Washington, DC -- September 18, 2007 -- "This plan directs its attention to the vast majority of taxpayers, who have seen little benefit from the current administration's tax policy. Through its income tax credit for payroll taxes and its simplification measures, it should make work more rewarding and paying taxes less difficult."
"Barack Obama's plan would restore some much needed fairness in our tax system for the middle class by making work pay, simplifying our tax code, making housing more affordable, and ensuring that millions of seniors never have to pay income taxes. Taken together, millions and millions of families will fill out fewer forms and have more in their pockets."
"For the last several years, tax policy makers have seemed oblivious to growing income inequality and the economic challenges that face working middle-income Americans trying to educate their children, buy their first homes and save for their retirement. In contrast, Senator Obama's Tax Fairness Plan recognizes that a progressive tax system is not characterized just by progressive tax rates, but also by certain tax credits designed, for example, to reward work or to provide a tax benefit to all homeowners – not just to those taxpayers who itemize. He provides real simplification by taking some senior citizens off the rolls entirely and by providing millions of Americans pre-prepared returns, much like the Ready Return program used in California. Senator Obama also recognizes that a system riddled with tax subsidies is not perceived as fair because people rightly worry that the rich or more sophisticated are taking advantage of benefits they cannot enjoy. Accordingly, he advocates eliminating many of these special tax breaks, thereby also eliminating the economic distortions that they create."
http://www.allamericanpatriots.com/48732628_barack_obama_barack_obama_experts_praise_barack_obamas_middle_class_tax_fairness_plan
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