Will Senator McCain Propose Even More Tax Cuts for the Wealthy?

Discussion in 'Politics' started by KenH, Oct 12, 2008.

  1. KenH

    KenH
    Expand Collapse
    Active Member

    Joined:
    May 18, 2002
    Messages:
    32,485
    Likes Received:
    0
    ' Meanwhile, Sen. Lindsey Graham, R-S.C., said McCain was considering policy proposals that would cut taxes on investments.

    "I think it goes along the lines of now's the time to lower tax rates for investors, capital gains tax, dividend tax rates, to make sure that we can get the economy jump-started," Graham said on CBS' "Face the Nation." "It will be a very comprehensive approach to jump-start the economy by allowing capital to be formed easier in America by lowering taxes." '

    - http://hosted.ap.org/dynamic/stories/M/MCCAIN_ECONOMY?SITE=CAGRA&SECTION=HOME&TEMPLATE=DEFAULT

    Looking at this positively, if somehow Senator McCain becomes president I don't think that the beefed up Democratically-controlled Congress will go along with such nonsense.
     
  2. Bro. Curtis

    Bro. Curtis
    Expand Collapse
    <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,258
    Likes Received:
    4
    How does a nation tax it'self into prosperity ?

    I hope he cuts taxes for everyone, but it's doubtful any of us will be getting any tax breaks from anyone, soon.

    And Obama has gone back on plenty of his promises, already. Why do you trust him, so much ?

    Didn't both of them just take from the poor, and give it to the rich ?
     
  3. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    You basic premise is false.

    Most "investors" are not rich to begin with.

    It is also a proven fact that lower capital gains and dividend taxes boost the economy and benefit us all.

    Prosperity benefits everyone but the democrat party.
     
  4. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    Very true perspective except I would say that I appreciate Obama coming out and saying he can't deliver on everything. Honesty is rare in a politician.

    Ken,

    McCain has painted himself into a corner. He keeps doing these hail mary moves which scares a lot of people and adds weight to the Obama attack on being erratic.

    Here is his dilemma, the republican philosophy is not popular no matter how much they try to scare people saying things like, "taxing the rich will loose jobs". If McCain does what the masses desire he will turn off the ultra conservatives. If he does a strong republican move it will be said he is benefiting the rich and continuing Bush direction. How does he win.

    I guess we'll see when the new hail mary pass is in the air. I sure hope he can find a receiver because so far the Palin pick was the only pass caught. And it was fumbled before they got to the end zone.
     
  5. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
     
  6. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
     
  7. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,363
    Likes Received:
    790
    The idea that somehow other people deserve the money of wealthy people is evil and pure communist.
     
  8. Pastor Larry

    Pastor Larry
    Expand Collapse
    <b>Moderator</b>
    Moderator

    Joined:
    May 4, 2001
    Messages:
    21,763
    Likes Received:
    0
    The capital gains and dividends that I receive that I don't have to send back to the government get put back into the economy in terms of investment, giving companies capital to run their businesses. This is one of hte most basic issues of economics.
     
  9. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    Are you one of those filthy rich investors this thread is about, Pastor?
     
  10. North Carolina Tentmaker

    North Carolina Tentmaker
    Expand Collapse
    New Member

    Joined:
    Sep 19, 2003
    Messages:
    2,355
    Likes Received:
    0
    It is hard to understand how this is not self evident, but I will give it a try.

    When you purchase something who benefits? Lets say you make a major purchase like a house or car. You benefit, you get the new item. The salesman benefits, he gets a commission. All the people involved in building and providing the item benefit and their jobs continue. The state benefits through increased land or vehicle taxes. Your insurance agent gets a new policy and he benefits, whoever sells your old one benefits, the neighborhood kid who washes your car or cuts your grass gets a new customer and he benefits.

    With investments it is not much difference. The only real difference is that with investment dollars it almost always gets reinvested. If the government cuts the money they take out of investment income then invested income goes up. Every company, every stockholder and every community benefits.

    A better question to ask is:

    The answer of course is everyone.

