Barack Obama and the Democrats
“Yes We Can”

Obama says he will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama claims he will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. In other words, give the IRS even more access to your private information than they already have, leaving you at the mercy of their tax collection thugs to tell you how much you owe. Big Brother get’s BIGGER.

• Barack Obama says he will increase investments in infrastructure, energy independence, education, and research and development; modernize and simplify our tax code so it provides greater opportunity and relief to more Americans. He likes to say the Bush tax cuts give those who earn over $1 million dollars a tax cut nearly 160 times greater than that received by middle-income Americans.
• Barack Obama says he will enact a windfall profits tax on oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. Where in the Constitution does it provide for taking money from one group of people (the rich) and giving it to another (the poor)?

According to the IRS…

Looking at the HIGHEST income earners:
The top 1% of all tax filers paid 39.9% of all federal income tax.
The top 5% of all tax filers paid 60.1% of all federal income tax.
The top 10% of all filers paid 70.8% of all federal income tax.
The top 50% of all filers paid 96.9% of all federal income tax.

Looking at the LOWEST income earners:
The bottom half (50%) of all tax filers paid only 3% of all taxes.
The bottom 10% actually got back more than they paid in.

So, does Mr. Obama’s “tax relief for the poor,” mean that the bottom 50% should pay less than 3% of all federal taxes, or do he mean that the bottom 10% should make even more money from the tax system?

• Obama says he will create a new “Making Work Pay” tax credit of up to $500 per person, or $1,000 per working family. The “Making Work Pay” tax credit will completely eliminate income taxes for 10 million Americans.
• Barack Obama says he will eliminate all income taxation of seniors making less than $50,000 per year. This proposal will eliminate income taxes for 7 million seniors and provide these seniors with an average savings of $1,400 each year. Under the Obama plan, 27 million American seniors will also not need to file an income tax return.
• Mr. Obama says he will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama will also support small business owners by providing a $500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and he claims this measure will reduce the burdens of this double taxation.
• Barack Obama says he will reduce the burden on small businesses in our economy by offering a new Small Business Health Tax Credit to help small businesses provide quality health care to their employees. The Obama Small Business Health Tax Credit will provide a refundable credit of up to 50 percent on premiums paid by small businesses on behalf of their employees.

Read Obama’s Plan to Strengthen the Economy

John McCain and the Republicans
“Serve a Cause Greater than Self”

• John McCain says he will keep the top tax rate at 35 percent, maintain the 15 percent rates on dividends and capital gains, and phase-out the Alternative Minimum Tax.
• McCain says a lower corporate tax rate is essential to keeping good jobs in the United States and wants to cut the Corporate Tax Rate From 35 To 25 Percent.
• McCains want to allow First-Year Deduction, Or “Expensing”, Of Equipment And Technology Investments. (How is that any different than what we have now?)
• McCain says that by establishing a Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D will simplify the tax code. Huh?
• As President, John McCain says he will seek a permanent ban on Internet taxes and new cell phone taxes.

McCain’s position does sound pretty much like the status quo.

Read John McCain’s comprehensive economic plan

Neither of the two major candidates are addressing the underlying causes of our problems and neither Obama or McCain is proposing any real change to correct the problems. To John McCain’s credit, he does at least acknowledge the nexus between the value of the dollar and the price of oil, but doesn’t seem to provide any plan to address the declining value of the dollar and how it has added to the cost of imported oil. He just says it will change.

The National Debt:
We’re now paying $1.4 Billion a day to the interest on our national debt. Neither candidate has suggested a plan to reduce the national debt. In fact, both candidates would actually increase in the national debt. The burden of debt placed on the next generation is unjust and already threatening our economy and the value of our dollar. We must pay our bills as we go along and not unfairly place this burden on a future generation.

The Federal Reserve:
Neither candidate seems willing to take on the international banker special interests represented by the Federal Reserve. Neither candidates suggests an investigation, evaluation and audit of the Federal Reserve System and its cozy relationships with the banking, corporate, and other financial institutions. The arbitrary power to create money and credit out of thin air behind closed doors for the benefit of commercial interests must be ended. There should be no taxpayer bailouts of corporations and no corporate subsidies. Corporations should be aggressively prosecuted for their crimes and frauds.

John McCain’s website says “No taxpayer money should bail out real estate speculators or financial market participants who failed to perform due diligence in assessing credit risks.” Although McCain was not present for the voting on the approved Mortgage Bailout Bill that squarely puts the taxpayer in the position of bailing out real estate speculators and financial markets, McCain spokesman Taylor Griffin said in a statement that “relief for struggling homeowners is overdue.” Mr. Obama said the bill would help prevent hundreds of thousands of foreclosures and “provide critical support to communities that have been hard hit by the housing crisis.”

“Pretending that a true difference exists between the two major candidates is a charade of great proportion. Many who help to perpetuate this myth are frequently unaware of what they are doing and believe that significant differences actually do exist. Indeed, on small points there is the appearance of a difference. The real issues, however, are buried in a barrage of miscellaneous nonsense and endless pontifications by robotic pundits hired to perpetuate the myth of a campaign of substance. The truth is that our two-party system offers no real choice.

Those candidates who represent actual change or disagreement with the status quo are held in check by the two major parties in power, making it very difficult to compete in the pretend democratic process. This is done by making it difficult for third-party candidates to get on the ballots, enter into the debates, raise money, avoid being marginalized, or get fair or actual coverage.” - Ron Paul, Sept. 10, 2008

Two Sides of the Same Coin
John McCain and Barack Obama are not really all that different. They are just opposite sides of the same worn out coin that has changed America from the world’s greatest lender nation to the world’s greatest debtor nation. Both parties will continue to move America from its Constitutional sovereignty to just another puppet state of the New World Order. Both parties will continue to recklessly spend money while raising your taxes to pay for it. Both parties will continue to erode your Constitutional liberties and give government more control over your everyday activities. The opposite sides of the globalist coin only represents how we get there… either Socialism or Fascism.

Barack Obama’s Socialist plan of income redistribution
- or -
John McCain’s Fascist plan of corporatism.

The Lesser of Two Evils
If you’re one of those voters who believes that choosing the lesser of two evils is the right thing to do… well, you’ll get what you vote for.

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