Tuesday, October 28, 2008

McCain calls Obama tax plan socialism for "spreading the wealth" ...

John McCain calls Barack Obama's tax plan "socialism" as it w0uld reinstate the tax rates we had from 1993-2001 where any income above $250,000 paid an additional 3.6% more than they do now. 

That's the difference between our economy today and "socialism" according to the Republican Party -- if someone makes more than $250,000, that person would pay a little less on the money earned up to $250,000, but the tax rate applied to any income above a quarter million dollars would be 3.6% higher. That, my friends, is socialism.


I don't know about you, but I wouldn't call the Obama-style tax rates we had in the 1990s under Bill Clinton "socialism" -- I'd call that "prosperity." If we lived under "socialism" in the 1990s and we've been living under something else since Bush got elected, then guess what -- I'll take the 1990s type of socialism any day of the week. Wouldn't you?

Please, ask a voter who is leaning towards McCain: would you rather have the economy of the 90s with the Democratic tax rates or the economy since 2001 with the Republican tax rates? Because that's the choice. McCain calls Barack's tax plan -- the exact tax rates for high incomes that we used throughout Bill Clinton's term -- "socialism" as if calling the Clinton tax rates that delivered higher wages and budget surpluses and a roaring economy something that sounds like a bad thing will make people choose the economy of the Bush years over the economy of the Clinton years. 

Don't be scared of words. Vote for the tax plan that made our country better off. 

And remember: people who make more than a quarter million dollars a year can afford to pay more. They're doing it for their own good -- because they will reap the benefits of a strong Clinton-style 1990s economy just as much as everyone else will. And the richest Americans will end up with more money even when they are paying an extra 3.6% on anything they earn over $250,000 because the economy will be stronger under the Clinton-Obama-Democratic type of tax rates than it would be under the Bush-McCain-Republican tax rates.  Not too many rich people are feeling very rich right now, and that's largely because Republicans have screwed up the economy with their anti-government government. 

If you want peace and prosperity again (or, in McCain's words, socialism), do what we did last time we had it: elect a Democratic President. 

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