Why so little discussion of McCain's economic plan?

[RichardE]

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

One thing about tax cuts that might be surprising to all of you against them...

Historically when taxes are cut, tax revenue goes up.
When taxes are raised, tax revenue has gone down.

With a weak middle class your country will fail. Simple as that.

 

[Drift3r]

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

One thing about tax cuts that might be surprising to all of you against them...

Historically when taxes are cut, tax revenue goes up.
When taxes are raised, tax revenue has gone down.

You mean he want's give another 700 billion dollar bail out to failing banks and their CEO's !?! /boggle

 

[Atomic Playboy]

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

If this is the new talking point of the McCain campaign, they need to rethink their strategy. Obama's plan results in lower taxes for over 95% of taxpayers. I don't think coming out and saying "95% of you hardly work! Vote for me!" is really a winning move. But I've heard he's a maverick...

 

[miketheidiot]

Originally posted by: winnar111

Originally posted by: Xavier434

Originally posted by: T2T III

Originally posted by: winnar111What is a 'loophole', why didn't Clinton close them, and why do you think Democrats in Congress are somehow smarter than millions of tax accountants across the nation?

I'm fully in agreement. There's no way the Democrats will be able to close all of the loopholes. As soon as one leak is plugged, a new one will develop.

I guess if there is no way to plug the loopholes then the only answer is to keep adding more taxes then...

Except we collected more taxes in 2007 as a % of GDP than we did in the 50s thru 70s with those higher taxes.....

thats because in the 50-70's there were *lots* of loopholes and top income earners earn a drastically larger share of incomes now.

 

[SP33Demon]

Originally posted by: Atomic Playboy

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

If this is the new talking point of the McCain campaign, they need to rethink their strategy. Obama's plan results in lower taxes for over 95% of taxpayers. I don't think coming out and saying "95% of you hardly work! Vote for me!" is really a winning move. But I've heard he's a maverick...

No need to even reply to that rigamarole, Atomic. It's obvious he's a walking, posting part of Fox News television.

 

[quest55720]

Originally posted by: Atomic Playboy

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

If this is the new talking point of the McCain campaign, they need to rethink their strategy. Obama's plan results in lower taxes for over 95% of taxpayers. I don't think coming out and saying "95% of you hardly work! Vote for me!" is really a winning move. But I've heard he's a maverick...

When he breaks that promise will he take him to task over it? He will either have to break his promise on taxes or his trillion dollars in new social spending. No way he can do both so which promise will he break?

When the bush tax cuts expire and those of us with out kids get killed under the Obama tax credit system I can't wait to say I told you so. Almost every one of the Obama tax credits are for people who are married or have kids. The single working class on up are going to get a nice tax hike under the Obama plan.

 

[ayabe]

Originally posted by: quest55720

Originally posted by: Atomic Playboy

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

If this is the new talking point of the McCain campaign, they need to rethink their strategy. Obama's plan results in lower taxes for over 95% of taxpayers. I don't think coming out and saying "95% of you hardly work! Vote for me!" is really a winning move. But I've heard he's a maverick...

When he breaks that promise will he take him to task over it? He will either have to break his promise on taxes or his trillion dollars in new social spending. No way he can do both so which promise will he break?

When the bush tax cuts expire and those of us with out kids get killed under the Obama tax credit system I can't wait to say I told you so. Almost every one of the Obama tax credits are for people who are married or have kids. The single working class on up are going to get a nice tax hike under the Obama plan.

No sorry, you've been reading too many mailers.

The worst thing that will happen is your tax rate doesn't change

 

[Moonbeam]

Who is McCain?

 

[davestar]

Originally posted by: badnewcastle
Why so little discussion about anything in Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

One thing about tax cuts that might be surprising to all of you against them...

Historically when taxes are cut, tax revenue goes up.
When taxes are raised, tax revenue has gone down.

During the 2000 campaign, on MSNBC?s ?Hardball,? a young woman asked him why her father, a doctor, should be ?penalized? by being ?in a huge tax bracket.? McCain replied that ?wealthy people can afford more? and that ?the very wealthy, because they can afford tax lawyers and all kinds of loopholes, really don?t pay nearly as much as you think they do.? The exchange continued:

YOUNG WOMAN: Are we getting closer and closer to, like, socialism and stuff?. . .

MCCAIN: Here?s what I really believe: That when you reach a certain level of comfort, there?s nothing wrong with paying somewhat more.

Article

however, i'm not quite sure why i'm responding to you. many in this thread have already proven that you are either outright lying about obama's tax policy or, at the very least, you have no comprehension of marginal tax rate.

 

[badnewcastle]

I have done little or no research on the marginal tax plan, here is what I've been able to find the numbers I had before were retarded sorry for that.

Comparison of both tax plans...

 

[badnewcastle]

Originally posted by: badnewcastle
... Obama's past? How come nobody talks about his plans to make things more fair??? He wants to take money from people who worked really hard and give it to people who hardly work... hows that fair?

One thing about tax cuts that might be surprising to all of you against them...

Historically when taxes are cut, tax revenue goes up.
When taxes are raised, tax revenue has gone down.

Here are links regarding tax cuts and revenue...

