Letter: The truth about candidate tax policies
To the Editor:
To the Editor:
John McCain is repeatedly running an ad that says Barack Obama's tax plan means "painful tax increases on working American families."
These are the facts: The Tax Policy Center examined both parties' plans and found that Obama would keep the tax cuts for those making less than $250,000 but do away with Bush's tax cuts for those making over $250,000.
For example, the Center said that "the bottom 20 percent of taxpayers, those with taxable income of roughly $19,000 per year or less, would see their taxes cut by an average of $567 under Obama's program and $21 under McCain's plan."
Taxpayers making between $37,600 and $66,400 would get $1,118 under Obama's plan and $325 under the McCain plan. The wealthiest 1 percent of Americans making over $600,000 or more would see their taxes go up under Obama's plan, but go down an average of $48,860 under McCain's plan.
Let's see, poor working Americans are struggling to pay their heating bills, put gas in their car and hold onto their jobs, but McCain thinks they deserve a $21 tax break, while giving the wealthiest Americans a $48,860 tax break.
Why is it that when Republicans vote to give those at the top a huge tax break, it's called "stimulating the economy" and not "welfare for the rich?"
These are the facts, but in desperation to win this election, McCain and Palin are repeatedly lying about Obama's tax cuts and other positions.
We have just lived through a president whose lies led us into an unnecessary war that is bankrupting our country and has cost the lives of thousands of people. Are we willing to elect another president who has so little respect for our intelligence that he thinks he can win an election by lying to us?