Increase MySpace Song Plays from $4.96! Increase your MySpace Mp3 Song Plays with the very best system! 2,000 members served
Obama proposes tax cuts for low- and middle-income working families |
| Published: September 18, 2007, 10:45 am |
| Tags: economy, obama, politics, taxes, white house 2008 |
|
By Mike Dorning Democratic presidential candidate Barack Obama is to deliver a speech today proposing tax cuts for low- and middle-income families, according to his campaign. An advance look at the tax cut proposal provided by his campaign describes a would tax credit that would give all wage-earners $500 off their income taxes. Since $500 represents a much larger portion of income taxes for low- and middle-class taxpayers, that skews the benefit in the direction of people of more modest means. Moreover, the tax credit would be refundable for people who earn wages, which essentially would expand the Earned Income Tax Credit that provides government payments to very low-income workers. The contours of the tax cut repesent the very opposite approach to that used by the Bush Administration in its tax cuts. Since the Bush Administration cut tax rates, most of the benefit went to higher-income people. And the Obama campaign already has announced it would reverse the Bush [ Full article ] |
 Blog link
Rating: 0 
|
No Comments...