Comments on: Obama Jabs at McCain Tax Cuts

The wealthier Americans do not hoard the money in a bank (but the effect is the same). They invest in companies that in-turn invest in foreign countries. The US does not see this benefit except indirectly in cheaper products from China and more expensive oil from Saudi Arabia.

This also magnifies the job loss at here to those same countries.

[trbundro1277]

What is the fair answer here?
Posted by jy2008 at 05:52 PM : Jun 12, 2008
If you make over 2.8 million dollars per year, you can afford to pay more in taxes than me, since I only make 8 bucks per hour as a manager at a video game store even though I have a bachelors degree. Why should people that make 2.8 million or more get tax cuts? People that make 2.8 million bucks per year, when they get tax cuts, they don''t spend more money on our economy, they spend more money on their trips to other parts of the world, So how does that help the economy? If you give tax breaks to people that make less than 250,000 bucks per year, we will spend the money to pay off debts, by tvs, movies, dvds, video games, property, things that will help the economy! That is why the Bush/Mccain policy of giving very rich people tax cuts is very wrong!

[trbundro1277]

What is the fair answer here?
Posted by jy2008 at 05:52 PM : Jun 12, 2008
*** having rich people pay their fair share of taxes is the fair answer here. How bad is it when Bill Gates came out and said he pays less in taxes than his secretary that makes only 40,000 bucks per year. Why should people paying 40,000 bucks per year pay more in taxes than the head CEO of Microsoft? Wealthier Americans DO NOT help the economy when they hord the money away in savings accounts. If Wealther Americans got tax cuts based on the money they spend, that might be a different story, but just giving Bill Gates, Walmart Execs, and Wallstreet people tax cuts hurts the economy alot more than it helps!

[jy2008]

Do you have to cut tax in order to cut spending?

Or

You want to increase tax in order to increase spending?

Or

Can you cut tax and cut spending?

Or

Can you cut tax and increase spending?

Or

You want to increase tax on rich in order to increase spending on poor?

What is the fair answer here?

[trbundro1277]

Barack Obama told a crowd of predominately white, middle class voters today that his tax plan will provide three times more relief than John McCain%u2019s proposed cuts. He charged McCain with only helping the wealthiest families, saying that his tax cuts will only go to households earning more than $2.8 million a year.
*** This is the reason I will vote for Barak Obama in November! Mccain doesn''t have a clue on the economy! Giving only the wealthiest of Americans is not going to help the economy, that will only make problems get worse. The wealthier American aren''t spending money that they save from tax breaks, they are hording it in banks, that is why Bushinomics of trickle down don''t work. The rich people aren''t letting the money trickle down, they are hording it away!

[fuzkida]

Repeating a lie over and over again worked for the Bush administration. Fortunately, the public is starting to wake up and McCain''s lies won''t work here. It''s really quite simple - Obama''s tax relief goes only to those earning less that $250,000; McCain''s goes to all income levels with the greatest proportion going to multi-millionaires. McCain does not show how he will pay for his tax cuts other than to say he will ''cut spending''