It's a blog.
In: Uncategorized28 Oct 2008
For all John McCain loves to talk about Obama’s plans to “raise taxes,” one analyst has shown that it really doesn’t add up: just as Obama’s said, unless you’re making $250,000 a year or more, you’ll do better under Obama’s plans. For the example of a single mother making $42,000 a year, it’s the difference between $3,190 under McCain and $1,868 under Obama.
The Electoral-Vote.com site puts my confusion more eloquently:
Many Republicans have bitterly opposed the federal income tax since the 16th amendment was passed in 1913. Is McCain going to repeal the federal income tax? If so, how does he plan to finance the government? Or does he mean that the difference between the top rate of 39.6% under Bill Clinton and the top rate of 36% under George Bush is the difference between communism and capitalism? The purpose of the progressive federal income tax is to spread the wealth. That Democrats have supported a progressive income tax for decades is hardly news. Does McCain want to keep the tax but make it a flat tax (a la Steve Forbes)? No word on this. It seems this is just another desperate attempt to attack Obama rather than being a serious policy proposal for tax reform and it comes awfully late in the game. If McCain wanted to run on a platform of a flat tax, he certainly has had the opportunity, but until now he didn’t bring up the subject.
Oh, and in other news, al Qaeda has endorsed McCain (sort of), although I can hardly hold that against him. Though the article challenges the assumption that Republicans are somehow stronger on terrorism.