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John McCain Celebrity Ad lies about Barack Obama's Tax Policy



John McCain created a new ad that distorts and flat out lies about Barack Obama's tax policies. This video will show you the truth. Factcheck.org



Obama Explains His Tax Cut Plans To Plumbing Business Owner



ABC Obama tells him, "It's not that I want to punish your success. I just want to make sure that everybody that is behind you, that they have a chance for success too." Obama claims that the majority of small businesses make less than $250000 a year, which is a flat out lie. One of Barack Obamas most potent campaign claims is that he'll cut taxes for no less than 95% of working families. He's even promising to cut taxes enough that the governments tax share of GDP will be no more than 18.2% — which is lower than it is today. Its a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that hes also proposing one of the largest tax increases ever on the other 5%. But how does he conjure this miracle, especially since more than a third of all Americans already pay no income taxes at all? There are several sleights of hand, but the most creative is to redefine the meaning of tax cut. For the Obama Democrats, a tax cut is no longer letting you keep more of what you earn. In their lexicon, a tax cut includes tens of billions of dollars in government handouts that are disguised by the phrase tax credit. Barack Obama is proposing to create or expand no fewer than seven such credits for individuals. If Barack Obamas goal as President is to spread the wealth around, perhaps his unconditional meetings with Hugo Chavez, Raul Castro, and Kim Jong-Il arent so crazy — if nothing else they can advise an Obama administration on economic policy. Why is Barack ...



John McCain On Taxing Rich People



From the Hardball College Tour, October 12, 2000: UNIDENTIFIED FEMALE: Hi. Since I've been studying politics, I've had this question that I've never fully understand. Why is it that someone like my father, who goes to school for 13 years, gets penalized in a huge tax bracket because he's a doctor? Why is that -- why does he have to pay higher taxes than everybody else, just because he makes more money? Why -- how is that fair? MATTHEWS: You mean... MCCAIN: I think your question -- questioning the fundamentals of a progressive tax system where people who make more money pay more in taxes than a flat, across-the-board percentage. I think it's to some degree because we feel, obviously, that wealthy people can afford more. We have over the years, beginning with John F. Kennedy, reduced some of those marginal tax rates to make them less onerous. But I believe that when you really look at the tax code today, 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 when you just look at the percentages. And I think middle-income Americans, working Americans, when the account and payroll taxes, sales taxes, mortgage pay -- all of the taxes that working Americans pay, I think they -- you would think that they also deserve significant relief, in my view... MATTHEWS: How many -- how many people here believe that the people who made the highest level of incomes in this country should pay a higher percentage ...




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