What will Obama supporters do if he loses to
Clinton even if he gets the majority of the
popular vote and she gets the nomination?
I can only think of the Clash song - White Riot
Will bedlam arise and anarchy destroy the
democratic party?
I hope
Unity preveils and No to McCain
No No No McCain!!!!
McCain becoming president would be the
worst situation
Stand together Democrats !!!! Rise up and
change 8 years of Republican mediocrity
Proposed changes in taxes after 2008 General election:
CAPITAL GAINS TAX
MCCAIN
15% (no change)
OBAMA
28%
CLINTON
24%
How does this affect you? If you sell your home and
make a profit, you will pay 28% of your gain on taxes.
If you are heading toward retirement and would like to
down-size your home or move into a retirement
community, 28% of the money you make from your home
will go to taxes. This proposal will adversely affect
the elderly who are counting on the income from their
homes as part of their retirement income.
DIVIDEND TAX
MCCAIN
15% (no change)
OBAMA
39.6%
CLINTON
39.6%
How will this affect you? If you have any money
invested in stock market, IRA, mutual funds, college
funds, life insurance, retirement accounts, or
anything that pays or reinvests dividends, you will
now be paying nearly 40% of the money earned on taxes
if Obama or Clinton become president. The experts
predict that "Higher tax rates on dividends and
capital gains would crash the stock market yet do
absolutely nothing to cut the deficit."
INCOME TAX
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
OBAMA
(reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
CLINTON
(reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
How does this affect you? No explanation needed. This
is pretty straight forward.
INHERITANCE TAX
MCCAIN
0%
(No change, Bush repealed this tax)
OBAMA
keep the inheritance tax
CLINTON
keep the inheritance tax
How does this affect you? Many families have lost
businesses, farms and ranches, and homes that have
been in their families for generations because they
could not afford the inheritance tax. Those willing
their assets to loved ones will not only lose them to
these taxes.
NEW TAXES BEING PROPOSED BY BOTH CLINTON AND OBAMA
* New government taxes proposed on homes that are more
than 2400 square feet
* New gasoline taxes (as if gas weren't high enough
already)
* New taxes on natural resources consumption (heating
gas, water, electricity)
* New taxes on retirement accounts
and last but not least....
* New taxes to pay for socialized m edicine so we can
receive the same level of medical care as other
third-world countries!!!
Can you afford Clinton or Obama? I can't!
In case you want more information on Obama's tax and
spend agenda:
If Sen. Barack Obama (D-IL) Could Enact All Of His
Campaign Proposals, Taxpayers Would Be Faced With
Financing $874.35 Billion In New Spending Over One
White House Term:
Updated February 14, 2008: Obama's National
Infrastructure Reinvestment Bank Will Cost $60 Billion
Over Ten Years; Equal To $6 Billion A Year And $24
Billion Over Four Years. Obama: "I'm proposing a
National Infrastructure Reinvestment Bank that will
invest $60 billion over ten years." (Sen. Barack
Obama, Remarks On Economic Policy, Janesville, WI,
2/13/08)
Obama's Health Care Plan Will Cost Up To $65 Billion A
Year; Equal To $260 Billion Over Four Years. "[Obama]
campaign officials estimated that the net cost of the
plan to the federal government would be $50 billion to
$65 billion a year, when fully phased in, and said the
revenues from rolling back the tax cuts were enough to
cover it." (Robin Toner and Patrick Healy, "Obama
Calls For Wider And Less Costly Health Care Coverage,"
The New York Times, 5/30/07)
Obama's Energy Plan Will Cost $150 Billion over 10
Years, Equal To $15 Billion Annually And $60 Billion
Over Four Years. "Obama will invest $150 billion over
10 years to advance the next generation of biofuels
and fuel infrastructure, accelerate the
commercialization of plug-in hybrids, promote
development of commercial-scale renewable energy,
invest in low-emissions coal plants, and begin the
transition to a new digital electricity grid." (Obama
For America, "The Blueprint For Change,"
www.barackobama.com ,
Accessed 1/14/08, p. 25)
Obama's Tax Plan Will Cost Approximately $85 Bil lion A
Year; Equal To $340 Billion Over Four Years.
