Friday, September 26, 2008

Sharing an Email

I received this in an email and thought that it put things in perspective for us. I cannot take credit for it, but it sums up my thoughts quite concisely:
So you want "CHANGE"?
George Bush has been in office for 7 1/2 years. During the first six years,
the economy was fine.
A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) the unemployment rate was 4.5%.
4) the DOW JONES hit a record high--14,000 +
5) Americans were buying new cars, taking cruises, vacations overseas, and living large!...
But Americans wanted "CHANGE"!
So, in 2006, they voted in a Democratic Congress & yep--we got 'CHANGE' all
right.
In the PAST YEAR:
1) Consumer confidence has plummeted;
2) Gasoline is now approximately $4 a gallon; and still Speaker Of The House Nancy Pelosi & Senate Majority leader Harry Reed
will not allow a vote on more oil exploration in the USA.
3) Unemployment is up to 5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS & prices still dropping;
5) 1% of American homes are in foreclosure.
6) As I write this, the DOW is probing another low (11,100); $2.5 trillion dollars has evaporated from our collective investment portfolios!
In 2006 America voted for "change", and now Barack Obama wants to really, really give us "change"...I don't know how much more "CHANGE" I can stand...

2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS

Favors new drilling offshore US McCain - Yes Obama - No
Will appoint judges who interpret the law not make it McCain - Yes Obama - No
Served in the US Armed Forces McCain - Yes Obama - No
Amount of time served in the US Senate McCain - 22 Years Obama - 143 Days
Will institute a socialized national health care plan McCain - No Obama - Yes
Supports abortion throughout the pregnancy McCain - No Obama - Yes
Would pull troops out of Iraq immediately McCain - No Obama - Yes
Supports gun ownership rights McCain - Yes Obama - No
Supports homosexual marriage McCain - No Obama - Yes
Proposed programs will mean a huge tax increase McCain - No Obama - Yes
Voted to give Social Security benefits to illegal aliens McCain - No 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 nearly 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
Under Obama, your taxes could almost double!

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 (as if gas weren't high enough already) New taxes on natural resources consumption (heating gas, water, electricity) New taxes on retirement accounts, and last but not least....New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!

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://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/ http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
You are now informed with the facts! Pass these talking points on to everyone you know.

2 comments:

Metsfan8 said...

Don't forget about the corporate tax rate hike he's also vying for. Raising corporate taxes will push the unemployment rate up, push consumer prices up, which will only hurt business expansion in the U.S.
His policies are blurring the line between socialism and capitalism, and it is too dangerous to the generally stable American economy to vote this man in as president.

The Rambler said...

I could not agree with you more.