johnsonrod
Well-known member
- Joined
- Feb 25, 2006
- Posts
- 4,218
Obama would cut taxes for 95% of Americans, including you.
You all forget that capital gains taxes will be raised and that will impact you and anyone else who sells stocks, property, etc. Don't think you are immune because you ain't...
Everyone forgets the state taxes that will added on top of the increased federal taxes. Can imagine those tax bills? I read that independent business people in the high-tax states of New York and California who employee people with families could end up paying 60% of their revenues in taxes (federal + state taxes including health care benefit taxes). I am not a tax expert, but that's not going to encourage people to start businesses in those states - you will see job losses instead. Businesses will leave those states for less-costly states. I also read that AAA just announced 1,000 jobs moving from California to Arizona and Oklahoma. High taxes don't support businesses and their jobs. That's the point. Lower taxes increases discretionary spending and people buy more vacations, more cars, etc. that support our pilot lifestyles. High taxes = job threat. Even Bill Clinton reduced capital gains taxes from 28% to roughly 20% and yet Obama wants to raise them again.
Yeah, I am not a fan of McCain and his anti-labor stance, but at least he won't throw fuel on the fire by increasing taxes in a recession like Obama will - that's INSANE! Say NO to Obama if you want job growth vs. job losses.
Oh yeah, UAL's management should be canned for terrible leadership and complete incompetence. Tilton probably wishes he was back in the profit-rich oil business (he formerly worked for Chevron I believe) where he could count on bigger bonuses.
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