25 Reasons Why John Sidney McCain III Sucks

[spikNspan]

LOL, here we go again.


And it's not about what he has done, but what he will do.

[RJF]

Originally Posted by spikNspan

And it's not about what he has done, but what he will do.

Raise taxes and kill the economy....nice plan for the future.


Explain to me exactly what he is going to do?

[Matej]

Originally Posted by RJF

Raise taxes and kill the economy....nice plan for the future.


Explain to me exactly what he is going to do?

INCOME TAX

Overall Strategy
OBAMA: progressive taxation, tax poor/middle classes less and upper class more, stop wasting billions in Iraq
MCCAIN: flat taxation - leave tax cuts for upper class, then eventually move towards taxing all taxpayers at same rate, keep wasting billions in Iraq
Drac: Progressive taxation is simply more reasonable than flat taxation. Obama's plan will generate more tax revenue and support a more equitable distribution of wealth. McCain's revenue reducing tax policy contrasts with his promise to stay in Iraq as long as he's willing to produce intelligence which states there are a few people running around Iraq calling themselves al Qaeda. How can he reconcile these dogmatic approaches? Obamas plan just makes more sense (not that it is the perfect plan, just that it's better than McCains which isnt saying much at all).

Specifics:

under $75k
OBAMA: cut taxes
MCAIN: same
Drac: cutting taxes for those who's taxes represent the highest % of disposable income currently makes better sense than not doing so. Positively effects millions of lives while not costing the gov't much revenue.

$75k-$250k
OBAMA: same
MCCAIN: same
Drac: candidates agree

$250k+
OBAMA: raise by 3%
MCCAIN: same
Drac: raising more tax revenue by raising the tax rate on the wealthiest 1% of americans by 3% is a good idea.

SENIOR CITIZENS <$50k
OBAMA: eliminate taxes
MCCAIN: same
Drac: Drac: eliminating taxes for the elderly frees up their money and takes financial burden from families who have to support their aging relatives.

PAYROLL TAX
OBAMA: eliminate cap for those making over $250k per year, provide $500/$1000 credits to reduce payroll tax liability
MCCAIN: same
Drac: raising the cap will have negative consequences on the people making over $250k (about 1% of workers), but it will increase tax revenue. this is necessary to provide the tax credits to effectively lower payroll tax liability of most americans.

CAPITAL GAINS TAX
OBAMA: 20%
MCCAIN: 15%
Drac: We are currently on the left side of the laffer curve, and studies show raising capital gains tax to 20% would increase revenue without discouraging investment. Ignoring this is a bad idea, especially given McCain's desire to continue wasteful spending while siumultaneosly reducing tax revenue, particularly the wasteful Iraq war he seeks to prolong indefinitely. By raising the tax back to 20% some studies estimate that an additional $100 billion in revenue could be generated for the federal government without reducing investment.

SPENDING CUTS
While Obama and McCain both propose their fair share of spending cuts, and Obama has more spending planned than McCain domestically, these facts are overshadowed because McCain wants to continue spending billions on the Iraq war and wishes to increase military spending to continue expanding the war on terror. As far as offering a balanced approach to budgeting Obama is clearly the more desirable candidate.

[RJF]

How about BHO's plans to raise Capital Gains taxes? And Corporate taxes?

Who do you think creates jobs? If I were a corporation, I would outsource jobs overseas and incorporate my company in Bermuda to avoid those higher taxes.

His plans are going to cost jobs.

[Omarius Maximus]

Originally Posted by RJF

How about BHO's plans to raise Capital Gains taxes? And Corporate taxes?

Who do you think creates jobs? If I were a corporation, I would outsource jobs overseas and incorporate my company in Bermuda to avoid those higher taxes.

His plans are going to cost jobs.

Sorry dude, it's hard to take you seriously when you have that ridiculous sig. Looks like someone's been duped by Rethuglican talking points. It's the McCarthy/Red Scare era all over again.

[Agamemnon]

Originally Posted by Matej

support a more equitable distribution of wealth

And thats where I get off the Obama train.

[ronmcdon]

Originally Posted by Matej

SPENDING CUTS
While Obama and McCain both propose their fair share of spending cuts, and Obama has more spending planned than McCain domestically, these facts are overshadowed because McCain wants to continue spending billions on the Iraq war and wishes to increase military spending to continue expanding the war on terror. As far as offering a balanced approach to budgeting Obama is clearly the more desirable candidate.

what I find most uncomfortable about about Obama's spending, is that idea about free healthcare for everyone. regardless of whether or not you find that idea personally palatable, the fact remains that it's going to be extremely expensive if it flies. it's really a bit too ambitious, if not downright disastrous in this day and age.

About the war, I admit I do agree with Obama's stance a bit more. however, I don't think it's plausible we'll be pulling out of the Afghan mess anytime soon, regardless of whomever gets elected.

With regards to taxation, I'm not so sure there should be any further tax decreases period given the deficit we're in. I'm also a bit worried about increasing the taxes 8-11% for businesses making 25k-1mil. If that's on revenue, it could be a huge problem for those who don't even make a 10% profit margin. seriously, a company making even 1 mil profit, isn't all that big. I wish Obama would have just left that alone. with the economy struggling the way it's projected to be, that isn't going to be doing anyone favors.

That being said, I'll throw my vote for the Libertarian party. Where I live in CA, it's going D anyhow with the votes. I don't like McCain anymore than I like Obama, but I will say I'm very disappointed in McCain's performance. I would have much preferred that he put up a good fight instead of the farce that his campaign has become.

[Agamemnon]

Originally Posted by ronmcdon

what I find most uncomfortable about about Obama's spending, is that idea about free healthcare for everyone. regardless of whether or not you find that idea personally palatable, the fact remains that it's going to be extremely expensive if it flies. it's really a bit too ambitious, if not downright disastrous in this day and age.

About the war, I admit I do agree with Obama's stance a bit more. however, I don't think it's plausible we'll be pulling out of the Afghan mess anytime soon, regardless of whomever gets elected.

With regards to taxation, I'm not so sure there should be any further tax decreases period given the deficit we're in. I'm also a bit worried about increasing the taxes 8-11% for businesses making 25k-1mil. If that's on revenue, it could be a huge problem for those who don't even make a 10% profit margin. seriously, a company making even 1 mil profit, isn't all that big. I wish Obama would have just left that alone. with the economy struggling the way it's projected to be, that isn't going to be doing anyone favors.

That being said, I'll throw my vote for the Libertarian party. Where I live in CA, it's going D anyhow with the votes. I don't like McCain anymore than I like Obama, but I will say I'm very disappointed in McCain's performance. I would have much preferred that he put up a good fight instead of the farce that his campaign has become.

Well said good sir!

Obama's plan for the economy and how it relates to small business will be the straw that broke the donkey's(no pun intended) back.