*Stay informed on what you are actually voting for in November!*
*2008 PRESIDENTIAL CANDIDATE COMPARISON* *TALKING POINTS*
Favors new drilling offshore US
*JOHN McCAIN* Yes
*BARAK OBAMA* No, but might consider
Will appoint judges who interpret the law not make it
*JOHN McCAIN* Yes
*BARAK OBAMA* No
Served in the US Armed Forces
*JOHN McCAIN* Yes
*BARAK OBAMA* No
Amount of time served in the US Senate
*JOHN McCAIN* 22 YEARS
*BARAK OBAMA* 143 DAYS
Will institute a socialized national health care plan
*JOHN McCAIN* No
*BARAK OBAMA* Yes
Supports abortion throughout the pregnancy
*JOHN McCAIN* No
*BARAK OBAMA* Yes
Would seek to pull troops out of Iraq immediately
*JOHN McCAIN* No
*BARAK OBAMA* Yes
Supports gun ownership rights
*JOHN McCAIN* Yes
*BARAK OBAMA* No
Proposed programs will mean a huge tax increase
*JOHN McCAIN* No
*BARAK OBAMA* Yes
Voted against making English the official language
*JOHN McCAIN* No
*BARAK OBAMA* Yes
Voted to give Social Security benefits to illegal aliens
*JOHN McCAIN* No
*BARAK OBAMA* Yes
*CAPITAL GAINS TAX*
MCCAIN
0% on home sales up to $500,000 per home (couples). McCain does not propose
any change in existing home sales income tax.
OBAMA
28% on profit from *ALL* home sales.
(/_How does this affect you?_/ If you sell your home and make a profit, you
will pay 28% of your gain on taxes. If you are heading toward retirement and
would like to down-size your home or move into a retirement community, 28%
of the money you make from your home will go to taxes. This proposal will
adversely affect the elderly who are counting on the income from their homes
as part of their retirement income.)
*DIVIDEND TAX*
MCCAIN
15% (no change)
OBAMA
39.6%
/(How will this affect you?/ If you have any money invested in stock market,
IRA, mutual funds, college funds, life insurance, retirement accounts, or
anything that pays or reinvests dividends, you will now be
paying=2 0nearly 40% of the money earned on taxes if Obama becomes
president. The experts predict that 'Higher tax rates on dividends and
capital gains would crash the stock market, yet do absolutely nothing to cut
the deficit.')
*INCOME TAX*
MCCAIN
(no changes)
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
OBAMA (reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
*INHERITANCE TAX*
MCCAIN
- 0% (No change, Bush repealed this tax) OBAMA
Restore the inheritance tax - Many families have lost businesses, farms,
ranches, and homes that have been in their families for generations because
they could not afford the inheritance tax. Those willing their assets to
loved ones will only lose them to these taxes.
*NEW TAXES PROPOSED BY OBAMA*
New government taxes proposed on homes that are more than 2400 square feet.
New gasoline taxes.
New taxes on natural resources consumption (heating gas, water,
electricity)
New taxes on retirement accounts.
New taxes to pay for socialized medicine.
*_You can verify the above at the following web sites_*:
http://money.cnn.com/news/specials/election/2008/index.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html%C2%A0
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/
Thursday, October 16, 2008
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