Also, you have probably already heard, but GOP General Colin Powell endorsed Barack for President of the United States today saying near the end of his reasoning behind the endorsement, "I'll be voting for Senator Obama". It is an honorable thing to be endorsed not only by a high profile member the GOP, but one of the highest ranking American military officials. Read the news release- Powell's reasons for supporting Obama are exactly why myself and many others (yourself included?) are voting for Obama in this critical election.
The McCain campaign has now stooped even lower, resorting to attacks against Obama suggesting he is a "socialist" because his tax policy cuts taxes for 95% of working Americans and ends the Bush tax cuts for the wealthiest 1% (ending the 15% capital gains tax). Call me crazy, but I remembered this, and found a passage from Barack's book, "The Audacity of Hope" in which Warren Buffet, dubbed "The Oracle of Omaha" (currently the richest American- he just eclipsed Bill Gates last month), says the following (this should give anyone pause):
"Though I've never used tax shelters or had tax planner, after including the payroll taxes we each pay, I'll pay a lower effective tax rate this year than my receptionist. In fact, I'm pretty sure I pay a lower rate than the average American. And if the president has his way, I'll be paying even less.
....Some of the wealth has to be plowed back into education, so that the next generation has a fair chance, and to maintain our infrastructure, and provide some sort of safety net for those who lose out in a market economy. And it just makes sense that those of us who've benefited most from the market should pay a bigger share."
I don't think that Billionaires should pay 1/2 of their annual earnings in taxes by any means. But I also don't think they should pay a much smaller percentage of their wealth in taxes than some average Middle Class worker earning less than $250,000.
Think about it. For those of us who can vote early- avoid the waiting in line on November 4th (there will be a lot of people voting this year), vote early.
1 comments:
McCain's "socialist" criticism is a crock. His tax policy benefits the wealthiest people and Obama's benefits the average Joe (six pack, plumber, whatever).
I'm voting early.
Post a Comment