Barack Obama will Save You Money
Smear e-mails about Barack Obama have been floating around on the internet for some time. Every single one of them is made to play on upon people's fears and is false. One e-mail in particular is about taxes, titled, “Important Read, Taxes.” This e-mail was sent to www.factcheck.org (a non-partisan organization) who debunked its content, stating, “This widely distributed message is so full of misinformation that we find it impossible to believe that it is the result of simple ignorance or carelessness on the part of the writer. Almost nothing it says about Obama's tax proposals is true. We conclude that this deception is deliberate.”
So, what is Barack Obama's tax plan? He will roll back the Bush tax cuts for the wealthiest 5% and provide a tax cut to 150 million workers. Families earning less than $250,000 (individuals, $200,000) will see a substantial tax cut and only a marginal increase for those making between $250,000 and $600,000 (averaging $12). Those making over $600,000 will essentially return to the same rates they had during the Clinton administration. Seniors making less than $50,000 will not have to pay any federal taxes. His plan will also create a new universal mortgage interest credit that will benefit low and middle-income homeowners, and simplify tax filings so they can be done in less than 5 minutes.
In addition to lowering our taxes, Barack Obama will raise the minimum wage, beyond already planned increases; expand the Child and Dependent Care Tax Credit; remove some of the government penalties on married families; and offer students $4,000 per year of a college education in return for 100 hours of community service in a hospital, nursing home, shelter, veteran's center.
Barack Obama knows the struggles of working families trying to make it in tough times. He was raised by a single mom and his grandparents, and put himself through college on student loans. After law school, he could have taken a high-paying job on Wall Street, but became a community organizer to help the poor in neighborhoods in the South side of Chicago.
Most Republicans describe themselves as “Fiscal” Conservatives who will not raise our taxes and save the country money. Democrats are generally described as “Tax and Spend” Liberals. Here is some data that I think you'll find interesting. The only President in 28 years who left his successor with a $200 budget surplus was Bill Clinton. Ronald Reagan left the country with a $300 billion deficit; George Bush, Sr., a $200 billion deficit; and it is estimated that George Bush, Jr., will end his term with an astounding $428 billion deficit.
John McCain claims to be a maverick, but he has voted with Bush and Cheney 90% of the time in 2007 and 100% of the time in 2008. We can't afford for more years of the same failed policies which have left us struggling to pay our bills.
Barack Obama is offering the change in Washington that we need to put change back into our pockets.
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