Friday, September 26, 2008

Breaking news – McCain’s proposing a tax increase on the middle class

Almost all of John McCain's supporters and defenders in the Main-Stream Media have now deserted him. The latest defector is the Associated Press, which until recently had been consistently putting a pro-McCain slant on all its coverage of the campaign. The incredible events of the last few days must have been the straw that broke the camel's back over at the A.P. Check out this A.P. story that just appeared in the latest news headline stories on the 'My Yahoo' website.

Voters whose bottom line is taxes can use a new online tool to calculate what their own bottom line would be with the IRS under a Barack Obama or John McCain administration. ….

For example, the model indicates that a couple with two children earning $100,000 with $20,000 in itemized deductions would have a net tax bill for 2009 of $9,555 under McCain and $9,002 under Obama. That compares with a $9,505 tax bill for this couple under current law, the site says. In another example, a single taxpayer making $50,000 and using the standard deduction would pay $6,867 under McCain and $6,325 under Obama, compared with $6,827 under current law.
Read entire article.

It is hard to imagine anything more damaging to McCain's chances of winning the votes of still undecided voters with yearly incomes less than $200,000 than to point out that their taxes would be lower under Barack Obama's tax plan than they would under John McCain's. In fact, for most taxpayers McCain's plan would be a tax increase over what they are currently paying while Obama's would be a tax cut. These facts contradict everything McCain has been saying in his television ads about his and Obama's tax plans so this story efficiently and effectively demonstrates that not only does McCain favor the rich at the expense of the middle class but his entire campaign is built on lies.

Since neither McCain nor Obama have changed their tax plans recently one can wonder what about this story is "breaking news." My guess is that A.P.'s sudden realization of what their former hero John McCain has become is the breaking news being announced in this story.

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