Let’s Talk: Taxes
Posted in Op/Ed, Uncategorized with tags McCain, obama, taxes on September 9, 2008 by Anon E. MouseI’ve heard enough (anything at all seems too much) about pregnant teenagers and flag pins. Let’s talk about the issues.
According to Time magazine, this is what John McCain and Barak Obama have to say on particular issues.
First up on the block is the only other thing in life that is cetain, besides death – TAXES.
What have the candidates said about this issue?
McCain said he would:
• Keep taxes low and cut them where he could.
• Double the child tax exemption from $3,500 to $7,000.
• Cut the business tax rate to help American companies compete and keep jobs from moving overseas.
Obama said he would:
• Cut taxes “for 95 percent of all working families.”
• “Eliminate capital gains taxes for the small businesses” and start-ups “that will create the high-wage, high-tech jobs of tomorrow.”
• Advocate “a tax code that doesn’t reward the lobbyists who wrote it, but the American workers and small businesses who deserve it.”
• “Stop giving tax breaks to corporations that ship jobs overseas” and “start giving them to companies that create good jobs right here in America.”
Anon E. Mouse Analysis:
Mr. McCain offers up, perhaps, the only actual objective “promise” out of the convention oratory. Doubling the Child Tax Exemption from $3,500 to $7,000. Keeping taxes low is important to many folks who look at the difference between the gross and net numbers son their paychecks every week and want to cry. Please tell me how you are going to make sure that your new tax breaks for corporations are going to keep jobs in the USA and not just line pockets of the big shots that sit on the Board of Directors.
Mr. Obama*, at least in this analysis, offers up rhetoric. What does he mean when he says “95% of all working families”? This sounds great but please define “working family.” Also, please define “small business.” Please cite examples of the tax code you wish to change – especially examples of those that seem to be written by lobbyists. I have no doubt they exist, but it just sounds awfully vague.
*I know my criticisms appear a bit one-sided. On this subject, I believe they are warranted. As this series progresses, you should see that I criticize both candidates for being vague or having nothing to say at all on some subjects.
Coming up next: Education