Obama wants to give "tax cuts" on 95% of the public. But how can Obama do that when 40% of American families don't pay income taxes? How can families who don't pay any income taxes get a "tax cut"? Unless what obama means is 95% of americans will get a stimulus check, whether they pay income taxes or not. parang income redistribution ito. Obama plans to raise higher taxes on the rich to pay for these "tax cuts".
But the US is in a financial crisis right now. Is it really a good idea to increase taxes on the "wealthy 5%"--people who run companies, corporations, even small businesses, and entrepreneurs? Aren't these people the ones who create and provide jobs for americans? And obama wants to engage in class warfare by taxing the rich during hard times, and distributing the money to the rest of the public? I think obama's tax increase will make the financial crisis worse.
To make it scarier, Obama plans new BIG spending programs like comprehensive Healthcare, which the US can't afford right now.
At least with McCain, all taxes will remain low. and wasteful spending will be reduced.