I like the tax plan laid out by Obama, people who make over 250,000 can stand a bump in taxes... What about you????

Counterproductive. Most are small business owners and will only lay off workers to compensate. That's exactly how I will advise my clients, too.

It doesn't matter really. Do you think the government taking more of our money is going to solve anything? It hasn't in the past as far as I can tell.

Sounds like jealousy to me, I bet you would be singing a different tune if you made that much money.

That's exactly what it is, RT. You nailed it.

I would like to see if a change from W.Bush's system works better for me. And I know McCain is going to stick with the Bush tax cuts and I would like to see the people who do labor for a living get a break.....

See thing is knowing how I feel now, if I ever earn money like that I would be glad to pay a little more....

This is what will happen there:

Corporations, small businesses, and "rich" people will be paying more taxes than ever before.

"Rich" people can probably handle it. Small businesses will feel an extreemly heavy burden. Prices for the goods and services offered by these businesses will have to increase to cover the losses. Many will be forced to make dramatic personell cutbacks, putting more and more people into the bottom tax bracket.

Those under that majic number 250MM will find themselves paying more and more for their day-to-day living expenses, but they will not be making any more money. In fact, they will likely be making less because we will inevitably see a drop in the aggregate salary level for the nation.

It looks like a great deal for the working man, but the fact is that if you look at it from a wide angle, it will really hurt the nation.

Want to know what business are going to be hurt (or what products/services will have skyrocketing prices)?

grocery stores
local banks
fast food restarants
tackle shops
gas stations
car dealerships
mechanic shops
pretty much everyone else in your local yellow pages

I know that you've bought into that line about how its just fair. But in reality, it is socialism. Historically, socialism has NEVER worked in the long run.

Well, at least you have a reasonable opinion, I'll give you that. But I don't agree that people under 250k are the only ones doing the labor. I'll be taxed to the hilt under his plan because I own a business. I can promise you I do more work and carry more burden than my employee's do.

Sounds like a great idea. Tax the people who are most productive to support the people who are the least productive.

Amen to that.
There are two kinds of workers:
Work creators and work processors.

Usually the creators can work circles around the processors. That's how they made it to the top.

Obama tax plan

could not be any worse.

he wants to tax business' to death, creating job loss, companies leaving the US, which will RAISE the cost of everything

so you might get your little 3-5% tax cut as a middle class, but you will pay out the nose for everything else...you will come worse off than before.....that is if you still have a job!

I wonder what would happen if all the "rich" suddenly decide to fold their businesses, sell their stocks and simply draw down their money without earning another dime?

They'd pay No taxes....and there would be NO jobs.

When I get to that point, where I can either draw tax free income or use a sinking fund, I guarantee that's exactly what I'll do. I wont pay a dime more as long as I live, when that day comes.

Obama is going to let the Bush tax cuts end, that raises taxes on the working middle class, all of them, not those over $250,000.00.
I am a small business owner, and my business makes over $250,000.00, I don't, my business taxes are going to increase, I am going to be forced to pay for health insurance that I can't afford. My only option is to lay off my help and do the work myself! I will not produce as much work and there WILL be more unemployed!

Hey you guys say that but the workers see it another way....

Who are these "workers"? Are they some other race because last I checked, I was working too.

95% tax cut for All Americans....BIG LIE!!!!! But its buying votes....the sheeple will follow him, because he sells the lie....

Its like walking into a car dealership and paying MSRP on a car, because the smooth talking salesman convinces you thats the best price....

I know a few car salesman.......there are tons of idiots who will pay the window sticker price.....these are the people who believe Obamas tax plan will help them!

I've been in both boats, so to speak, a worker and a business owner...I saw how hard my parents worked when they owned their own business and I copied their work ethic (that's one thing my father did know how to do)...If a person is envious of another, that truly is a personal issue, not something the business owner created.

Well said my friend.

If you own a small business, I am your best friend.

But Obama is your worst enemy.

I like stickin' it to the rich man! I bet that'll teach the next guy who tries to become wealthy to settle into a nice mediocre job, instead of striving for more. I believe the wealthy should not only take up all the slack, but that they should also give us a percentage of their 401k growth!! And, the politicians should be able to have more power so that we don't mess up....ever, even if it means not learning from our mistakes.

your sarcasm is well noted ...the worst part is there are people that think like that!

What happened to the Palin thread? Did someone get ugly ?
Hope is wasnt me.

