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by sofakingdabest from Cleveland

Last Post 63 days, 8 hours Ago


Canidates Tax Cut Update
Sep 23, 2008 | 1:49 PM
Category: Political
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From my Kiplinger newsletter:

"McCain’s big tax cuts would be a hard sell. His plan to extend Bush’s cuts and add more would cost $627 billion over 10 years. Even if it spurred the economy and brought in more revenue, there would be a lag and the deficit would still rise. McCain’s plans to rein in spending...freezing domestic programs at current levels and ending earmarks...would save only $20 billion a year, barely denting the deficit."

"Obama wouldn’t fare much better. His tax hike on upper-incomers, along with cuts for most others, would add $595 billion in revenue over 10 years. But that wouldn’t go far in fulfilling his promises to spend $15 billion more a year on alternative energy, $18 billion on education and $100 billion on health care. Also at risk: More funding to rebuild the armed forces, expand job training, shore up Medicaid, lend more to small businesses and boost science research."

4 Comments |  Add a Comment

Member Comments Total Comments: 4
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SillyMcFunny read my blog
Sep 23, 2008 | 2:25 PM

You said "hard" and "extend"
girlscout read my blog view my photos
Sep 23, 2008 | 3:15 PM

So...in other words, both candidates are full of "hot air"...
sofakingdabest read my blog view my photos
Sep 23, 2008 | 3:24 PM

Huh huh huh huh

Heh heh heh heh
mommiegrandma read my blog view my photos
Sep 23, 2008 | 9:21 PM

and end the $10 billion a day spending in Iraq,and that would make a big dent.
Page 1 of 1


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sofakingdabest

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