Showing posts with label Promises. Show all posts
Showing posts with label Promises. Show all posts
Saturday, October 18, 2008
Thursday, June 26, 2008
John McCain Won't Raise Your Taxes-Obama will
The following are some of Obama's Taxing proposals :
- He will create a 60 percent tax bracket for upper-income Americans and raise the top bracket to 40 percent. He will apply FICA taxes to all income, not just that under $100,000 as at present. ( 40 %+ FICA’s 12.5 % + Medicare’s 2 % + state and local taxes averaging, after deduction, at 5-6 %=60 %. (Source-Dick Morris )
- He will double the capital gains tax. The likelihood of an Obama Presidency could trigger a Stock Market Crash as investors rush to sell shares to avoid the higher rates of capital gains tax.
- He will double the dividend tax.
- His opposition to nuclear power and extra oil drilling means that energy prices will remain high. America's over reliance on oil imports will continue.
Obama plans to raise spending by $800 billion over 4 years. The Tax Payer will fund the Socialist policies of a President Obama.
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Friday, March 7, 2008
Clinton Attempts To Buy Tax Payers With Their Own Money
Read the frightening implications of Clinton and Obama plans in McClatchy Truth to Power Both Democratic candidates are embarked on a policy of buying tax payers with their own money.
Their plans can be brought to fruition only by hikes in direct and indirect taxation. Stealth taxation will also fund some of the promises. Clinton and Obama pay lip service to Middle Class concerns but continue to churn out the promises and proposals, which will squeeze the life blood out of tax payers. There is a tendency in some conservative circles to assume that Clinton is somewhat less threatening than Obama. Nothing could be further from the truth. Policy differences between both are miniscule. Both are Socialists who favour more state involvement, quangos and bureaucracy. Tax Payers will fund their folly. A Democratic President and a Democratic controlled Congress is an appalling vista for tax-payers.
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