Today in America the wealthiest 1% owns more than everyone in the bottom 95% combined.
Income inequality is at its greatest level since the 1920s - right before the great depression. Though the US has continued to make big gains in productivity over the last decade, nearly all of the benefit of those gains has gone to the wealthy, not the workers.
American CEOs earned 411 times as much as average workers in 2005, up from 107 times in 1990.
In the economic expansion of 2002-2006, the top 1% captured nearly three quarters of income growth.
http://elsa.berkeley.edu/~saez/saez-USto pincomes-2006prel.pdf
These are the proposed tax plans for the two candidates.
You can see that McCain intends to further reduce the tax burden of the wealthiest Americans at the expense of the middle and lower income families.
Obama’s plan increases taxes on the wealthy, especially that top 1%, to the benefit of working americans - a first step in reversing the rich-get-richer trend and toward re-building a real middle class. In fact, Obama has offered to actually raise his own taxes for the benefit of the country as a whole. Where are you in this table?
……………… MCCAIN …………. OBAMAIncome ……. Avg tax bill ……. Avg. tax billOver $2.9M …. -$269,364 (-4.4%)… +$701,885 (+11.5%)$603K and up…. -$45,361 (-3.4%)… +$115,974 (+8.7%)$227K-$603K…… -$7,871 (-3.1%)…….. +$12 (+0.0%)$161K-$227K…… -$4,380 (-3.0%)….. -$2,789 (-1.9%)$112K-$161K…… -$2,614 (-2.5%)….. -$2,204 (-2.1%)$66K-$112K …… -$1,009 (-1.4%)….. -$1,290 (-1.8%)$38K-$66K …….. -$319 (-0.7%)….. -$1,042 (-2.4%)$19K-$38K …….. -$113 (-0.5%)……. -$892 (-3.6%)Under $19K ……… -$19 (-0.2%)……. -$567 (-5.5%)
http://money.cnn.com/2008/06/11/news/eco nomy/candidates_taxproposals_tpc/?postve rsion=2008061113
NATIONAL VOTER REGISTRATION WEEK IS September 15-19
Is the voter registration of every person in your house up to date? Does someone need to call the Registrar and be sure? Are all your friends, co-workers and neighbors registered?
If every Obama supporter were to get one new voter registered and that voter cast his or her vote for Obama, he would win by a mile
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