Joint Economic Commitee (US Congress)

I will not disagree with anyone regarding spending and G-dub... who I think along with several GOP people in the congress and the house have spent way too much money and go against the ideals of republicans.

I think an increase in spending while cutting or raising taxes is bad regardless of who does it.

 

[davestar]

Originally posted by: badnewcastle
I have done little or no research on the marginal tax plan, here is what I've been able to find the numbers I had before were retarded sorry for that.

Comparison of both tax plans...

the fact that you use the phrase "the marginal tax plan" shows that you have no comprehension of tax policy as a whole.

marginal tax rate is not a plan. it is a number.

i'm honestly beginning to think that anyone who supports mccain's tax plan is either filthy rich or simply doesn't understand. even the mccain of 2000-2001 doesn't support mccain's tax plan.

 

[Fern]

Government spending freeze would be a disaster?

Limiting government spending to current levels (1) doesn't seem unpopular and (2) wouldn't cause a depresion etc.

I do approve of additional government spending on infrastucture in a recession/depression, but being realistic it won't start soon enough. It would only be passed in 2009 and likely not have any real effect until well after (bidding/planning/approving/lawsuits etc).

Fern

 

[Thump553]

Fern, in a recession or depression the economy is going down because individuals and/or businesses are unable to purchase as much. Very simplified, iff businesses don't get sales, they have to cut back-cut back on wages or layoffs causes workers to be able to buy less-drives business down-etc. etc.

Now I don't like excessive governmental spending any more than the next person, but it is precisely at these times of downturn that the federal government should step up to the plant and increase it's spending and it's demand, in order to turn things around.

McCain's freeze would make a recession worse, in all probability. It certainly wouldn't help under any stretch of the imagination. It's an appealling position philisophically but horrible in reality.

 

[Mursilis]

Originally posted by: Thump553
Fern, in a recession or depression the economy is going down because individuals and/or businesses are unable to purchase as much. Very simplified, iff businesses don't get sales, they have to cut back-cut back on wages or layoffs causes workers to be able to buy less-drives business down-etc. etc.

Now I don't like excessive governmental spending any more than the next person, but it is precisely at these times of downturn that the federal government should step up to the plant and increase it's spending and it's demand, in order to turn things around.

McCain's freeze would make a recession worse, in all probability. It certainly wouldn't help under any stretch of the imagination. It's an appealling position philisophically but horrible in reality.

So, out of curiosity, what are the economic effects in your view of further growth of the public debt? Can't imagine that would be good for the economy either.

 

[OneOfTheseDays]

We need to slash our defense budget in half IMHO. So much waste.

 

[Vic]

Originally posted by: Thump553
This thread is a pretty good snapshot of why McCain will almost certainly lose the election. The original topic posed was to discuss McCAIN's economy policy, and I tried to present a fair summary of what that is.

The GOP/McCain supporters postings are along the line of why isn't Obama's past associates discussed (like it hasn't already been done ad nauseum) or attacks on Obama's economic plan, as they distort it.

The Obama supporters pretty much also discuss Obama's plan, usually defending it.

About the only comment on McCain's economic plan was this rather telling one:

Back to McCain's economic plan. Oh wait, there isn't one

In a nutshell, the reasons McCain shall lose are (a) he is unsuccessful at articulating any positive specific plan for the direction he wants to lead this country and (b) McCain's strategy is essentially limited to attacks on his opponent.

Electioneering for Dummies basic rule (made up by me)-to run a successful campaign, you have to show the voters why they should vote for you. Corollary rule: Demonizing your opponent is useful for sharping the distinction between you, but will not WIN elections on its own.

I am still interested if anyone thinks McCain's spending freeze is a good idea. I still think it would be horrendous.

QFT

(except that I don't think McCain could possibly implement any kind of spending freeze given all his other campaign promises, like his $300 billion mortgage bailout, so it's pointless anyway, kind of like his promises to cut taxes AND balance the budget in his 1st term).

 

[Fern]

Originally posted by: Thump553
Fern, in a recession or depression the economy is going down because individuals and/or businesses are unable to purchase as much. -snip-

Yah, I'm familiar with all that. But IMO, government spending left at current levels wouldn't cause a depresion etc. If you had said reducing gov spenidng, I'd be inclined to agree with you. Again, I would support increased spending on such things as infrastructure (we need it anyway).

I don't see McCain's plan as, nor any prospect of, a reduction in gov spending (unless it's a scaleback due to troop withdrawal in Iraq. And I don't see that as a problem either, when they get backover here we'll have another +100,000 consumers in our US market (instead of Iraq's).

Fern

 

[T2T III]

Originally posted by: OneOfTheseDays
We need to slash our defense budget in half IMHO. So much waste.

Are you crazy? Now, North Korea is threatening South Korea (again) amongst many other world conflicts. Sure, we can't solve all of them, but we need a strong defense. We just can't sit there and be like the French.

 

[Xavier434]

Originally posted by: T2T III

Originally posted by: OneOfTheseDays
We need to slash our defense budget in half IMHO. So much waste.

Are you crazy? Now, North Korea is threatening South Korea (again) amongst many other world conflicts. Sure, we can't solve all of them, but we need a strong defense. We just can't sit there and be like the French.

How about we slash the offensive parts and keep the defensive?

 

[sportage]

Here's a site you might find useful

Figure your tax cut?