Thanks for providing the links that are supposed to back the info in the chart. One small problem, the sources do NOT support the chart. One example would be the CNN link, which explains that only the two top tax rates would be restored to pre-Bush levels:
"Opposed extending 2003 Bush tax cut law through 2010. Supports eliminating marriage penalty and extending child tax credit. Proposes a "making work pay" tax credit of up to $500 per person, or $1,000 per working family. Proposes eliminating income taxes for seniors making less than $50,000 per year and eliminating all capital gains taxes on start-ups and small businesses. Says he would reform the child and dependent care tax credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for child care expenses. Favors tax cuts for middle-class workers and tax increases for top earners. Says he would restore the top two income tax rates to their pre-2001 levels of 36 percent and 39.6 percent. (Currently, they're 33 percent and 35 percent.) Says he would maintain the estate tax but would freeze the estate tax exemption amount at $3.5 million. Proposes to create an "American opportunity tax credit," which the Obama campaign describes as "a fully refundable credit" that "will ensure that the first $4,000 of a college education is completely free for most Americans and would cover two-thirds the cost of tuition at the average public college or university." http://edition.cnn.com/ELECTION/2008/issues/issues.taxes.html
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OBAMA-MCCAIN ISSUE COMPARISON CHART
ISSUE
JOHN McCAIN
BARAK OBAMA
Favors new drilling offshore US
Yes
No
Will appoint judges who interpret the law not make it
Yes
No
Served in the US Armed Forces
Yes
No
Amount of time served in the US Senate
22 YEARS
173 DAYS
Will institute a socialized national health care plan
No
Yes
Supports abortion throughout the pregnancy
No
Yes
Would pull troops out of Iraq immediately
No
Yes
Supports gun ownership rights
Yes
No
Supports homosexual marriage
No
Yes
Proposed programs will mean a huge tax increase
No
Yes
Voted against making English the official language
No
Yes
CAPITAL GAINS TAX
MCCAIN
No change to current capitol gains tax. 0% on home sales up to $500,000 per home (couples). Other capitol gains remain the same.
OBAMA
Up to a 28% capitol gains tax.
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Speaking of flag pins, why isn't McCain wearing one?
Thanks for providing the links that are supposed to back the info in the chart. One small problem, the sources do NOT support the chart. One example would be the CNN link, which explains that only the two top tax rates would be restored to pre-Bush levels:
"Opposed extending 2003 Bush tax cut law through 2010. Supports eliminating marriage penalty and extending child tax credit. Proposes a "making work pay" tax credit of up to $500 per person, or $1,000 per working family. Proposes eliminating income taxes for seniors making less than $50,000 per year and eliminating all capital gains taxes on start-ups and small businesses. Says he would reform the child and dependent care tax credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for child care expenses. Favors tax cuts for middle-class workers and tax increases for top earners. Says he would restore the top two income tax rates to their pre-2001 levels of 36 percent and 39.6 percent. (Currently, they're 33 percent and 35 percent.) Says he would maintain the estate tax but would freeze the estate tax exemption amount at $3.5 million. Proposes to create an "American opportunity tax credit," which the Obama campaign describes as "a fully refundable credit" that "will ensure that the first $4,000 of a college education is completely free for most Americans and would cover two-thirds the cost of tuition at the average public college or university." http://edition.cnn.com/ELECTION/2008/issues/issues.taxes.html
Pages