Recent McCain ads and Sarah Palin charges have really pushed the idea that Obama is to raise taxes on all Americans. Just look at this recent McCain ad that blatantly makes this false claim:
In reality, non-partisan FactCheck.org cited a recent report by Urban-Brookings Tax Policy Center that explained how Obama was NOT going to raise taxes on the middle-class.
Let’s look at the numbers through clips from the Urban-Brookings report:
The Obama plan would reduce taxes for low- and moderate-income families, but raise them significantly for high-bracket taxpayers (see Figure 2). By 2012, middle-income taxpayers would see their after-tax income rise by about 5 percent, or nearly $2,200 annually. Those in the top 1 percent would face a $19,000 average tax increase—a 1.5 percent reduction in after-tax income.
McCain would lift after-tax incomes an average of about 3 percent, or $1,400 annually, for middle-income taxpayers by 2012. But, in sharp contrast to Obama, he would cut taxes for those in the top 1% by more than $125,000, raising their after-tax income an average 9.5 percent.
So the question is, do we want more money in our pocket? Republicans are trying to make the case that McCain will help you keep more of your hard earned money, however, unless you are ridiculously rich (not the typical target audience of this blog may I add), then you will actually see a larger tax cut with Obama.
It is important for Americans to spread the word, especially to their Republican friends who assume McCain/Palin will be better off handling their money. It might be a good idea to turn their heads from conservative fanatics such as this guy anyway:
IDHA Side Notes:
I apologize for the lack of activity lately. IDHA blogger DJ is unable to blog for a couple months due to his job. Since they are coming up, expect IDHA to increase coverage of local and national elections. Welcome IDHA friend Chad Larimer to the blogging arena. You can read Chad’s political and personal insights at A Day in the Life.
