Free Republic

According to the nonpartisan National Taxpayers Union, Ill. Sen. Barack Obama's fiscal agenda will cost $344 billion a year. The Illinois senator's plans include: A government health care system that would likely cost more than $100 billion a year. A $1.7 billion Community Development Block Grant program featuring a full range of housing, job training, and community development services. An "Affordable Housing Trust Fund" costing $2.7 billion over five years. A "Making Work Pay" tax credit to offset Social Security taxes costing $308 billion over five years. In addition, Obama plans to spend: Some $2.5 billion over 10 years in...

Bush Plan Could Imperil Tax Write-Off for New York By IAN URBINA December 27, 2004 As the Bush administration looks to revamp the tax code, New York officials say they are particularly worried about one idea being considered: eliminating the federal deduction for state and local taxes. If the president pursues this plan, New York State would lose about $37 billion per year in federal tax deductions, more than almost any other state, according to Internal Revenue Service data. The change would affect about 3.2 million households in New York, three-quarters of which are middle- and low-income, tax records indicate....