Democrat and Republican Economic Plans

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0 height="100%"><tr> <td valign="top" width=200 BGCOLOR="#888888" TEXT="#080000" background="c8fc8393.jpg"> <div> <A HREF="obama_for_president_news.htm" TARGET="_top" TITLE="Obama for President News Index">Obama for President News Index</A></div> <div> <A HREF="third_party_campaigns.htm" TARGET="_top" TITLE="Third Party Campaigns">Third Party Campaigns</A></div> <div> <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index">McCain for President News Index</A></div> <div> <A HREF="democratic_republican_party.htm" TARGET="_top" TITLE="Democratic Republican Party">Democratic Republican Party</A></div> <div> <B>Democrat and Republican Economic Plans</B></div> <div> <A HREF="stevens_trial.htm" TARGET="_top" TITLE="Republican Ted Stevens Trial">Republican Ted Stevens Trial</A></div> <div> <A HREF="gunman_who_shot_wallace.htm" TARGET="_top" TITLE="Gunman Who Shot Wallace Is to Be Freed">Gunman Who Shot Wallace Is to Be Freed</A></div> <div> <A HREF="we_need_an_american_general.htm" TARGET="_top" TITLE="We need an American General">We need an American General</A></div> <div> <A HREF="vote_for_an_old_president.htm" TARGET="_top" TITLE="Vote for an Old President">Vote for an Old President</A></div> <div> <A HREF="bush_spares_libby.htm" TARGET="_top" TITLE="Bush spares Libby">Bush spares Libby</A></div> <div> <A HREF="fred_thompson_republican_pre.htm" TARGET="_top" TITLE="Fred Thompson Republican Presidential No">Fred Thompson Republican Presidential Nomination</A></div> <bR> </td> <td valign="top" width="100%" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>News and Music Free Radio Stations RadioZX</B></FONT>     |     <A HREF="index.htm" TARGET="_top" TITLE="News and Music Free Radio Stations Radio">home</A>                              back to  <A HREF="us_presidential_elections.htm" TARGET="_top" TITLE="US Presidential Elections Index">US Presidential Elections Index</A></div> <DIV ALIGN="LEFT"></DIV> <div> <I><B>Democrat and Republican Economic Plans</B></I></div> <div> <A HREF="news.htm" TARGET="_top" TITLE="News">News</A>   |   <A HREF="music.htm" TARGET="_top" TITLE="Music">Music</A>   |   <A HREF="free_radio_stations.htm" TARGET="_top" TITLE="Free Radio Stations">Free Radio Stations</A>   |   <A HREF="free_tv_stations.htm" TARGET="_top" TITLE="Free TV Stations">Free TV Stations</A>   |   <A HREF="armed_forces.htm" TARGET="_top" TITLE="US Armed Forces">US Armed Forces</A>   |   <A HREF="about_is.htm" TARGET="_top" TITLE="About Is">About Is</A>   |   <A HREF="contact_us.htm" TARGET="_top" TITLE="Contact Us">Contact Us</A></div> <div> Cheechako <A HREF="http://www.cheechakonews.com/" TARGET="_top" TITLE="http://www.cheechakonews.com/"><IMG SRC="870100a0.gif" border=0 width="16" height="10" ALT="WiFi America" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A> News            <FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>Monday September 08, 2008</B></FONT></div> <div> Washington D.C . -  Seattle, Washington  -  Hamilton, Montana  -  kodiak, Alaska</div> <div> RadioZX Executive Editor  <A HREF="contact_us.htm" TARGET="_top" TITLE="Contact Us">Mighty Quinn</A></div> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="767" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP COLSPAN=3 HEIGHT= 53 WIDTH="753"><div> Historic differences between Democrats and Republicans</div> <div> Economic  Plans</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 933 WIDTH="371"><div> <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index"><B>McCain</B></A><B> & </B><A HREF="governor_sarah_palin.htm" TARGET="_top" TITLE="Governor Sarah Palin"><B>Palin</B></A><B> Economic Plan</B></div> <div> McCain, borrowing a page from Ronald Reagan and <A HREF="iraqi_war_news.htm" TARGET="_top" TITLE="Iraqi War News Index">President Bush</A>, would keep tax rates low for higher-income taxpayers and slash rates for corporations, arguing that this is the way to jump-start a lethargic economy and create more jobs.