And the conservative will discount the numbers because of the source…But come on, can’t we expect a little bit of research from the speech writers?
Another of my disagreements with Senator Obama concerns the estate tax, which he proposes to increase to a top rate of 55 percent. The estate tax is one of the most unfair tax laws on the books, and the first step to reform is to keep it predictable and keep it low.
Obama tax proposal:
Make permanent estate tax with $3.5 million exemption and 45 percent rate
Every time I hear a multimillionaire complain about the estate tax I want to scream…Exactly how many of them are there out there that will feel the pinch?
Then ther is this one…
McCain on business taxes:
Senator Obama’s plans would add to the difficulties of small business in other ways, too. Currently, there are the 21.6 million sole proprietorships filing under the individual income tax. When Senator Obama talks about raising income tax rates on those making over 250,000 dollars — that includes these businesses as well.
Which, when you look at the numbers…here we go again…is just under 2% of all people with business income…We all know where the McCain’s income bracket falls…