Obama needs to lay out his tax plan in exact detail to fight the WSJ/Republican lies!

[flpoljunkie]

This is the kind of crap they are putting out--and, it's all untrue! The top rax rate may go up, at the margins, from the current 35% to up to 39.6%. If you are married, filing jointly, in 2007 you paid the 35% rate only on the amount of your taxable income which is over $349,700! You paid 33% on the part of your taxable income from $195,850 to $349,700. You paid 28% of the part of your taxable income from $128,500 to $195,850.

You paid 25% on the part of your taxable income between $63,700 and $128,500, 15% on the part of your
taxable income between $15,650 and $63,700. And 10% on your taxable income under $15,650.

Democrats have been trying to get the Republicans to make permanent the 2009 estate tax exemption of $3.5 million per individual. The Republicans will have none of it! They want the entire estate tax repealed, of course!

Obama has said he is open to raising the capital gains tax to 20%-25%, but applying it only to those in the upper income categories. Of course, Republicans never point out that those with 401K's pay no capital gains tax!

Will the media call them out? I am sincerely beginning to doubt it.

Obama’s Big-Government Vision
It’s old-fashioned-liberal tax, spend, and regulate.

By Larry Kudlow

The Wall Street Journal’s Steve Moore has done the math on Obama’s tax plan. He says it will add up to a 39.6 percent personal income tax, a 52.2 percent combined income and payroll tax, a 28 percent capital-gains tax, a 39.6 percent dividends tax, and a 55 percent estate tax.

Not only is Obama the big-spending candidate, he’s also the very-high-tax candidate. And what he wants to tax is capital.

http://article.nationalreview.com/?q=MGYxYWM4NjkxMjUwMzBhZDAwNTg2NjZmYmU5MWU2ZmQ=

[givemebackmycountry]

1. Larry Kudlow and Steve Moore -

Right Wing hand-job extraordinaries!

Tax and Spend Liberal - a RW oldie but goodie.

Not quite as repulsive as steal and murder however.

[flpoljunkie]

2. Kudlow spouts the lies and the media never bothers to correct him or Carly Fiorina or McCain!

[Larkspur]

3. One problem Obama has is

that his new economic director defended Walmart as a progressive business model Wal-Mart: A Progressive Success Story

Furman is a Big Business corporatist, a la his mentor Robert Rubin, CEO of Citigroup. Furman is also director of the Rubin dominated group The Hamilton Project, which favors unfettered free trade.

Obama should have named Lawrence Mishel, President of the Economic Policy Institute, as his economic advisor -- http://www.epi.org/content.cfm/economist. His Areas of expertise are Income distribution and poverty, Labor markets, Industrial relations, Technology and productivity, Education, Wages, Unions and collective bargaining.

[tabatha]

4. That clain has proven to be BS.

[Larkspur]

10. What's a "clain" and what is BS about my opinion of Furman?

[Alter Ego]

5. It's the Wall Street Journal.

They are a right-wing rag to the core. Why does it surprise anyone that they're using old, stale GOP talking points?

[flpoljunkie]

6. But the main stream media fails to point out their lies, particularly the talking heads.

[truedelphi]

7. I think it is great that Obama's podium at today's Kaukona WI rally

Has a placard reading "Tax relief for America's middle class."

Now that is classy!!

[scrappydo]

8. Senator Obama also added more detail to his proposed tax plan

at the town meeting. He is not going to tax capital gains on anyone earning $250,000 or less. Right-wingers are really trying to rehash old stats and MSM does not correct then - maybe, Keith will.

[flpoljunkie]

9. Yes, he will have to spell it out for the media talking heads and, sadly, low information voters