Capital Commerce

Obama vs. McCain on Taxes

By James Pethokoukis

Posted: March 14, 2008

Barack Obama slammed John McCain yesterday on his support of the 2001 and 2003 Bush tax cuts, measures he originally voted against: "He made a decision to reverse himself on that.... That was how, I guess, you got your ticket punched to be the Republican nominee. But he was right then, and he's wrong now."

On the same day Obama made that criticism, Senate Democrats in Congress voted to let half the Bush tax cuts expire in 2010 while House Democrats voted to let them all disappear.

My take: Isn't Obama basically guilty of somewhat the same thing he's charging McCain with? Obama has been against the 2001 and 2003 tax cuts, yet now he says he would keep roughly half of them. Obama is also apparently saying that it would have been better had middle- and lower-income Americans received no tax relief from the 2001 and 2003 cuts, since it also meant tax relief for upper-income folks. Can't McCain say, "If Barack Obama'sview had won out, the average American—not the rich, mind you—would have paid a trillion dollars in higher taxes since 2001, and now his Democratic friends in the House want to get rid of the tax cuts and credits you have enjoyed since then." The tax issue will be a biggie in the fall.

McCain is pulling a slick one and in a way his lying. This one should deserve a 4 pinochios for McCain.

McCains plan is to keep the tax breaks for the rich which makes more than 250,000 dollars and Obama wants to remove those. These tax breaks doesn't include all of America.....but for the Republicans and John McCain, they think that everyone in America makes more than 250,000 dollars.

Obama will remove tax breaks from the rich and basically give the breaks to the poor and middle class. He won't be taxing the poor and middle class as what McCain and his trickle down economics seem to want you all to believe.

McCain is a liar. He doesn't know what his talking about when he says that Obama will tax everyone. The reason why his saying that Obama will tax everyone is because all of McCains friends are all rich and make millions of dollars. So therefore he thinks everyone is rich as well.

Furthermore, check this clash videos I found yesterday about the US Presidential candidates have talked taxes. Well, it’s entitled Obama v. McCain on Taxes. Watch these statements - then vote in http://clashorama.com/index.php?id=194

Vanessa Mcguire of FL @ Sep 16, 2008 14:51:18 PM

ya

poooopiiiiiiiiiiiiieeeeeeeeeeeeeeeeeeee

sammy weitz of TX @ Mar 23, 2008 21:36:20 PM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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