Comments on: Reality Check: Helping Small Businesses

CBS Evening News: Neither Obama Nor McCain Has A Truly Persuasive Plan For Immediate Job Relief

[thinkabouti7]

neither candidate will be able to implement all that they promise. The realities of the situation will not allow them to.
Taxes under either candidate won''t be such that they''ll make you or break you, so you have to think about their judgment.
McCain proponents say he has the most experience, but noticing how he has ran his campaign and the choices he has made, including his choice of a running mate (who has no discernible judgment, is an outright liar, and has been found to violate the ethics of her gubernatorial position), leaves me to very much doubt his judgment. You would think that after 26 years as a senator, and running a previous campaign for president, he would have made better choices. It seems to me that his life experience has not taught him anything. He still flies by the seat of his pants without thinking through his plans. Hell, he doesn''t even seem to have a plan. One week its drama (I''m suspending my campaign to rescue the economy and I am not showing up to the debate either!), the next is personal attack lies (Obama pals around with terrorists).
Obama has no experience. Yet he has shown steady judgment.He has throughout his life, and this campaign, made the right choices and has come out on top. His handling of this campaign may even give him previous Republican strongholds. Hell, even the Republicans are vouching for him!
Thank you, but I will stick with the steady thoughtful judgment Obama has shown.

[thinkabouti7]

neither candidate will be able to implement all that they promise. The realities of the situation will not allow them to.
Taxes under either candidate won''t be such that they''ll make you or break you, so you have to think about their judgment.
McCain proponents say he has the most experience, but noticing how he has ran his campaign and the choices he has made, including his choice of a running mate (who has no discernible judgment, is an outright liar, and has been found to violate the ethics of her gubernatorial position), leaves me to very much doubt his judgment. You would think that after 26 years as a senator, and running a previous campaign for president, he would have made better choices. It seems to me that his life experience has not taught him anything. He still flies by the seat of his pants without thinking through his plans. Hell, he doesn''t even seem to have a plan. One week its drama (I''m suspending my campaign to rescue the economy and I am not showing up to the debate either!), the next is personal attack lies (Obama pals around with terrorists).
Obama has no experience. Yet he has shown steady judgment.He has throughout his life, and this campaign, made the right choices and has come out on top. His handling of this campaign may even give him previous Republican strongholds. Hell, even the Republicans are vouching for him!
Thank you, but I will stick with the steady thoughtful judgment Obama has shown.

[thinkabouti7]

neither candidate will be able to implement all that they promise. The realities of the situation will not allow them to.
Taxes under either candidate won''t be such that they''ll make you or break you, so you have to think about their judgment.
McCain proponents say he has the most experience, but noticing how he has ran his campaign and the choices he has made, including his choice of a running mate (who has no discernible judgment, is an outright liar, and has been found to violate the ethics of her gubernatorial position), leaves me to very much doubt his judgment. You would think that after 26 years as a senator, and running a previous campaign for president, he would have made better choices. It seems to me that his life experience has not taught him anything. He still flies by the seat of his pants without thinking through his plans. Hell, he doesn''t even seem to have a plan. One week its drama (I''m suspending my campaign to rescue the economy and I am not showing up to the debate either!), the next is personal attack lies (Obama pals around with terrorists).
Obama has no experience. Yet he has shown steady judgment.He has throughout his life, and this campaign, made the right choices and has come out on top. His handling of this campaign may even give him previous Republican strongholds. Hell, even the Republicans are vouching for him!
Thank you, but I will stick with the steady thoughtful judgment Obama has shown.

[atoh1]

Instead of delving in what could happen - i.e. he will raise taxes after he gets elected (referring to Obama of course) we need to consider that the same ''possibility'' is just as true of Mccain. My point is, there is no point in delving in conjecture and fear...both candidates have provided us with their tax plans...and it is clear that John mccain is doing everything he can to push a tax plan we cannot afford to pay for. Let''s take the joe story into consideration....

