The tax man cometh

[Nightwing01]

The Tax Policy Institute, a think tank run jointly by the Brookings Institution and the Urban Institute, concluded that under Obama's plan middle-income taxpayers would see their after-tax income rise by about 5 percent by 2012, or nearly $2,200 annually. "Those in the top 1 percent would face a $19,000, or 1.5 percent, reduction in after-tax income," the institute concluded in an analysis issues this week.
"McCain would lift after-tax incomes an average of about 3 percent, or $1,400 annually, for middle-income taxpayers by 2012," the institute said. "But, in sharp contrast to Obama, he would cut taxes for those in the top 1 percent by more than $125,000, raising their after-tax income an average 9.5 percent."

Don't people see this is just a way to help out his elitist friends and make his wife and him more wealthy!!!!

[Advisor]

Your spitting in the wind, my friend. The republicans are the friend of the 'little people' and the dems want to take everything you have and give it to the poor, thereby making us all the same a la Marx.

[darrels joy]

Obama Lied About America's Generosity (20Aug08)


Obama flat wrong on Americans’ generosity
By Jay AmbroseExaminer Columnist 8/20/08 12:18 AM

Barack Obama, in a discussion with evangelist Rick Warren about his Christian faith, said he had been guilty of a “fundamental selfishness” that had contributed to regrettable youthful behavior.

Then he confessed for the rest of us.“Americans’ greatest moral failure in my lifetime,” he said, “has been that we still don’t abide by that basic precept in Matthew that whatever you do for the least of my brothers, you do for me.”

Sorry, but he can hang that one up. Whatever the case is with his own selfishness, the evidence of an internationally superior American generosity is impressive, beginning with the numbers on our charitable giving.

We give twice as much as the British per capita, and according to The American magazine, seven times as much as the Germans and 14 times as much as the Italians.

Even in inflation-adjusted dollars, the amount given each year just keeps getting larger, and meanwhile, we do far more volunteer work than in other industrialized countries.

Of course, Obama isn’t just talking about private giving, and could face serious embarrassment if he were.

As has been reported about a study by Arthur Brooks of Syracuse University, conservatives give almost a third more money to charities than liberals, who mostly have more to give.

No, Obama wants to scratch another itch, his desire for the government to do more to force redistribution of money in our society. But don’t suppose we are negligent in the coercion department, either.

Under our progressive income tax system, the top 5 percent of all earners pay more than 60 percent of the take, according to the National Taxpayers Union, which notes that the top 50 percent pays 97 percent.

Some 43 million primarily low-income filers of tax returns owe no income tax at all, the Tax Foundation says.

And 21 million families that don’t pay the tax are getting some $36 billion in refunds through the Earned Income Tax Credit.From an economist named Gary Shilling, we learn that 52.6 percent of us get a hefty portion of our incomes from government.

A news story on Shilling’s findings says that some of this money comes from government jobs or jobs dependent on government programs. It also comes from such programs as Social Security, food stamps and subsidized housing.

Economics commentator Robert Samuelson notes that defense spending now constitutes just 20 percent of the budget even when you add in the Iraq war, whereas spending on programs transferring money to the poor and elderly constitutes 60 percent of the budget.

Obama, whose domestic spending plans add up to far more billions than he can possibly pay for without draconian tax increases, also wrings his hands about how little foreign aid we give.

He wants to double the amount even though the government already gives far more than any other country, even though our private contributions to foreign countries far exceed the governmental assistance, even though aid sometimes risks abetting oppression and even though there’s a more effective means of aiding these countries while also helping ourselves.

That’s through trade agreements, some of which Obama questions for political reasons.

Americans just aren’t selfish in a mean-spirited sense, although they are by and large self-responsible in pursuing their own interests and thereby contributing mightily to the communal good.

Obama’s collectivist aspirations could damage that good, and are also bad theology.

As liberal writer Garry Wills intelligently explains in his book, “What Jesus Meant,” Jesus did not “advocate a politics.”

He was talking about each of us caring for others, and compared with many others around the globe, we do that pretty well.

Examiner Columnist Jay Ambrose is a former Washington opinion writer and editor of two dailies.

He can be reached at speaktojay@aol.com.

[Nightwing01]

This just in McCain is going to restart the draft yes I can sleep better now. O but we are all free and the rep looks out for the people!

[darrels joy]

What McCain said

---

In June, McCain said it would take an "all-out World War III" to make the draft necessary -- which seems to mean he'd consider it. In July 2006, when asked to react to Newt Gingrich's claim that "You'd have to say to yourself this is in fact World War III," McCain said, "I do [agree] to some extent."



Asked about the draft last September, McCain said, "I might consider it, I don't think it's necessary, but I might consider it if you could design a draft where everybody equally could serve."
http://www.alternet.org/blogs/video/...ute_the_draft/

He did not say he wants it.

His sons, like ours, joined and were not part of any draft.
Joy