Obama: McCain's tax plan favors rich

McCain's mentor Barry Goldwater supposedly called LBJ a socialist back in the day when they ran for President - go figure - nothing has changed in the slash and burn politics of the Republican Party.

MG, agreed, its funny all the repubs crying Obama the socialist when its THEIR party now that has brought the US corporate socialism, problem is "We the People" are paying for it and getting squat out of the deal. Paulsen is a crook, pure plain and simple.

McCain was a socialist by his definition: "There's one big difference between me and the others–I won't take every last dime of the surplus and spend it on tax cuts that mostly benefit the wealthy." [McCain campaign commercial, January More..2000] "I am disappointed that the Senate Finance Committee preferred instead to cut the top tax rate of 39.6% to 36%, thereby granting generous tax relief to the wealthiest individuals of our country at the expense of lower- and middle-income American taxpayers." [McCain Senate floor statement, May 21, 2001] "But when you look at the percentage of the tax cuts that–as the previous tax cuts–that go to the wealthiest Americans, you will find that the bulk of it, again, goes to wealthiest Americans." [NBC's "Today," Jan. 7, 2003] Then he "CHANGED" This is from Fox News Sunday, 10/19, 2008 WALLACE: But you did it indirectly, so let me ask you for some straight talk. Do you think that Senator Obama is a socialist? Do you think that his plans are socialism? MCCAIN: I think his plans are redistribution of the wealth. He said it himself, "We need to spread the wealth around." Now, that's one of... WALLACE: Is that socialism? MCCAIN: That's one of the tenets of socialism. But it's more the liberal left, which he's always been on. He's always been in the left lane of American politics. WALLACE: But, Senator, when we talk... MCCAIN: So is one of the tenets of socialism redistribution of the wealth? Not just socialism — a lot of other liberal and left wing philosophies — redistribution of the wealth? I don't believe in it. I believe in wealth creation by Joe the Plumber. Then he justified being a Socialist for this question WALLACE: But, Senator, you voted for the $700 billion bailout that's being used partially to nationalize American banks. Isn't that socialism? MCCAIN: That is reacting to a crisis that's due to greed and excess in Washington. FLIP FLOP FLIP FLOP FLIP FLOP FLIP FLOP FLIP FLOP FLIP FLOP

C'mon slurpers, save some Kool-Aid for the other lemmings.

Gas prices went up on factories, corporations and businesses and the price of everything to food went up and you are paying more for food Right? So you will if Obama raises taxes on them, You going to pay, just not directly.

Raising taxes is going to kill jobs and cause the prices of goods to go up. Cost at the top DOES trickle down!! Proof- Gas prices went up and the prices on food and everything else went up plus many jobs where lost. That's just the way it is!!!!

Democrats has people thinking that the US. Big Oil companies do not pay taxes, However they pay in more taxes to the GOV. then anything else. In fact, oil companies have paid in taxes more than three times what they earned in profits during the last 28 years. Here’s what Exxon Mobil paid in state and federal taxes in the third quarter of 2006 alone: Income taxes: $7.68 billion Excise taxes: $7.76 billion All other taxes: $10.79 billion Total taxes remitted/paid: $26.24 billion Internal Revenue Service (Table 6, p. 41) -- In 2005 (the most recent year for which data are available), the bottom 75% of all individual taxpayers (about 100 million taxpayers out of 132 million total) paid about $130.9 billion in income taxes. Adjusting by the recent average of about $5 billion in annual increases in tax revenue from individuals, it is estimated that the bottom 75% of individual taxpayers (more than 100 million individuals) paid about $136 billion in 2006. Bottom Line: In 2006, U.S. oil companies paid more in corporate income taxes to the IRS ($138 billion) than the individual taxes paid by the more than 100 million individual taxpayers in the bottom 75% of all individual taxpayers (estimated to be $136 billion, ).

You should have watched C-span some and you would know the truth on which party is holding us back. It's not the R.

