Obama: ‘Google, Facebook Would Not Exist’ Without Government Funding | CNSNews.com
"A government big enough to give you everything you need, is a government big enough to take everything you have."
Is that really the government you want?
We are going to replace Obama...but not just anyone from the GOP will do. RINOs need not apply!
Obama: ‘Google, Facebook Would Not Exist’ Without Government Funding | CNSNews.com
"A government big enough to give you everything you need, is a government big enough to take everything you have."
Is that really the government you want?
2000 Tax Tables | 2003 Tax Tables | 2004 Tax Tables | 2010 Tax Tables - (Bush Tax Cuts have Expired) | Increase with Obama Tax Increase* | |
Taxable Income | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
Tax: Single | $10,581 | $9,304 | $9,231 | $10,581 | $1,350 |
Tax: Married - Filing Joint | $8,293 | $6,796 | $6,781 | $8,293 | $1,512 |
Tax: Married - Filing Separate | $11,143 | $9,304 | $9,231 | $11,143 | $1,912 |
Tax: Head of Household | $9,424 | $8,189 | $8,094 | $9,424 | $1,330 |
2000 Tax Tables | 2003 Tax Tables | 2004 Tax Tables | 2010 Tax Tables - (Bush Tax Cuts have Expired) | Increase with Obama Tax Increase* | |
Taxable Income | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 |
Tax: Single | $17,923 | $15,739 | $15,620 | $17,923 | $2,303 |
Tax: Married - Filing Joint | $15,293 | $12,364 | $12,219 | $15,293 | $3,074 |
Tax: Married - Filing Separate | $18,803 | $16,083 | $15,972 | $18,803 | $2,831 |
Tax: Head of Household | $16,424 | $14,439 | $14,344 | $16,424 | $2,080 |
2000 Tax Tables | 2003 Tax Tables | 2004 Tax Tables | 2010 Tax Tables - (Bush Tax Cuts have Expired) | Increase with Obama Tax Increase* | |
Taxable Income | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
Tax: Single | $25,673 | $22,739 | $22,620 | $25,673 | $3,053 |
Tax: Married - Filing Joint | $22,293 | $18,614 | $18,469 | $22,293 | $3,824 |
Tax: Married - Filing Separate | $27,515 | $23,715 | $23,504 | $27,515 | $4,011 |
Tax: Head of Household | $23,699 | $20,741 | $20,594 | $23,699 | $3,015 |
A plan by Teresa Ghilarducci, professor of economic-policy analysis at the New School for Social Research in New York, contains elements that are being considered. She testified last week before Miller’s Education and Labor Committee on her proposal.
At that hearing, the director of the Congressional Budget Office, Peter Orszag, testified that some $2 trillion in retirement savings has been lost over the past 15 months.
Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.
The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.
“I want to stop the federal subsidy of 401(k)s,” Ghilarducci said in an interview. “401(k)s can continue to exist, but they won’t have the benefit of the subsidy of the tax break.”
A new Gallup Poll of likely voters has Democrat Barack Obama with a 49 percent to 47 percent lead over Arizona Sen. John McCain.
That puts McCain closer in the presidential race than other polls, which have Obama with leads of between 3 and 14 percentage points, according to Real Clear Politics.
McCain has sought in recent days to sharpen his economic message and questioning Obama’s ties to 1960s radical Bill Ayers. The Gallup poll was conducted among 2,100 likely voters.
http://www.bizjournals.com/phoenix/stories/2008/10/13/daily63.html
WASHINGTON - You won't find it in his campaign ads, but Barack Obama let slip his plans to become a modern-day Robin Hood in the White House, confiscating money from the rich to give to the poor.
The fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.
Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.
"Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.
After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."
"It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too.
Then, Obama explained his trickle-up theory of economics.
"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you spread the wealth around, it's good for everybody."
Critics said Obama let the cat out of the bag.
"It's clear that his main goal is redistribution of wealth, not growth," said Andy Roth with the anti-tax group Club for Growth. "He's perfectly happy to destroy wealth as long as he can redistribute it."
Obama has been meticulous, Roth said, to conceal the "socialistic" nature of his tax plans. "But every once in a while, he lets it slip," he said.
Republican candidate John McCain yesterday charged that Obama's comment was telling.
"This explains how Senator Obama can promise an income-tax cut for millions who aren't even paying income taxes right now," he said in Pennsylvania.
"My plan isn't intended to force small businesses to cut jobs to pay higher taxes so we can 'spread the wealth around.' My plan is intended to create jobs and increase the wealth of all Americans."
http://www.nypost.com/seven/10152008/news/politics/obama_fires_a_robin_hood_warning_shot_133685.htm