Obama and Taxes
Here is video of Sen. John McCain at a rally today where he warned Americans that Barack Obama's definition of "rich" for tax purposes is continuing to "creep down."
»
- brianinmo's blog
- Login or register to post comments
Speaking in Florida today, Sen. John McCain said that Barack Obama wants to control the wealth of Americans through taxes, part of his plan to "spread the wealth around."
»
- brianinmo's blog
- Login or register to post comments
Here is video of Sen. John McCain speaking at a rally today where he warned Americans that if Sen. Barack Obama is elected, he will enact policies along with the Democrat-controlled Congress that will lead to higher taxes and higher unemployment.
»
- brianinmo's blog
- Login or register to post comments
Here is a new ad out by Sen. John McCain's Campaign called "Sweat Equity." It hammers Obama for wanting to take the hard-earned dollars of Americans in taxes to spread around for his spending objectives.
»
- brianinmo's blog
- Login or register to post comments
Here is video of Gov. Mitt Romney on MSNBC with David Gregory talking about Barack Obama's tax plans. Romney faced a very aggressive Gregory, who sought to defend Obama at every turn. But Romney did a great job of keeping the focus on Obama's liberal, far-left leanings and agenda.
»
- brianinmo's blog
- Login or register to post comments
Here is a new John McCain ad that hits Barack Obama for his claim to be a "tax-cutter." The ad points out that Obama's record shows he has supported higher taxes 94 times.
»
- brianinmo's blog
- Login or register to post comments
Here is video of former Gov. Mitt Romney explaining why Barack Obama and his plan for huge tax increases will be devastating to the U.S. Economy. Romney was interviewed by CNN's Wolf Blitzer.
»
- brianinmo's blog
- Login or register to post comments
Here is the latest John McCain ad, entitled "Painful." It highlights Barack Obama as a tax ans spend liberal, who plans to raise taxes across the board.
»
- brianinmo's blog
- Login or register to post comments
Here is a video that discusses in detail Sen. Barack Obama's Social Security Tax Plan. The video has been put out by the Center for Freedom and Prosperity Foundation.
In addition to several other tax increases, Senator Barack Obama wants to increase the Social Security payroll tax burden by imposing the tax on income above $250,000. This would be a sharp departure from current law, which only requires that the tax be imposed on the amount of income needed to "pay for" promised benefits.
But more important, at least from an economic perspective, the Senator's initiative would increase the top tax rate on productive behavior by as much as 12 percentage points - and this would be in addition to his proposal to kill the 2003 tax rate reductions and further boost the top rate by 4.6 percentage points. This mini-documentary explains why a big tax rate increase on highly productive people would be very damaging to America's prosperity, especially in a competitive global economy.
Simply stated, pushing top tax rates in the United States to French and German levels means at least some degree of French-style and German-style economic stagnation.
»
- brianinmo's blog
- Login or register to post comments
Over at Powerline, John Hinderaker makes a great point! ;)
The Audacity of those Book Authors
Barack Obama said yesterday that he wants to impose a "windfall profits tax" on American oil companies. This is a stupid idea, unless you want to reduce the supply of oil and thereby increase prices even further.
But it did cause me to wonder why we don't have a windfall profits tax on authors. Think about it: it takes as much work to write a 300-page book that sells 1,000 copies as to write one that sells 1,000,000. Yet the former author is paid almost nothing, while the author who happens to write a best-seller gets rich. Where is the fairness in that? Besides, the oil companies need their profits to make huge capital investments in oil drilling equipment, ocean platforms, pipelines, and so on. What capital investment does an author need his windfall profits in order to make? A new pencil? An author could easily pay extra taxes on his windfall profits and have plenty of capital left over for his next book.
A windfall profits tax on authors seems like a no-brainer. Coincidentally, Barack Obama's 2007 income of around $4.2 million came almost entirely from book royalties. Now, that's what I call a windfall! If authors' windfall profits are taxed at 90%, Obama can write a check to the Treasury for around $3.2 million. What do you say, Barack? Why not a windfall profits tax on authors?
Too funny.. ;)
»
- Lane's blog
- Login or register to post comments
