Leave a Comment

McCain Jokes About His Definition Of The Rich: ‘How About $5 Million?’
Think Progress — ... if his proposals were enacted. McCain would decrease middle-class Americans’ tax bills by just $319 . Transcript: WARREN: Everybody talks about, you know, taxing the rich, but not the poor, the middle class. At what point, give me a number, give me a specific number. Where do you move from middle class to rich? MCCAIN: Some of the richest people I’ve ever known in my life are the most unhappy. I think that Rich should be defined by a home, a good job, an education, and the ability to hand to our children a more prosperous and safer world than the one that we inherited. I ...

McCain Revises His Definition Of ‘Rich’: Some People ‘Are Poor If They’re Billionaires’
Think Progress — ... formulas for reviving a faltering economy. […] McCain’s plan would cater to wealthy taxpayers and corporations by extending and expanding President Bush’s tax cuts, slashing corporate taxes and weakening the estate tax, but it would also aid taxpayers across the board by making the full Bush cuts permanent. Though McCain would get a $300,000 tax break if his proposals were enacted, middle class Americans would only save $319.

Media Defends McCain: It’s Not ‘A Huge Deal’ That He Doesn’t Know How Many Houses He Owns
Think Progress — ... these reporters are ignoring an obvious and glaring reality that McCain is running a campaign of the rich, by the rich, and for the rich. He recently defined rich as earning $5 million or more and doesn’t know how many houses he owns, and at the same time, McCain is proposing a tax policy that primarily benefits the rich. In fact, under his proposal, McCain himself would receive a $300,000 tax cut, while middle class Americans would receive only a few hundred. Moreover, while ordinary Americans are struggling to keep the one house ...

Wallace Defends McCain’s POW Dodge On Houses Gaffe: ‘It’s Not A Talking Point, It’s A Fact’
Think Progress — ... the rich: – Asked to “define rich” recently, McCain joked, “How about $5 million.” Asked to refine that answer, McCain later said that some people “are poor if they’re billionaires.” – McCain’s is proposing a tax policy that primarily benefits the rich. Under his tax plan, McCain’s family would get a $300,000 tax break while middle class Americans would save only $319. – One of his top economic advisers, Phil Gramm, who has been called ...

Tax Expert: McCain’s Tax Cuts Are Aimed At The Rich ‘Even More So Than Bush’s Were’
Think Progress — ... this year are consistently pretty supply-side, even more so than Bush’s were,” said Chris Edwards, director of tax policy studies at the Cato Institute. Earlier this year, the non-partisan Tax Policy Center found that McCain’s economic plan “would primarily benefit those with very high incomes.” In fact, under McCain’s plan, John and Cindy McCain would get a $300,000 tax break while middle class Americans would save only $319. The McCains save $60,016 more under McCain’s tax plan than under ...

Do You Own a Small Business? Look out for Obama.
The Sundries Shack — ... Umm…who plan on doing that? Has someone who isn’t Barack Obama planned on raising taxes on them? Obama’s tax plan is going to raises taxes significantly on people making more than 603,000 dollars a year, which is where most of your small business owners live. So, you know that Mom and Pop store on the corner you like buying from? Barack Obama is going to raise their taxes by $115,000 a year - more than a sixth of what they earn. ...

NBC Gives Obama Tax Proposal Favorable Treatment to McCain's
NewsBusters.org - Exposing Liberal Media Bias — ... Quintanilla implied the wealthy would benefit from McCain's plan, but didn't mention that all tax brackets would see lower tax bills under his proposal, according to the Tax Policy Center analysis Quintanilla cited in his report. He referred to the Center as "non-partisan," but it is ...