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If This Gets Out, McCain Will Lose What Remains of His Integrity In the Minds of His Supporters
Started by Daniel Miessler · 7 months ago
It’s become clear McCain’s final strand of hope over the last couple of weeks has been calling Obama a socialist. This tiny, tenuous foothold was given to him by Obama when he said the phrase, “spread the wealth” in response to an impromptu questio
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8 months ago
He mentioned this during his rally speech in Denver yesterday. I've posted it on my Facebook page...hopefully, it'll get circulated.
8 months ago
if I understand well, 2000 Mac Cain i making the case for 2008 Obama,
am I right ?
I wish Mac Cain had been the republican nominee in 2000 the world would have been not that bad off as it is now, as he would probably have been a better president than W.
8 months ago
The McCain claim that Obama is Socialist is not entirely about the progressive tax structure. It's the fact that those at the very bottom tier (some of those who pay ZERO taxes under the current plan) will actually get a tax REFUND. To be clear .. if you get a tax refund it's because you've paid too much throughout the year .. so you get the overpayment refunded (but your net tax payment for the year is certainly POSITIVE). The Obama Tax Plan has a Tax Credit which results in some people having a net tax payment that is NEGATIVE. That is, it's not that they pay zero taxes and have all their withholdings (if any) refunded. They get MORE than that amount refunded. So, the IRS takes some of its receipts from the wealthy and gives it to the poor. This is what the McCain campaign was equating to socialism: Refundable Tax Credits.
Unfortunately for McCain, his OWN plans include Refundable Tax Credits. In particular, his health care plan has just such a Tax Credit. The campaign was (dishonestly in my mind) trying to imply that this idea was new to Obama (Tax Credits are not new) and that McCain would never do such a thing.
But, to be fair to McCain .. the argument was NOT (only) about the progressive tax structure.