Obama proposes middle-class tax cuts

[babylonsister]

Obama proposes middle-class tax cuts
By Klaus Marre
September 18, 2007


Sen. Barack Obama (D-Ill.) on Tuesday unveiled a plan that he says would give middle-class Americans a “substantial” tax break.

Obama, who trails Sen. Hillary Rodham Clinton (N.Y.) in the race for the Democratic presidential nomination, wants to simplify the tax filing process and touted his plan as allowing Americans to do their taxes in “less than five minutes.”

“Instead of working to find ways to relieve the burden on the middle class, we’ve developed creative ways to remove the burden from the well-off,” Obama said during a speech in Washington. “Instead of having all of us pay our fair share, we’ve got over $1 trillion worth of loopholes in the corporate tax code.”

The senator blamed special interests for putting in place a system of tax cuts that “favor wealth, not work” and that are “too complicated for ordinary folks to understand, but just complicated enough to work for someone who knows how to work the system.”

Obama proposed closing corporate tax loopholes and using the money to help working families.

more...

http://thehill.com/campaign-2008/obama-proposes-middle-class-tax-cuts-2007-09-18.html

[zabet]

1. Just how small

is the 'middle class' these days. Where I live, 27+% fall below the
povertly level.