The Jaker

Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.

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Wednesday, August 27, 2008
Obama should win on the economy
Great NYT Magazine piece on Obama's economic viewpoint. Very well written, easy to read and understand, this is the kind of article I wish every voter was forced to read (and feel free to give us the corresponding one on McCain's economic values. That would be a laugh. Could you even get to 7 pages, or would it be done at "Cut taxes, because that's what Reagan says").

Per the piece, Obama will provide a MUCH BIGGER tax cut to the vast majority of Americans (everyone under $118k)

For the bottom 80 percent of the population — those households making $118,000 or less — McCain’s various tax cuts would mean a net savings of about $200 a year on average. Obama’s proposals would bring $900 a year in savings. So for most people, Obama is the tax cutter in this campaign.

This should be drilled into people somehow. Put it in many commercials. Say it in the debates.

And which of these sounds more appropriate:

McCain, by continuing the basic thrust of Bush’s tax policies and adding a few new wrinkles, would cut taxes for the top 0.1 percent of earners — those making an average of $9.1 million — by another $190,000 a year, on top of the Bush reductions. Obama would raise taxes on this top 0.1 percent by an average of $800,000 a year.... The bulk of Obama’s tax increases on the wealthy — about $500,000 of that $800,000 — would simply take away Bush’s tax cuts. The remaining $300,000 wouldn’t nearly reverse their pretax income gains in recent years.
posted by CB @ 1:16 PM  
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