Obama and McCain Tax Proposals
- Thread starter dn0121
- Start date
"From a tax policy perspective, the approaches of the two candidates are vastly different. Senator Obama emphasizes who gets what, and Senator McCain focuses on economic growth and broadly reshaping how the tax system affects household and business decisions. To put it differently, one focuses on redistribution and the other focuses on improving economic incentives. Also, focusing on who gets what is, by its very nature, more near-term, while promoting economic growth is more long-term.
One cannot get a good picture of what the candidates are trying to achieve by considering only the individual tax or the business tax provisions. One needs to apply a more holistic approach and consider the full set of proposals. Senator Obama provides tax relief directly to individuals, without major changes in how the tax system interacts with or affects individual and business decision making. Senator McCain provides broad tax relief and channels most of it to businesses, with the notion that the best way to help workers is to encourage investment and ensure that the U.S. remains competitive in the global marketplace. The policies present very different choices: redistribution versus economic growth, and short run versus long term." Quote from:
The Tax Foundation - Senator McCain’s and Senator Obama’s Tax Plans: Different Roads Taken
To me the business growth approach is more feasible, no bandaids on todays problems and if they need to it would be easier to adjust the numbers later as the economy changes.
One cannot get a good picture of what the candidates are trying to achieve by considering only the individual tax or the business tax provisions. One needs to apply a more holistic approach and consider the full set of proposals. Senator Obama provides tax relief directly to individuals, without major changes in how the tax system interacts with or affects individual and business decision making. Senator McCain provides broad tax relief and channels most of it to businesses, with the notion that the best way to help workers is to encourage investment and ensure that the U.S. remains competitive in the global marketplace. The policies present very different choices: redistribution versus economic growth, and short run versus long term." Quote from:
The Tax Foundation - Senator McCain’s and Senator Obama’s Tax Plans: Different Roads Taken
To me the business growth approach is more feasible, no bandaids on todays problems and if they need to it would be easier to adjust the numbers later as the economy changes.
But...but...but...why should you be REWARDED for working harder and getting more education than the fry cooker at Mickey Dee's? Geesh, how unsocialist of you.
Amen, brother. I pay more than my fair share of taxes and if you're going try to take that much from me, I can find a country that won't.
SamSpade
Well-Known Member
And the net result for the government is that they get NONE of your money.
This kind of thinking is killing the golden goose to get all of the golden eggs. It's shortsighted and stupid.