"[Obama's] proposed tax cuts and credits, aimed at
workers earning $50,000 or less per year, would cost
the Treasury an estimated $85 billion annually."
(Margaret Talev, "Obama Proposes Tax Code Overhaul To
Help The Poor," McClatchy Newspapers, 9/19/07)
Obama's Plan Would Raise Taxes On Capital Gains And
Dividends, And On Carried Interest. Obama's tax plan
includes: "
ncreasing the highest bracket for
capital gains and dividends and closing the carried
interest loophole." (Obama For America, "Barack Obama:
Tax Fairness For The Middle Class," Fact Sheet,
www.barackobama.com
, Accessed 1/8/08)
Obama's Economic Stimulus Package Will Cost $75
Billion. "Barack Obama's economic plan will inject $75
billion of stimulus into the economy by getting money
in the form of tax cuts and direct spending dir ectly
to the people who need it most." (Obama For America,
"Barack Obama's Plan To Stimulate The Economy," Fact
Sheet, www.barackobama.com
, 1/13/08)
Obama's Early Education And K-12 Package Will Cost $18
Billion A Year; Equal To $72 Billion Over Four Years.
"Barack Obama's early education and K-12 plan package
costs about $18 billion per year." (Obama For America,
"Barack Obama's Plan For Lifetime Success Through
Education," Fact Sheet, www.barackobama.com
, 11/20/07, p. 15)
Obama's National Service Plan Will Cost $3.5 Billion A
Year; Equal To $14 Billion Over Four Years. "Barack
Obama's national service plan will cost about $3.5
billion per year when it is fully implemented." (Obama
For America, "Helping All Americans Serve Their
Country: Barack Obama's Plan For Universal Voluntary
Cit izen Service," Fact Sheet, www.barackobama.com
, 12/5/07)
Obama Will Increase Our Foreign Assistance Funding By
$25 Billion. "Obama will embrace the Millennium
Development Goal of cutting extreme poverty around the
world in half by 2015, and he will double our foreign
assistance to $50 billion to achieve that goal."
(Obama For America, "The Blueprint For Change,"
www.barackobama.com
, Accessed 1/14/08, p. 53)
Obama Will Provide $2 Billion To Aid Iraqi Refugees.
"He will provide at least $2 billion to expand
services to Iraqi refugees in neighboring countries,
and ensure that Iraqis inside their own country can
find a safe-haven." (Obama For America, "The Blueprint
For Change," www.barackobama.com
, Accessed 1/14/08, p. 51)
Obama Will Provide $1.5 Billion To Help States Adopt
Paid-Leave Systems. "As president, Obama will initiate
a strategy to encourage all 50 states to adopt
paid-leave systems. Obama will provide a $1.5 billion
fund to assist states with start-up costs and to help
states offset the costs for employees and employers."
(Obama For America, "The Blueprint For Change,"
www.barackobama.com
, Accessed 1/14/08, p. 15)
Obama Will Provide $1 Billion Over 5 Years For
Transitional Jobs And Career Pathway Programs, Equal
To $200 Million A Year And $800 Million Over Four
Years. "Obama will invest $1 billion over five years
in transitional jobs and career pathway programs that
implement proven methods of helping low-income
Americans succeed in the workforce." (Obama For
America, "The Blueprint For Change,"
www.barackobama.com
, Accessed 1/14/08, p. 42)
Obama Will Provide $50 Million To Jump-Start The
Creation Of An IAEA-Controlled Nuclear Fuel Bank.
Obama: "We must also stop the spread of nuclear
weapons technology and ensure that countries cannot
build -- or come to the brink of building -- a weapons
program under the auspices of developing peaceful
nuclear power. That is why my administration will
immediately provide $50 million to jump-start the
creation of an International Atomic Energy
Agency-controlled nuclear fuel bank and work to update
the Nuclear Nonproliferation Treaty." (Sen. Barack
Obama, "Renewing American Leadership," Foreign
Affairs, 7-8/07)