If Joe the Plumber thinks he can''t afford to buy the business under Obama''s tax plan then he really needs to consult a good accountant. Obama''s plan lowers taxes on the first $250,000 Joe makes. On the money over $250,000, Joe would pay 39% under Obama, instead of the 36% he now pays. That''s 3% more taxes, not exactly break-the-bank if you have already made $250,000 at a low rate. In fact, if Joe makes $280,000 then his taxes will only go up $900 a year (that''s 3% of $30,000, the amount over $250,000). Plus, Obama will give him a $1,000 tax credit for every job he creates, and tax credits for every employee that he provides health insurance for. Under Obama''s plan, Joe''s business will actually pay LESS TAX than it does now, as long as he has even just one employee.

It is interesting to see McCain make an argument based on an empty case.

[todgul]

Do you prefer redistribution of wealth to CEOs, oil companies or to the middle class ?
http://therealmccain.com/

[tjzchouse]

I have been self-employed since 1992. I left the "corporate world" so that I could both provide an income for our family and raise our children without putting them in daycare.

My typical work day lasts 12 hours. I have not had a paid vacation or a paid sick day for 16 years. In fact, I''ve had no down time longer than a 3-day weekend whatsoever for the past 5 years. My husband is able to provide family health insurance through his job, so at least that''s not an issue.

What do I get in return for working so hard? Self-employment tax. I can bring my taxable income down to zero--it doesn''t matter how many deductions I can qualify for because self-employment tax comes directly off Schedule C. I didn''t mind nearly so much when I was able to make a good income, but now companies who outsource their technology work force overseas can undercut my prices to a degree that I can''t hope to compete with while living in the Washington DC metro area with its high cost of living. I have been able to maintain long-term clients who place a high value on quality, but attracting new clients is not something that I count on at this point.

We have two sons, a freshman and a senior in high school. My goal is to survive for 8 more years so that we can get them both through to an undergraduate degree. After that . . .

[jschmidt27]

Obama tax plans-continued-A core group of Obama enthusiasts -- those educated professionals who applaud the "fairness" of their candidate''s tax plans -- will soon see their $100,000-$150,000 incomes targeted. As entitlements expand and a self-interested majority votes, the higher tax brackets will kick in at lower levels down the ladder, all the way to households with a $75,000 income.

[jschmidt27]

Obama said in April that only those making less than 75k would get tax relief. http://www.businessweek.com/magazine/content/08_15/b4079017876246_page_2.htm The WSJ article says below that taxing the over 250k crowd will not pay for Obama''s programs.http://online.wsj.com/article/SB122463231048556587-email.htmlIn 2006, the latest year for which we have Census data, 220 million Americans were eligible to vote and 89 million -- 40% -- paid no income taxes. According to the Tax Policy Center (a joint venture of the Brookings Institution and the Urban Institute), this will jump to 49% when Mr. Obama''s cash credits remove 18 million more voters from the tax rolls. What''s more, there are an additional 24 million taxpayers (11% of the electorate) who will pay a minimal amount of income taxes -- less than 5% of their income and less than $1,000 annually.In all, three out of every five voters will pay little or nothing in income taxes under Mr. Obama''s plans and gain when taxes rise on the 40% that already pays 95% of income tax revenues.The plunder that the Democrats plan to extract from the "very rich" -- the 5% that earn more than $250,000 and who already pay 60% of the federal income tax bill -- will never stretch to cover the expansive programs Mr. Obama promises.What next?

[jschmidt27]

http://www.usnews.com/blogs/capital-commerce/2008/10/23/would-obama-dems-kill-401k-plans.html
With Obama as Pres and Democrats running Congress this the type of policies you''ll get to take choice away from investors and create a huge slushfund for the Dems to say they balanced the budget.
House Democrats Contemplate Abolishing 401(k) Tax Breaks
Workforce Management ^ | October 16, 2008 | Sara Hansard

House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her idea to eliminate the preferential tax treatment of the popular retirement plans. In place of 401(k) plans, she would have workers transfer their dough into government-created %u201Cguaranteed retirement accounts%u201D for every worker. The government would deposit $600 (inflation indexed) every year into the GRAs. Each worker would also have to save 5 percent of pay into the accounts, to which the government would pay a measly 3 percent return. Rep. Jim McDermott, a Democrat from Washington and chairman of the House Ways and Means Committee%u2019s Subcommittee on Income Security and Family Support, said that since %u201Cthe savings rate isn%u2019t going up for the investment of $80 billion [in 401(k) tax breaks], we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that%u2019s not generating what we now say it should.%u201D