disabled's Blog

This  was in community paper in which I live written by Micheal Beer who is a member of United for a Fair Economy.

He writes: I'm am aghast at the Bush asministration's giveaways to the wealthy, whether it's the brazen war profiteering in iraq, the protection of oil companies windfall profits, the crony capitalism in New Orleans reconstruction or the bailout of irresponsible lenders,but not foreclosed homeowners. As the Constitution and the Declaration of Independence say the purpose of government is to promote the general welfare and to protect our life,liberty and the pursuit of happiness- not to help the wealthy people and big corporations loot and pillage our common wealth.

President Bush revealed his true colors with his massive tax cuts to the rich,$477 billion to the richest 1% over this decade.I think thats immoral and I'm glad were are promised a change in values.So what is revealed by each canididates current tax proposals?

Questions ask- www.faireconomy.org Question1-who benefits and who loses under your tax proposal? McCain-The ultrarich,the top 0.1% whose annual incomes range $3million to hundreds of millions a year would pay an average of $1million less in taxes in 2009 under McCain. McCain would give them a tax cut and Obama would give them a tax increase.For middleclass Obama would give back $1000 on average to families making between $37,000 and $66,000 a year while McCain would give $319. Poor families making less that $19,000 and year would get and extra $19 a year from McCain, and Obama $567 as well as a $500 per person in the Earned Income Tax credit. Obama plan would repeal all of Bush's tax cuts to families making over $250,000 while McCain would make them permenent. Obama's plan would also increase taxes on investments to bring them closer to the levels of taxes on income from paychecks..

a recent USA Today /Gallop poll found that more voters rate Obama higher than McCain on "moral values" and far more think he would do a better job on the economy.

the government can't tell employers how much to pay, or investors where to invest, but it can adjust the tax code to stop the wealth transfer to the rich.

My comment-As part of the under $19,000 a year group Obama sounds like he is for the middle and poor class of people who make up the bulk of the populations and actually do the labor for the millionares of the world.They wouldn't be millionaries if it wasn't for people like me who do all the physical labor while they sit on their BLEEP counting all their money.