1 post tagged “2008 presidential election”

If you don’t vote for McCain you will be handing all your money and liberty over to the Democratic Party. I’m beginning to think that Bonito Mussolini is the real “God Father” of the Democrats!

Key Economic Proposals:

H. R. Clinton:

• $60 Billion funding for new National Infrastructure Bank to finance large scale projects.
• $10 Billion funding for emergency Infrastructure Repair Fund.
• $150 Billion funding for green energy technologies over 10 years.
• Tax Credits to spur retirement savings, $20 – 25 Billion per year.
• $110 Billion to expand health insurance coverage per year.

Funding sources: Reverse income tax cuts on high income earners, maintain the death tax and increase taxes on oil companies.

Obama:

• $60 Billion funding – over 10 years through new National Infrastructure Bank to finance large-scale projects.
• $150 Billion funding for green energy technologies over 10 years.
• Making Work Pay Tax Credit of $500 per person.
• $65 Billion to expand health insurance coverage per year.

Funding sources: Reverse income tax cuts on high income earners, maintain the death tax, increase taxes on oil companies, increase the tax rate on long term capital gains and dividends, tax carbon pollution and he “promises” to end the war in Iraq. 

McCain:

• Cut corporate tax rate to 25% from 35%.
• Let business deduct 100% of the cost of equipment in the first year.
• Double the tax deduction per child to $7,000.

Funding sources: End earmarks, budget savings. 

My source for the above was Investor’s Business Daily, Monday April 21, 2008, page 1.