Compare/Contrast McCain and Obama's Economic Policies

The following are not the opinions, statements or beliefs of Super Technologies, Inc.

Have you read all the blog posts regarding the upcoming USA elections? Wow, it is absolutely exciting.

I'd like to respond to one that I just read which was attempitng to summarize Obama's economic policy by stating that as a restaurant patron, he would not give the waiter a tip and instead, give it to a homeless person down the street.

Not quite, but I'll give proof at the end of this post.

My thoughts:

Seems the McCain economic policy...might be...give the $10 tip to the manager in the hope it would stimulate more business for the restaurant and more income for the waiter. Trickle down economics.

Here's what the Obama campaign is saying about the tax plan:
1. 95 percent of workers receive a tax cut of $500; $1,000 for
working couples/families.
2. Tax cuts for low- and middle-income seniors, homeowners, uninsured, families sending a child to college or looking to save and accumulate wealth.
3. Cut corporate taxes for firms that invest and create jobs in the United States, and provide tax credits to reduce the cost of healthcare and to reward investments in innovation. No capital gains tax for small businesses.
4. Dramatically simplify taxes by consolidating existing tax credits.
5. No family making less than $250,000 will see their taxes increase. Families making more than $250,000 will pay either the same or lower tax rates than they paid in the 1990s. Tax relief for middle class families is larger than the revenue raised by tax changes for families over $250,000.

The full details are located at:
http://www.barackobama.com/pdf/taxes/Factsheet_Tax_Plan_FINAL.pdf

Here's a comparison between McCain's and Obama's positions, taken from the attachment:

...Both candidates pledge to lower taxes overall, but the key point to the debate is who will be paying the bills.

Sen. Obama favors tax cuts for middle-class workers and tax increases for top earners -- families that make more than $250,000 and individuals making more than $200,000 a year. He wants to extend most of the 2001 and 2003 Bush tax cuts, but raise the top two marginal rates to 36% and 39.6%.

Sen. Obama wants to eliminate taxes on seniors making less than $50,000 a year and to provide a "Making Work Pay" tax credit of 6.2% of the first $8,100 in wages (about $500) for individuals earning less than $75,000 a year. Outside analysts estimate that the top 1% of wage earners would see an average tax increase of $19,000.

Sen. McCain wants to permanently extend all 2001 and 2003 Bush tax cuts, raise the personal exemption for each dependent from $3,500 gradually over several years to $7,000 and keep the top tax rate at 35%, leaving "upper-income taxpayers" with "the most to gain under McCain's plan," according to a report by Deloitte Tax. The nonpartisan Urban-Brookings Tax Policy Center estimates that the top 1% would see a tax cut of more than $125,000.

http://online.wsj.com/article/SB12249714007486

... browse some of our team's other blogs at http://blogs.didx.net and http://blog.tmcnet.com/monetizing-ip-communications/. You're welcome to comment, contribute, and collaborate any time.

You may say I'm a dreamer, but I'm not the only one

The following are not the opinions of the company Super Technologies, Inc. but instead they are my opinions.

The bad thing of war is, that it makes more evil people than it can take away. Immanuel Kant
The elegance of honesty needs no adornment. Merry Browne

I appreciate you so far, Barack Obama, and you are the candidate I will vote for the President of the United States of America:

1. For producing real specific plans for how you will lead our nation when you are President

2. For promoting with your rhetoric the idea of expectation of all at all income levels to produce and not look for a free ride (i.e. not more welfare checks but more jobs, not more bailing big business but holding them accountable)

3. For not canonizing all of us who have been complaining about the decisions that have been made by many of our leaders, about the lies and coverups, and about the insistence on rescuing the rich and ignoring the poor and middle class. Remember the incentive checks? I would much rather have the government give that $600 incentive check to the local Scenic Hills Elementary than to send it to me. In fact, when I return to the USA around Nov. 5, that is what I am going to do with it myself.

4. For have an obvious understanding of Earth, a planet with not just one nation on it but approximately 190. (And if you believe in God, remember He said "For God so loved the world," not just your church, your family, your neighborhood, or just the USA.)

5. For inspiring and renewing pride, hope, ideas, acceptance of *responsibilities, real action and patriotism in me for our world, our country and man and womankind

6. For having a great memory of history, literature, politics, books in general and sharing those memories with us in your every day speech

7. For making it obvious you love your wife and family

8. For going to the people of every financial status, ethnicity, religion, gender and more for support instead of lobbyists

9. For causing people in the remotest areas of the world and richest areas of the world to have a new hope for the USA for the possibility of an intelligent, honest, progressive, big picture and small details thinking kind of leader

One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain. By Thomas Sowell

And I see Barack Obama as turning these sad times around. We are a nation of people smarter than the leaders of the past eight years thought and think.


* responsibilities: a good topic to blog on soon