I read about McCain's stance on taxes in the link that you included-- what is so dreadful about asking the rich to pull their weight in taxes? You're absolutely right, Rachael, when you say that of the two things certain in life, taxes are one of them; so why do the Republicans persist in the myth that taxes can be abolished?
I don't understand McCain's rational in thinking that when the country is 9 trillion dollars in debt http://www.ontheissues.org/Background_Budget_+_Economy.htm he should give tax cuts to the rich. Tax cuts are detrimental to the economy, not beneficial, as John E. Schwarz points out in his article "Tax, spend, and create more jobs" http://www.signonsandiego.com/uniontrib/20080901/news_mz1e1schwarz.html. You can't expect a government that is steadily losing money and bringing nothing in to compensate to boost the economy.
Obama's plan to raise taxes is not radical or, as McCain claims, detrimental at a time when people can ill afford a tax raise. The wealthier households can certainly afford to pay for the greater share of energy and material products that they consume. I know that we are not-- yet-- talking about raising taxes on electricity and heating, but in principle the rich consume more, so they should pay more.
According to Obama's statement on tax cuts supported by the bush administration http://projects.washingtonpost.com/2008-presidential-candidates/issues/candidates/barack-obama/ he only intends only to cut taxes for the middle and lower classes. If at the very least he cuts taxes for the middle and lower classes and maintains the tax rate on the wealthy, wouldn't that have a positive effect on the economy by redistributing resources fairly?
Sunday, September 28, 2008
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