VOTE YOUR POCKETBOOK

Those tax & spend Democrats are at it again. Recently, the Tax Policy Center did a review of the tax differences between Obama and McCain. We’ve all seen the ads that tell us that Obama will raise your taxes and Sen. McCain will lower your taxes. Obviously, it is in your best interest to vote for McCain because it will save YOU money! In fairness, Sen. McCain is not lying! He will lower the tax rate for every American!

The catch (because there’s always a catch in politics) is HOW MUCH your taxes are lowered depends upon how much you make. For instance if you make $50,000.00; your taxes will go down by $319.00 or 0.6%. But if I make $600,000.00 my taxes will decrease by $45,361.00 or 7.6%. Huh? Pardon my cynical nature, but why does the man who is making TWELVE times more than you GET A TAX CUT THAT IS 7% MORE THAN YOURS? (Guess I must have worked harder for my $600,000 than you did for your paltry $50,000.)

Now under the Obama plan, the taxes on my $600,000.00 WILL go up. I will spend an extra $115,974 in taxes. So McCain didn’t lie! Sen. Obama will raise taxes ON EVERY AMERICAN MAKING OVER $600,000.00. How dare he? And how much will Obama raise taxes on your $50,000.00? NOT AT ALL. In fact, if you make $50,000.00, under the Obama tax plan you will pay $1,042.00 less than you do now. (That’s a 2.1% decrease in your taxes as opposed to Sen. McCain’s 0.6% decrease.) And how does Senator Obama plan to make up the difference? By cutting the tax breaks given to the rich by President Bush!

If you want to see where you will fall under each plan go to the following link:

http://money.cnn.com/2008/06/11/news/economy/candidat
es_taxproposals_tpc/?postversion=2008061113

Another difference between the two plans: If you are retired and making less than $50,000 per year, under the Obama tax plan you won’t pay taxes on that $50,000.

And another: Currently if you receive employer-based health insurance it is not taxed. Under the McCain health care plan you WILL pay taxes on the money paid towards your health care. (This doesn’t get much mention in his stump speech but it is in his Health Care Plan.)

Several years ago, multi-billionaire Warren Buffet made an offer to donate $1,000,000.00 to the charity of choice of any Fortune 500 CEO who paid the same percentage tax rate as the CEO’s secretary. The money remains unclaimed to this day. Senator Obama may cost Warren Buffet a million dollars by leveling the tax rate in America.

Some people will try to tell you that it is not fair for the rich to have to pay more than anyone else. But the reality is that during the Bush Administration we have been fighting a war in Iraq on credit. Borrowing as much money as we have has caused the dollar to plummet. This means different things to different classes. I recently listened to a woman in a grocery store with two small children try to decide between milk or meat because she couldn’t afford both. That’s what a weak dollar means to the poor. Today, I stood behind a woman at the bank who was forced to cancel her vacation to Europe. So instead, she’s going to Latin America for vacation because the dollar is so much stronger there. That’s what a weak dollar means to the wealthy.
Bottom line, regardless of what the Republicans try to tell you…Sen. Obama is much friendlier to the middle class than the McCain Campaign ever dreamed of!



VOTE YOUR POCKETBOOK!