Bingo!
absolutely frightening!!!
Democrats and Obama Lie LIE LIE!!!
The stock market crashed so we need a socialist.
Oh come on. That reduction was the good folks at the government letting us have some of our money back for a period of time. They need to take it away from us for our own good again.
/s
This is what I have been sending:
The 2003 tax cuts included all incomes. Once Obama and the Democrats allow the 2003 tax cuts to expire, everyone's income tax will increase and their take home pay decrease: low income, middle income, high income, will all have an heavier tax burden when the 2003 tax cuts expire.
1) The entire federal income tax rates were reduced across the board for ALL incomes. When the 2003 tax cuts expire we all go back to the higher income tax rates of the year 2000. EVERYONE'S take home pay will decrease: low and middle income included. My household brings in about $90K/yr. The tax cuts allow me to keep $3800 more cash of my money per year. When the tax cuts expire, it will cost me $3800 per year. I cannot afford it! A household bringing in about $50K per year will lose $2500 - $3000 per year.
2) The earned income tax credit (EITC) was increased in both credit amounts and the yearly income up to $39K/yr. When Obama and the Dems expire the 2003 tax cuts, the EITC credit amount will shrink and only for those making in the high $20K/yr. These affects low income households severely. EITC http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=36
3) The child credit of $1000/child will go back to $500/child when Obama and the Dems allow the 2003 tax cuts to expire. This affects all incomes: low, middle, high.
4) The marriage penalty was eliminated with the 2003 tax cuts. When Obama and the Dems go back to the year 2000 tax codes, married couples will be paying higher taxes for being married. This affects all incomes: low, middle, high.
40 percent of Americans do not pay any federal income tax now.
BHO is fooling the silly voters .
Moreover, I have every expectation that the RATS will retroactively accelerate the expiration of these tax cuts to January 1, 2009.
If you were a member of Congress, particularly in the House, would you want to have this fight in March 2009, or March 2010?
Word.
this is the number one mistake that McCain’s handlers have made. They should have made this an issue from the beginning
What is so complicated about pointing this out on the campaign trail and what is with the 90% of Americans get tax cuts where 40% do not pay taxes????
McCain won’t bring this up because the media and BO will use it as McCain siding with the failed Bush yadda yadda yadda....
bingo!! I though I was theonly one mentioning that.
That should be front and center.
Obammy Hussein commercial last night (during Jeopardy) “I will let Bush’s tax cuts on the top 2% expire.” Obammy is silent about the REST of Bush’s tax cuts.
Obama’s own tax calculator mentions that Bush tax cuts are included for 2009. (in FAQ’s) No mention of what happens after that.
I don’t think he has ever been asked if he would permanently keep the Bush tax cuts. We know for a fact the two highest brackets will go up.
We KNOW the Democrats want the Bush tax cuts gone.
McCain needs to hammer this point. He also needs to get the word out about the democrats plan to steal your 401K and spread it around.
While saying that, John should also protect his flank in Obama extending the cuts to those who earn less than $250,000. If Obama walks that plank then John must be quick to point out that Obama supports the Bush Tax Cuts after all.
While saying that, John should also protect his flank in Obama extending the cuts to those who earn less than $250,000. If Obama walks that plank then John must be quick to point out that Obama supports the Bush Tax Cuts after all.
According to the Wall Street Journal http://online.wsj.com/article/SB122497140074869661.html
“Sen. Obama favors tax cuts for middle-class workers and tax increases for top earners — families that make more than $250,000 and individuals making more than $200,000 a year. He wants to extend most of the 2001 and 2003 Bush tax cuts, but raise the top two marginal rates to 36% and 39.6%.
Sen. Obama wants to eliminate taxes on seniors making less than $50,000 a year and to provide a “Making Work Pay” tax credit of 6.2% of the first $8,100 in wages (about $500) for individuals earning less than $75,000 a year. Outside analysts estimate that the top 1% of wage earners would see an average tax increase of $19,000.”
I don’t support his tax plan because the well-off are already more than their fair share, but it does look like some middle class people would pay less in taxes or get a payment from the government if Obama’s plan were passed. Of course, Bill Clinton promised but did not deliver a middle class tax cut, so Obama might be “forced” to let more of the Bush tax cuts expire once elected. That is a different argument, though.
McCain should ask Obama for a percentage of his campaign funds to assist with the last days of the campaign. I know Obama raised more money let’s see if he’ll “redistribute” his wealth.