    For the most part this is what Obama has proposed, he will cut individual taxes but raise company taxes. In the end we working stiffs still pay the price. You might take home more of your paycheck, but that paycheck will be smaller because your company has to pay more to the government. Your 401k, your stock plan if you have one, your investments, even in your home, they all suffer because the government takes and bigger and bigger slice before you ever get yours.

    Everyone hates that Social Security and Medicare take such a big bite out of our paychecks, but you only see half of what Social Security takes from you. The other half comes out before you get paid. Saying that your employer pays it does not change the fact that the direct result is lower pay for all of their employees.

    That is the kind of tax increases the democrats love. The American people pay more but because they never see the money they never realize it.
     
  11. TomVols

    TomVols
    Expand Collapse
    Administrator
    Administrator

    Joined:
    Oct 30, 2000
    Messages:
    11,170
    Likes Received:
    0
    Now Pastor Larry, you know better than to try to bring logic into politics around here. That just doesn't fly :laugh:
    Yes. He's like all these teachers who got a tax cut under President Bush. You know...the wealthy Americans Obama talks about? :laugh:
     
  12. LadyEagle

    LadyEagle
    Expand Collapse
    <b>Moderator</b> <img src =/israel.gif>
    Moderator

    Joined:
    Feb 7, 2002
    Messages:
    22,028
    Likes Received:
    1
    Yep. Redistribution of wealth.
     
  13. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    :applause:

    Your brief explanation is clear and concise.

    But I don't expect it will matter at all to those who are so willfully ignorant or just blinded to the truth by their ideology.
     
  14. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,363
    Likes Received:
    790
    More tax cuts and less government welfare is what is constitutional.
     
  15. Bro. Curtis

    Bro. Curtis
    Expand Collapse
    <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,258
    Likes Received:
    4
    Only a liberal could turn a broken campaign promise into a positive.
     
  16. billwald

    billwald
    Expand Collapse
    Banned

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    0
    >The capital gains and dividends that I receive that I don't have to send back to the government get put back into the economy in terms of investment, giving companies capital to run their businesses.

    "In terms of investment????" Doesn't compute!!!!! Only the initial stock offering goes to the company. When you buy on the stock market NONE of the money is put back in the economy. You have purchased part of a company, that's all.

    Working people pay a graduated tax on everything the earn and spend at least 80% of their net just to stay alive. Rich people pay a flat 15% on what they spend and spend maybe 15% of their annual increase.

    And don't tell me how hard the rich people work. Wannabe rich people work hard. Most rich people have inherited money. Bill Gates . . . paper profits until he sells stocks and no evidence he ever wrote a line of commercial code.
     
  17. Bible-boy

    Bible-boy
    Expand Collapse
    New Member

    Joined:
    Sep 1, 2002
    Messages:
    4,254
    Likes Received:
    0
    In answer to the question in the OP title:

    Hopefully! :thumbs: :wavey:
     
  18. LeBuick

    LeBuick
    Expand Collapse
    New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    Because it's positive to have an candidate be honest about their plans.

    Did you guys read Obama's new proposals today? He even gave McCain credit for one. Now when was the last time you say one candidate give the other credit for a good idea? Maybe it urks you to see him practice a new type of politics, perhaps you like the old lies and smoke and mirrors but I for one am impressed. First he was honest enough to say his plans will have to be cut now he has some proposals that even you should be happy with. Less taxes.

    That $3K for adding new jobs should eliminate the notion that his tax increases will eliminate jobs. He is saying he will give you the tax as cash if you add the job.
     
  19. Bro. Curtis

    Bro. Curtis
    Expand Collapse
    <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,258
    Likes Received:
    4
    A better way to be honest is to not promise things you have no intention of delivering.

    You remind me of the way the media loved Clinton's lies.
     
  20. LadyEagle

    LadyEagle
    Expand Collapse
    <b>Moderator</b> <img src =/israel.gif>
    Moderator

    Joined:
    Feb 7, 2002
    Messages:
    22,028
    Likes Received:
    1
    Ears tickled. Not buying. Sounds like a used car salesman. (no offense to used car salesmen on the board).
     

Share This Page

Loading...