Which presidential ticket will ease taxes on the Middle class ?

Question

Is this important to you for this election?

Answer 1

Obama

Answer 2

McCain. Duh!!! Obama will raise taxes on small businesses making over $250,000. That is every daycare, deli, dry cleaners, plumber, accounting office, law firm, grocer and mechanic in America. Who do you think will pay the increase in prices and the additional sales tax? The middle class.  

Answer 3

It depends on what middle class you are talking about.  McCain said middle class people make millions.  Obama draws the line at 250,000 a year.

I choose Obama.  He will raise taxes on the wealthy and cut taxes on the middle and lower class to try to balance out the economy. What they are spewing at the RNC is lies.

As for Bush's rebate:  I like many people had to pay bills that I was behind in.  

PALIN: "The Democratic nominee for president supports plans to raise income taxes, raise payroll taxes, raise investment income taxes, raise the death tax, raise business taxes, and increase the tax burden on the American people by hundreds of billions of dollars."

THE FACTS: The Tax Policy Center, a think tank run jointly by the Brookings Institution and the Urban Institute, concluded that Obama's plan would increase after-tax income for middle-income taxpayers by about 5 percent by 2012, or nearly $2,200 annually. McCain's plan, which cuts taxes across all income levels, would raise after tax-income for middle-income taxpayers by 3 percent, the center concluded.

Obama would provide $80 billion in tax breaks, mainly for poor workers and the elderly, including tripling the Earned Income Tax Credit for minimum-wage workers and higher credits for larger families.

He also would raise income taxes, capital gains and dividend taxes on the wealthiest. He would raise payroll taxes on taxpayers with incomes above $250,000, and he would raise corporate taxes. Small businesses that make more than $250,000 a year would see taxes rise.

Answer 4

According to the non-partisan Tax Policy Center, the Obama tax plan eases middle class taxes, while the McCain plan would ease taxes on the wealthy:

"If enacted, the Obama and McCain tax plans would have radically different effects on the distribution of tax burdens in the United States. The Obama tax plan would make the tax system significantly more progressive by providing large tax breaks to those at the bottom of the income scale and raising taxes significantly on upper-income earners. The McCain tax plan would make the tax system more regressive, even compared with a system in which the 2001–06 tax cuts are made permanent. It would do so by providing relatively little tax relief to those at the bottom of the income scale while providing huge tax cuts to households at the very top of the income distribution."

In response to Luv2Answer's statement, below:  The increase to which you refer is for individuals (not businesses) earning $250,000 or more per year.  Many businesses earn more than that amount.  However, the vast majority of individuals in this country earn less than $250,000/year.  

Obama does not propose increasing corporate taxes, and he also does not propose changing the way in which non-corporate businesses (partnerships, most LLCs, and S Corporations) pass through their income to their owners.

Answer 5

Obama.