jefflz: I think it is time that you and others begin to look at the WHOLE picture.
For the record, I am not rich by anyone's standards. I have yet to break a six figure income in a year, which most likely lumps me into a category with you and millions of other Americans.
That said, if the 'rich' get a tax break, it gives them more money. OK, nothing new there. But, if they have more money, they have to INVEST IT somewhere, or it WILL be taxed, sooner or later. Once money is invested, it can create and sustain more jobs.
If you take away that tax break, then the 'rich' don't invest as much, and not as many jobs are created or sustained. It's simple economics.
Being a small business owner, I do not want to see Obama get into office. His plan will close the doors for me, simply because business taxes will go up, in order for the everyday workers' taxes to go down. With the recent rise in fuel costs, and it's trickle down effect, I am barely squeaking out a living, so if my taxes go up, I'm done.
Sure, giving the common Joe a tax break is nice, but where does the money go? A recent survey tracked the recent IRS Rebate Checks. Wal*Mart was the largest single recipient of the rebate checks. With over 80% of the items on their shelves being made overseas, that was a waste of an 'economic stimulus.' Well, it DID stimulate Wal*Mart for a couple months, and it stimulated China's manufacturing industry. So much for trying to stimulate OUR economy. Had that money been INVESTED...
I hope you and many others see the WHOLE PICTURE now...
Submitted by BrianK (not verified) on September 17, 2008 - 1:33am.
Re: Is McCain the Right Person for Working Ohio Families
jefflz: I think it is time that you and others begin to look at the WHOLE picture.
For the record, I am not rich by anyone's standards. I have yet to break a six figure income in a year, which most likely lumps me into a category with you and millions of other Americans.
That said, if the 'rich' get a tax break, it gives them more money. OK, nothing new there. But, if they have more money, they have to INVEST IT somewhere, or it WILL be taxed, sooner or later. Once money is invested, it can create and sustain more jobs.
If you take away that tax break, then the 'rich' don't invest as much, and not as many jobs are created or sustained. It's simple economics.
Being a small business owner, I do not want to see Obama get into office. His plan will close the doors for me, simply because business taxes will go up, in order for the everyday workers' taxes to go down. With the recent rise in fuel costs, and it's trickle down effect, I am barely squeaking out a living, so if my taxes go up, I'm done.
Sure, giving the common Joe a tax break is nice, but where does the money go? A recent survey tracked the recent IRS Rebate Checks. Wal*Mart was the largest single recipient of the rebate checks. With over 80% of the items on their shelves being made overseas, that was a waste of an 'economic stimulus.' Well, it DID stimulate Wal*Mart for a couple months, and it stimulated China's manufacturing industry. So much for trying to stimulate OUR economy. Had that money been INVESTED...
I hope you and many others see the WHOLE PICTURE now...