You should run for POTUS

Some people here are claiming that the dems are guilty of jealousy. I'm here to tell you that the repubs are too. Everyone is jealous of the Jones'. Its how we respond to that jealousy that sets us apart. Here's the bottom line difference between a conservative and a liberal:

A conservative uses that jealousy as motivation to work harder, emulate sucess, and do a better job to earn as much or more than that person they're jealous of.

A liberal on the other hand decides he likes the extra money and fancy things the Jones' have. Instead of going out and doing what it takes to get his own, he sits around and tries to figure out how he can get some from Jones himself.

So, if someone is ultra-conservative, are they then to the point of being liberally conservative?

The only thing I disagree with COFF and this is just me, but I don't always see it as jealousy. Sometimes yes, but most of the time it's aspiration. There are things I'd like to do, like to have and people I'd like to help. I can't do that sitting on my but waiting on someone to do it for me.

I used to run cross country, but I'm way out of shape and years of smoking has left me only able to run to the bathroom or to my unsecured rods when they become airborne from a fish.

I can go with that... its really just semantics. When you see something you want, you do what is necessary to go get it- as opposed to sitting around expecting the government to give it to you.

I started this thread to get the other one back to Palin....

Stealth mods. I like it.

http://www.johnmccain.com/Informing/News...38-a3b99b0f9b34


Barack Obama argues that his proposals to raise tax rates and halt international trade agreements would benefit the American economy. They would do nothing of the sort. Economic analysis and historical experience show that they would do the opposite. They would reduce economic growth and decrease the number of jobs in America. Moreover, with the credit crunch, the housing slump, and high energy prices weakening the U.S. economy, his proposals run a high risk of throwing the economy into a deep recession. It was exactly such misguided tax hikes and protectionism, enacted when the U.S. economy was weak in the early 1930s, that greatly increased the severity of the Great Depression.

We are very concerned with Barack Obama's opposition to trade agreements such as the pending one with Colombia, the new one with Central America, or the established one with Canada and Mexico. Exports from the United States to other countries create jobs for Americans. Imports make goods available to Americans at lower prices and are a particular benefit to families and individuals with low incomes. International trade is also a powerful source of strength in a weak economy. In the second quarter of this year, for example, increased international trade did far more to stimulate the U.S. economy than the federal government's "stimulus" package.

Ironically, rather than supporting international trade, Barack Obama is now proposing yet another so-called stimulus package, which would do very little to grow the economy. And his proposal to finance the package with higher taxes on oil would raise oil prices directly and by reducing exploration and production.

We are equally concerned with his proposals to increase tax rates on labor income and investment. His dividend and capital gains tax increases would reduce investment and cut into the savings of millions of Americans. His proposals to increase income and payroll tax rates would discourage the formation and expansion of small businesses and reduce employment and take-home pay, as would his mandates on firms to provide expensive health insurance.

After hearing such economic criticism of his proposals, Barack Obama has apparently suggested to some people that he might postpone his tax increases, perhaps to 2010. But it is a mistake to think that postponing such tax increases would prevent their harmful effect on the economy today. The prospect of such tax rate increases in 2010 is already a drag on the economy. Businesses considering whether to hire workers today and expand their operations have time horizons longer than a year or two, so the prospect of higher taxes starting in 2009 or 2010 reduces hiring and investment in 2008.

In sum, Barack Obama's economic proposals are wrong for the American economy. They defy both economic reason and economic experience.

