Will Obama Raise Taxes on Working Class Americans? - Proof Please.

Well I've asked a few times and it has become clear that the Republicans don't want to talk about McCain. Which sucks because he's so lovable

So let me ask the question then because I hear Republican and McCain campaign operatives constantly saying over and over again that Barack Obama will "raise taxes on working class Americans".

But Barack and company have stated that's not true. So is there any proof that it says anywhere in Baracks economic plan that he will raise taxes on working class Americans or is it a lie... err... less than truth.

 

If he lets the Bush tax cuts expire, then he will raise taxes on the working middle class. He has already stated that he will let them expire. Do I need to prove this?

When he closes loopholes and or raises taxes on big business, the businesses will remain true to their stockholders and adjust prices to maintain their 7.1 - 7.5% profit margin. Working Class Americans will then pay the price increase. Would you call that a tax? Do I need to document Obama's statements concerning these tax hikes?

 

There are a lot of morons in America. There are a lot of stupid blumbers who would never get rich, but they worry about the taxes for the rich.
Republicans almost never worry for the working class americans, and yet many of those workers vote republican out of stupidity believing republicans will make their lives better.
Well how many of the employers really care about their employees? Some do, but most are interested in giving as little as possible and taking as much as possible.

Republicans do manage to trick the working class American to vote for them.

Remember how Bush Sr. how brought the country to recession? Now you see it for yourself what his son did to America.
Many cons can't handle the truth and start making up stuff that never existed, just to cover up the mess their leaders have created.
Now I bet they'll say it is not Bush fault for this financial catastrophy.
Most likely though no one of them will reply to your thread, because they are well aware who's fault is.

 

I think he was asking, "Will Obama Raise Taxes on Working Class Americans?" Were you trying to answer the question or is that just another slam on Republicans?

Looks like another thread that stayed on topic for one reply.

 

That's true jazz and I think everyone knows this. The American citizens that work will get hit hard with the new socialist government.

 

Don't the Bush tax cuts expire in 2010?

2009 looks very good for Obama and the poor. Bush tax cuts will not have changed yet and the "trickle down" effect of those taxes on big business will never appear on that chart.

 

Yes, unfortunately for you, that is what I'm asking.

And no I would not call that a tax because you are not an economic scholar and I frankly can't take your word for it. Furthermore, I asked if Barack was going to raise taxes on the middle class not for your crystal ball predictions where you try to spin it as a tax.

Does Barack Obama's economic policy contain any language that will raise taxes on the middle class? Or did the McCain campaign simply make that up? If so it is OK to admit it. They lost the moral high ground in their campaigning a long time ago.

So repealing the Bush tax cuts for the wealthy is a tax increase for the middle class? Even though the tax "increase" is clearly for the wealthy?

It looks like you realized that sounded ridiculous so you then went on to try to explain how it will trickle down?

 

Yeah, I assume the "after tax income in 2009" means after 2009

edit and lol I wouldn't call them poor.

 

I'm sorry I just have to ask. Do you even know what socialism is?

 

Source Which is why a joint statement from 100 leading economists, including five Nobel laureates, declares that Obama's plans “defy both economic reason and economic experience.”

 

You know George, it's very seldom easy to have a conversation with you. Please let me try to sound "ridiculous" for you just one more time.

When Bush implemented the tax cuts, I got a tax break. I'm not wealthy. I didn't realize that those tax cuts were only for the wealthy. I guess someone forgot to tell my employer not to give me extra money all these years. I know this might sound "ridiculous", but I'm thinking if my taxes went down before, they will probably go up when they expire.

I also understand that the increased tax on Big Business will be passed to every purchaser of their product or service. I understand how it is not a tax in the classic sense, but you and I will nevertheless pay that tax. How does "trickle down" not apply here?

 

Now we're getting somewhere. They say:

So they are saying Obama has no plans to cut taxes on the middle class and that all he's going to do is refund social security taxes.

I think that's what the McCain campaign is clinging to. So I need proof that that is true.

Got any?

 

No, I don't think so.

Are you tring to say that "in 2009" means "after 2009"? Hell, it's your chart. You should know what it means.

My guess is that tax changes that will occur in 2010 will not appear in a chart that is labeled "after tax income in 2009".

 

Which is why a joint statement from 100 leading economists, including five Nobel laureates, declares that Obama's plans “defy both economic reason and economic experience.”

 

homebiz I can go grab links from sources just as respectable refuting those statements.

Wanna link battle? I'd love to

But not in this thread. I asked a simple question, does Obama plan to increase taxes on the working class.

Stay on topic.

 

"after tax income in 2009" I am pretty sure it means after 2009.

This is how I read it. "After the the tax income in 2009, we will do this..."

It's like when your with your friends, "After the movie, we will get something to eat..."

 

Yes it does.

 

Your chart proves nothing since neither of these plans are working plans in action.

I do have to say that I understand though why some people think Obama's plan will screw the very people he is trying to help. We have to base results solely on what the candidates tell us at this point and from what he describes, taking away from the uber rich is only going to hurt the poor.

I work at a dental lab. The owner of the dental lab would definitely be someone who would be in the 5% of Obama's plan who would have to pay more taxes. He drives a fancy car, owns a multimillion dollar house, and let's his wife spend, spend, spend. Now, imagine if he didn't have as much disposable income because he's paying more in taxes. Do you really think he's going to do his "patriotic duty" and take a hit on his profit???? HELL NO!!
He's going to pass that on to the little people like me. He will deny me raises, cut my benefits, or even lay people off to keep his salary and profit margin intact.

That's the flaw in Obama's plan. They expect people to take the higher taxes as doing their duty for the country, but what they don't realize is that we live in some of the most greedy times ever. EVERYONE, including the rich, feel they are entitled to everything they can get their greedy little hands on. If you cut into their profit margin, they will find a way to pass that on to us.
Raise our prices on goods, cut our pay, cut our benefits, not hire as many employees, lay off employees, etc. so they can keep the lifestyle they have now.....

 

Let's try a little common sense here.

Both of these guys have promised far more than they can deliver.

How many people make the big bucks?

The tax base at the top of the scale is not wide enough to support the proposed spending.

Yes your disposable income is going down. This may be in the form of higher taxes or increased costs due to the pass along effect of the corporations paying more.

Not all taxes are called taxes.

Use your common sense.