By Alice

June 16, 2008 12:21 AM | Link to this

A study by The Tax Policy Center analyzed the different ways different taxpayers would benefit under an Obama or McCain administration. Under Sen. McCain’s plan, taxpayers on average would get a tax cut in 2009 equal to 2% of after-tax income. Under Sen. Obama’s plan, taxpayers on average would get a tax cut next year equal to 0.3% of after-tax income. Under Sen. McCain, those in the middle — making between $66,354 and $111,645 — would see their after-tax income increase by 0.7%. The biggest benefit would flow to those in the top 0.1% — those with incomes above $2.8 million — who would see their after-tax income increase by 4.4%. Sen. Obama skews his tax cuts toward the lower- and middle-end of the income scale. Those in the middle would see their after-tax income increase by 2.4% , or $1,042. Americans with incomes above $2.8 million would see their after-tax income decrease by 11.5%. Both candidates have other tax changes that would affect revenue. Sen. McCain plans to drop the corporate income-tax rate to 25% from 30% by 2015. Sen. Obama wants to exempt some senior citizens from paying taxes altogether. The study found that, under a McCain administration, tax revenue as a share of gross domestic product would average 17.8% over the next decade, while Sen. Obama’s plans would average 18.4% over that period. Tax revenue has historically averaged around 18% of GDP. (WSJ) In other words, Obama’s economic plan benefits the lower and middle class incomes better and McCain’s plan benefits the upper class better.

By Dayton boy

June 14, 2008 11:39 PM | Link to this

Obama is not the kind of president that America needs right now. We need someone like McCain who is going to reform the federal government and reduce the wasteful spending. Obama wants to expand the size of the government so he has to increase ever tax you can think of. McCain wants to keep taxes low on all Americans including the middle class. Obama wants you to believe that McCain doesn’t care about the middle class but it is Obama that wants to raise taxes on Social Security and capital gains. McCain would do wonders for our country. We don’t need an elitist running out government like Obama.

By Ethel S.

June 14, 2008 1:38 PM | Link to this

You Obama supporters are sure nasty indicating that I am ignorant and a loser because I commented negatively on the Obamas. I guess it does not matter if a certain section of the voters get turned off with that type of talk. Yes, I do plan to see you at the Loser Circle in November. McCain 2008!

By VickiLynne

June 13, 2008 11:21 PM | Link to this

Yeah Hillary has a lot of nerve asking us to pay for her unpaid debt that she accumulated in her campaign. You seriously need to check your facts! You’re so ignorant which is absent of knowledge you need to educate yourself. And, oh by the way over 200,000 was fundraised. See you at the Loser’s Circle - oh that’s right you’ll be there all by your lonesome self.

By Ethel S.

June 12, 2008 9:38 PM | Link to this

Michelle Obama has a lot of nerve to go to Cincinnati to ask for more and more money for her husband’s campaign. During the primary race, she wasted all that money by renting Music Hall while Hillary went to Skyline Chili. The Obamas are big spenders. And I would not give them any money because it would have to go the website to defend against all the bad judgment due his bad choices of associations starting with Rev. Wright, Bill Ayers, Rezko, Jim Johnson etc. What a total waste. He is simply too immature to be President. We need a real American hero, John McCain, who wold not let down his fellow soldiers, an experienced lawmaker who reached across the parties over a lot of years, and he has on many occasions separated himself from the flawed GOP policies. It is too bad John McCain was not elected in 2000. He is one person who knows just how war is a bad policy. He is strong enough to talk when necessary, work with the military options when necessary, and work with alot of other countries. I have still not heard specific plans how Sen. Obama will bring the troops home. Welcome to Ohio, President McCain!