Robert Barro, Harvard University
Gary Becker, University of Chicago
Sanjai Bhagat, University of Colorado
Michael Block, University of Arizona
Brock Blomberg, Claremont-McKenna University
Michael Bordo, Rutgers University
Michael Boskin, Stanford University
Ike Brannon, McCain-Palin 2008
James Buchanan, George Mason University
Todd Buchholtz, Two Oceans Fund
Charles Calomiris, Columbia University
Jim Carter, Vienna VA
Barry Chiswick, University of Illinois at Chicago
John Cogan, Hoover Institution
Kathleen Cooper, Southern Methodist University
Ted Covey, McLean VA
Dan Crippen, former CBO Director
Mario Crucini, Vanderbilt
Steve Davis, University of Chicago
Christopher DeMuth, American Enterprise Institute
William Dewald, Ohio State University
Frank Diebold, University of Pennsylvania
Isaac Ehrlich, State University of New York at Buffalo
Paul Evans, Ohio State University
Dan Feenberg, NBER
Martin Feldstein, Harvard University
Eric Fisher, California Polytechnic State University
Kristin Forbes, MIT
Timothy Fuerst, Bowling Green State University
Diana Furchtgott-Roth, Hudson Institute
Paul Gregory, University of Houston
Earl Grinols, Baylor University
Rik Hafer, Southern Illinois University Edwardsville
Gary Hansen, UCLA
Eric Hanushek, Hoover Institutions
Kevin Hassett, American Enterprise Institute
Arlene Holen, Technology Policy Institute
Douglas Holtz-Eakin, McCain-Palin 2008
Glenn Hubbard, Columbia University
Owen Irvine, Michigan State University
Mike Jensen, Harvard University
Steven Kaplan, University of Chicago
Robert King, Boston University
Meir Kohn, Dartmouth
Marvin Kosters, American Enterprise Institute
Anne Krueger, Johns Hopkins University
Phil Levy, American Enterprise Institute
Larry Lindsey, The Lindsey Group
Paul W. MacAvoy. Yale University
John Makin, American Enterprise Institute
Burton Malkiel, Princeton University
Bennett McCallum, Carnegie-Mellon University
Paul McCracken, University of Michigan
Will Melick, Kenyon College
Allan Meltzer, Carnegie-Mellon University
Enrique Mendoza, University of Maryland
Jim Miller, George Mason University
Michael Moore, George Washington University
Robert Mundell, Columbia University
Tim Muris, George Mason University
Kevin Murphy, University of Chicago
Richard Muth, Emory University
Charles Nelson, University of Washington
Bill Niskanen, Cato Institute
June O'Neill, Baruch College, CUNY
Lydia Ortega, San Jose State University
Steve Parente, University of Minnesota
William Poole, University of Delaware
Michael Porter, Harvard University
Barry Poulson, University of Colorado, Boulder
Edward Prescott, Arizona State University
Kenneth Rogoff, Harvard University
Richard Roll, UCLA
Harvey Rosen, Princeton University
Robert Rossana, Wayne State University
Mark Rush, University of Florida
Tom Saving, Texas A&M University
Anna Schwartz, NBER
George Shultz, Stanford University
Chester Spatt, Carnegie-Mellon University
David Spencer, Brigham Young University
Beryl Sprinkle, Former Chair Council of Economic Advisers
Houston Stokes, University of Illinois in Chicago
Robert Tamura, Clemson University
Jack Tatum, Indiana State University
John Taylor, Stanford University
Richard Vedder, Ohio University
William B. Walstad, University of Nebraska
Murray Weidenbaum, Washington University in St. Louis
Arnold Zellner, University of Chicago


SOme big name's from very well known Economic Programs here I believe there are 6 Nobel Peace Prize winners.

WHo was it that says "all the economist" back Obama's plan?

The people making 250k are the ones that took a chance and busted their [censored] to create jobs for people. If you don’t like what you do then you take a chance at creating jobs for other people. I own several small businesses and risked my [censored] and busted my [censored] to get where I’m at and if it comes down to it I will scale back and unfortunately give some people a "break".

Sometimes I think some people dont have a clue.

People have no idea how much you spend to provide health insurance, dental and all, yet most employees wont use it because they dont want to pay the freakin deductable even to get their teeth cleaned.

Somethings missing from that list--------

Tallgrasses name, hummmmmm, must be all uneducated idiots.

Personally... i don't make the 200,000 or 250,000 a year... so supposively Obama's plan will help me out...

HOWEVER... i do not like it.

Why should the people who have busted their @$$ all their life to get where they are...get a tax hike...while i get a tax cut.

It just doesn't make sense.

Some will say "oh, they have enough money, they can afford it". Which i think is a complete and ignorant statement. They worked hard for their money, same as you & i, so why rob from the rich to give to the poor?

The folks at the top end are already paying some 75% of the taxes. That sounds like me as though those who labor for a living have already gotten a huge tax break....asking for more is just whining.

There is a name for such systems. It is called socialism. It has never worked anywhere it has been attempted.

I hope he taxes the ever living carp out of the celebrities who have been endorsing him

You can stand looking up at the blue, blue sky and call it green. That, in no way makes it green. It only makes you an idiot.

Who's working for the middle class again?

Again, the car saleman pitch is what it is as someone already pointed out.

I wish McCain would hammer on the issue that we don't have a tax problem, we have a spending problem. But, I guess that's kind of hard to do when you vote "yah" to a 700bn bailout bill.

Yeah that whole ACORN protest and sue the banks to make more bad loans thing he did worked out really well. Did you know he was a lawyer for ACORN that sued Citibank? Obama has no fiscal credibility. He has a government solution for everything and supposedly will only tax the rich. Government is the least cost effective solution to a problem that man has ever devised.

That would probably be ok with them! If we get the economy back on track a little extra tax aint no big deal to me.

Now take me to the woodshead...