If you can handle the truth! Truth http://www.youtube.com/watch?v=blcC_kCnf8U Bill Clinton saying its the Democats fault about Fredie and Fannie at the end http://www.youtube.com/watch?v=cLQU7uNR5bM Truth on Oil http://www.youtube.com/watch?v=VobxUtOEM7M This one is pathetic and makes me sick http://www.youtube.com/watch?v=1teACBS-1cc

Big corporations pay staffs of attorneys and consultants to find legal ways to dodge taxes. They incorporate in Bermuda or the Bahamas, or they create fantasy charitable trusts with no tax liability. Meanwhile, as conservatives shrink government, the number of IRS tax auditors has dropped by a third since the 1990’s. From 2001-2003, 275 large corporations on Fortune’s 500 list earned almost $1.1 trillion in pretax profits in the United States. Had all of those profits been reported to the IRS and taxed at the statutory 35 percent corporate tax rate, then those 275 companies would have paid $370 billion in income taxes over the three years. Instead, the companies reported only about half of their profits—$557 billion—to the IRS. Instead of a 35 percent tax rate, the companies as a group paid a three-year effective tax rate of only 18.4 percent. Loopholes and other tax subsidies cut taxes for the 275 companies by $43.4 billion in 2001, $60.8 billion in 2002 and $71.0 billion in 2003—for a total of $175.2 billion in tax breaks over the three years. General Electric tops the list of corporate tax dodgers during the study years. It avoided $9.5 billion in taxes from 2001-2003. Other large scale corporate tax dodgers include: Citigroup at $4.6 billion; IBM at $4.6 billion; Microsoft at $4.6 billion; AT&T at $4.5 billion; and Exxon Mobil at $4.3 billion. Other corporations paid NO taxes during the study years between 2001-2003 while reaping huge profits: Principal Group with $2.1 billion in profits; AT&T with $5.7 billion in profits; and Time Warner with $4.9 billion in profits. During a time of record high oil prices and record profits among oil companies, Congress gave subsidies to oil companies worth $30 billion over five years. They receive $5.4 billion in subsidies for exploration and an additional $4.7 billion for the depletion of discovered wells. Yet the oil companies receiving these subsidies have seen huge profits: Exxon Mobil at $36 billion; Chevron at $189 billion; Conoco Phillips at $166 billion; and Valero Energy at $81 billion. Enron took advantage of lax oversight following deregulation and formed a complicated web of more than 2,800 subsidiaries — more than 30 percent (874) of which were located in officially designated offshore tax and bank havens. Conservatives are great at moralizing when the target is a vulnerable individual. When it's a big corporation that's exploiting the public purse, they're silent. Enron took advantage of lax oversight following deregulation and formed a complicated web of more than 2,800 subsidiaries — more than 30 percent (874) of which were located in officially designated offshore tax and bank havens.

Did you not see this, It's Fact (In fact, oil companies have paid in taxes more than three times what they earned in profits during the last 28 years. That's 3 x more then they earned in profits. You pay for this when you buy gas!!!

See it here http://www.taxfoundation.org/research/show/1459.html

BannedMonique As for offshore tax and bank havens, Im for the Fair Tax, it would do away with having to hide it from taxes. http://www.fairtax.org/site/PageServer

Someone needs to ask the fundmental question, where does it say in the Constitution that the government is responsible for "redistributing the national wealth"? Answer, it doesn't. It does however state it in the Democratic Socialist of America manifesto: Where We Stand - Section 4 A Strategy for the Next Left - "Social Redistribution. Social redistribution--the shift of wealth and resources from the rich to the rest of society--will require: massive redistribution of income from corporations and the wealthy to wage earners and the poor and the public sector, in order to provide the main source of new funds for social programs,income maintenance and infrastructure rehabilitation, and a massive shift of public resources from the military (the main user of existing discretionary funds) to civilian uses." One thing wrong with Obama's agenda, it doesn't mention the middle class only the poor. If you look at history, 1917 was the last time someone used "class warfare" to shift the redistribution of wealth to the "state". Also remember that the government was in charge of oversight and policies for our most recent economic debacle and many of the same idiots in Congress will remain. Do you really want them redistributing the "wealth". Finally, remember that the definition of "rich" is relative and in Obama's eyes it is dependent on how he will fund his socialist programs.

Obama Pal, William Ayers Finds Christians & Jews Troubling, Views Himself As A Marxist, Finds Anarchism Appealing - New Links And Audio Expose The Deep Obama & Ayers Connection http://israelinsider.ning.com/profiles/blog/show?id=2018399%3ABlogPost%3A10728