The Facts About Barack Obama's and John McCain's Tax Plans—No Socialism Here

dear,Obama u mka us pa a lo of taxes lik $20.00

nicole of FL 3:21PM November 06, 2008

The top 5% of wage earners is who Obama wants to tax more and the cut off for that is only $150k a year. You should really research things a little better I think. And this is coming from one of those who will benefit from Obama's plans as I make very little money and I have four children. But that does not mean I want a man in the White House who will not stand up for the lives of the unborn!

of TX 4:04PM November 04, 2008

they should leav componies alon without bail outs it would be less likly to crash people would be more carful instead of siting back and letting the government take care of it

can't give of UT 9:46PM November 03, 2008

Your blog fails to mention the very large tax credit that everyone will get from McCain to help pay for thier health insurance, a cost that so many of the poor and working class Americans complain about. Now, let's say your employer currently pays for your health insurance. If you can prove that you have health insurance via your employer, you may lose your small tax deduction on that health plan in favor of a very large tax credit that you can put into savings to pay for your out of pocket expenses. Nobody is talking about this. What if you don't have health insurance? Chances are, you are part of the large majority who can qualify for a low cost, personal health insurance plan, which McCain's tax credit will easy pay for in full or pay the majority of. For insurance costs to level out, we need as many Americans participating in the system as possible. McCain's plan will encourage health insurance participation and competition in the industry so that premiums will be more affordable, and healthcare will be less costly for all Americans. A government health plan will be impossible to sustain in future years without serious price controls or rationing of care. Obama says you can keep your employer plan if you want to, but what employer, in their right mind, would continue to pay for a health benefit plan, when they know their employees can get cheap coverage from the government? Obama knows his plan will eventually lead to government control of healthcare and that's exactly what he wants. The grass isn't always greener on the other side:

http://www.efsbenefits.com/Healthcare-Costs/Healthcare_Systems_Around_the_World.pdf

I happen to be a small employer that will be assessed higher taxes under Obama's plan. The additional taxes may cause me to have to lay off an employee and probably drop my employer sponsored health benefit plan. How will this be good for the working class? And if the tax plan will have this kind of effect on my business, how many other businesses will have lay off even more employees than I will? Those who think increasing taxes on the wealthy will make thier lives better, maybe you should think twice. It might be your job that is terminated to make way for Obama's new tax plan.

Anonymous of CO 8:05PM November 03, 2008