Well I can see how you could think that about Obama but I can't agree due to his stupid fiscal policies. He touts so well about lowering the taxes on 95% and raising on the upper 5%. He talks about when the economy is straight only rolling back the bush tax cuts back to the Clinton era on top of that. He also talked about how he wants capital gains taxes significantly raised. It all sounds nice, but if you look into the costs it'll hurt US not that upper 5% the most.
On the capital gains tax, that's primarily on stocks. Thanks to this new age of Ameritrade, etc and the simple fact most companies go the 401K route via stock against the old days of a retirement package it's bad news. Every lower-middle and up person within a company that's not retail likely have 401ks tied to stock, so you'll end up paying a lot more on how the stock does each year, and grossly have more cut if you ever cash it out one day. The rolling back of the bush tax cuts is the one part he's factually fair on in that it mostly did apply not to business but people, and we had a good dollar on our paychecks then so that's mostly cool. The punishing the upper 5% though that's what'll screw us. The issue there is that if you raise say taxes 20% on the upper 5% to be 'fair' to socialistically redistribute wealth elsewhere is anyone that naive to think that the rich will tolerate it? No. How will it get handled? Easy...raise prices on food, clothing, utilities, other required needs, and wants. Obama refutes it saying he'll give a $1200 tax credit if I recall right. That's nice, but say if the price of bread now is $2/loaf, and to cover the 20% tax boost that loaf goes to $2.25. Now figure you buy a loaf a week (.25 higher x 52 weeks) and that's $13 more. Doesn't sound much, but if you buy say 10 food items a week (which is unrealistic) that's $130 more a year. Your food budget alone eats up a little more than 10% of your rebate. Now figure in your water, gas, electric, auto fuel, clothing, supplies... $1200 isn't going to cover crap. The rich again will get richer, and you thinking you got a tax break are paying MORE. Really smart idea he's got going there on 'fairness.' He can't legally force companies not to raise prices to offset the taxes so we get our asses kicked, not them.
That's why I don't like the chump because he has no damn clue how the system works and his tax breaks will be total household income CUTS for us and the rich will keep what they have or get more. That's totally blind and outright irresponsible. McCain though wants to keep the bush tax cuts mostly, cut some wasteful pork out of the system and shrink the bureaucracy, and with that cash saved wiggle in some more lower income people tax cuts. That's smart, you're not screwing those who can make you pay more, you're cutting the fat and redistributing it to those in need.
