center govern to the right and put Gore or whomever in charge of the EPA and get down with his badself, but, um, duh, if he doesn't get elected he can't do any of that. And in order to get elected sometimes you have to say things you don't mean, and other times you have to keep quiet about things that are really important, so as not to piss off, oh I don't know, say coal miners in West Virginia and Pennsylvania.

Tax cuts, tax cuts tax cuts. Bush is McCain, McCain is Bush. Four more years of failed policies. Hell, even McCain voted against the Bush taxcuts, he knows they're wrong. Just another instance of republican flip flopping to appease corporate lobbyists.

by tiggerporn on 06/12/2008 11:29:44 AM EST

porn is right (none / 0)
if you learned nothing else from Mr. Rove, take your opponent's perceived strength and hammer him on it. Taxes would be the thing. Good post Jarret.

"If you're not worried, you're not paying attention." --Cenk Uygur

by hazmat on 06/12/2008 11:42:34 AM EST

I didn't actully read your post (none / 0)
But I read the title and yes, I agree, porn is right.  Always!

by ProfRich on 06/12/2008 12:27:31 PM EST

[ Parent ]
Hmm, thanks? (none / 0)
Geez Haz, I know your pissed about the God Damn America post but you really know how to hurt a guy's feelings, talk about hiting below the belt, what a backhanded compliment. A backhanded compliment below the belt to mix metaphors. Comparing me to the Rovian. ugghhhh, what a bad taste in my mouth. Ewwww. Good lord. Ouch, still hurting.

Then again while I'm metaphor mixing, I guess I shouldn't kick a dead gift horse in the mouth. Um, or something like that. Thanks? I guess?

by tiggerporn on 06/12/2008 02:58:01 PM EST

[ Parent ]
TYT to get spellcheck?!? (none / 0)
*hiting* hitting (need to replace the batteries in my wireless keyboard I guess), then again your should be you're and I can't blame that on a typo. When is young turks gonna get spell check?!?

by tiggerporn on 06/12/2008 03:00:03 PM EST

[ Parent ]
I use Google Toolbar (none / 0)

It has a good form filler, too

by MedfordTim on 06/14/2008 10:04:35 PM EST

[ Parent ]
Not really a fan of either plan (none / 0)
Why are we promising tax cuts after the enormous deficits we've been running?  I understand why McCain is, because that's how they roll, but Obama should be more up front about the burden we all need to share.  And it seems like he's going to massively raise income tax rates on the "wealthy" (which really means high-income earners).  That's going to create a lot of flack from a certain small, but very visible group of people.  I guess I don't even know where the balance should be--probably somewhere between where the Dems want it and the Repigs. 

by schmoab on 06/12/2008 12:43:30 PM EST

Consider (none / 0)
The top marginal tax-rate was 91% under FDR and Republican Eisenhower (which in today's dollars didn't kick in until after you earned your first 3+ million dollars in income, prior to that you were taxed at a lower rate, although today it kicks in much sooner) all the up until Kennedy who reduced it to 71% *but* closed some loopholes the rich were using.

Then Reagan slashed it to 28% initially. Clinton raised it to 39% (somehow the world didn't come crashing down, shocking I know) and Bush brought it down to 35% while also slashing the taxes for people who sit around the pool waiting to collect checks from the companies they own stock in to 15%.*

*While it's true that about 53% of Americans own some stock, the vast majority of them are invested at levels of 10k or less. In other words, don't buy the BS line that slashing these taxes helps the average Joe just as much or more than the wealthy. And I want to say that 80+% of all stocks are owned by less than 20% of the people.

PS---Tim made a great point about the effective tax rate vs the tax rate on paper for corporations. Stating that the US has the 2nd highest corporate tax rate in the world, while technically true on paper is not really true practically speaking.

by ihavenobias on 06/12/2008 01:12:33 PM EST

[ Parent ]
I should add (none / 0)
that I agree I'm not crazy about either plan. Obviously I think Obama's is better of the two, but why are we talking about more tax cuts period? Our taxes are plenty low now historically speaking and our economy is tanking.

But politically speaking I love it. I can't think of a single message that could damage McCain more than telling people that over 85% of Americans will pay less Taxes under Obama.

by ihavenobias on 06/12/2008 01:28:36 PM EST

[ Parent ]
I said THAT? (none / 0)

Either the Alzheimer's is speeding up or I am being attributed someone else's good words. Maybe I was quoting? I really don't remember it.

Bill Moyers' Journal this week was on the inequalities of income. I found it highly interesting. Reagan lovers might not be as enthusiatic about it, but I always KNEW what "trickle down" was code for. This is an underscore of long held beliefs of mine...

by MedfordTim on 06/14/2008 10:03:14 PM EST

[ Parent ]
Thanks for the link Tim (none / 0)
I need to watch Moyers more.

by ihavenobias on 06/15/2008 11:11:35 PM EST

[ Parent ]
Obama quote (none / 0)

"You know, I often say that John McCain is running to serve out George Bush's third term, but that's not fair to George Bush, because the fact is Sen. McCain is now calling for this new round of tax relief that is twice as expensive as the Bush plan and three times as regressive," Obama said.

That's funny to me.

by Cogitor on 06/12/2008 04:46:04 PM EST

Obama is better for your 1040 than McCain | 14 comments (14 topical, 0 hidden)
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