</div> <bR> <div> <A HREF="us_presidential_elections.htm" TARGET="_top" TITLE="US Presidential Elections Index"><IMG SRC="a765f8c0.jpg" border=0 width="95" height="140" ALT="red white and blue Pit Bull dog" ALIGN="RIGHT" HSPACE="5" VSPACE="0"></A>in 2000, candidate Bush traveled the country promoting across-the-board tax cuts as a way to fix what ailed America in the wake of a sudden slowdown in growth and a bursting of the bubble in high-tech stocks, this lead America into an unforeseen recession that began in 2001.</div> <bR> <div> All of Bush's tax cuts are scheduled to expire at the end of 2010.</div> <bR> <div> Since neither party wants to go back to the tax rates in effect before 2001, whoever wins will have to work with Congress to pass legislation shaping how the tax code will look beyond 2010. At stake will be billions of dollars.</div> <bR> <div> <A HREF="fannie_mae_freddie_mac_crash.htm" TARGET="_top" TITLE="Fannie Mae Freddie Mac CRASH"><IMG SRC="67bb4940.jpg" border=0 width="180" height="148" ALT="Home for sale by owners government" ALIGN="LEFT" HSPACE="5" VSPACE="0"></A>Under McCain, those taxpaying families making less than $250,000 a year, would see an average reduction of $48,860.</div> <bR> <div> Reflecting in part additional cuts he is proposing.</div> <bR> <div> For the 20 percent of taxpayers right in the middle of the income scale, making roughly between $37,600 and $66,400, the tax break would be $1,118 under the Obama plan and $325 under the McCain plan in 2009, according to the analysis done by the tax center, a joint venture of the Urban Institute and the Brookings Institution, two Washington think tanks. </div> <div> <IMG SRC="4cd5f8c0.jpg" border=0 width="95" height="140" ALT="Uncle Sam Shake-Down of Americans" ALIGN="RIGHT" HSPACE="5" VSPACE="0"></div> <div> <B>Bottom Line:</B></div> <div> <B>McCain & Palin</B></div> <div> the bottom 20 percent of taxpayers, those with taxable income of roughly $19,000 per year or less, would see their taxes cut by an average of <B>$21 under McCain's</B></div> <div> debt would go up sharply - by <FONT SIZE="2" COLOR="#CC3333" FACE="Arial" ><B>- $5 trillion</B></FONT> over the next decade.</div> <bR> <div> <B>And how about the overall goals - </B>McCain's effort to give the country a boost by <B>cutting taxes on</B> the <FONT SIZE="2" COLOR="#CC3333" FACE="Arial" ><B>Wealthy and Corporations.</B></FONT></div> </tD> <tD VALIGN=TOP><NOBR><IMG BORDER="0" SRC="1x1.gif" HEIGHT="933" ALIGN="bottom" WIDTH="9" HSPACE="0" VSPACE="0"></NOBR></tD> <tD VALIGN=TOP WIDTH="371"><div> <A HREF="obama_for_president_news.htm" TARGET="_top" TITLE="Obama for President News Index"><B>Obama</B></A><B> & </B><A HREF="senator_joe_biden.htm" TARGET="_top" TITLE="Senator Joe Biden"><B>Biden</B></A><B> Economic  Plan</B></div> <div> Obama, focusing on a theme of many past Democratic campaigns, seeks to target his help to the squeezed middle class and address the growing income inequality between rich and poor. He would retain all of the Bush tax cuts for families making less than $250,000 a year, but would do away with Bush's cuts for people making more than that. </div> <div> The money raised from tax increases on the wealthy would be redirected by Obama to tax relief for lower-income Americans.</div> <bR> <div> Under Obama, the wealthiest 1 percent of taxpayers, those making roughly $600,000 or more, would see their taxes go up on average by $93,709 in 2009, because Obama would begin implementing his tax changes even before the scheduled expiration of the Bush cuts.</div> <bR> <div> In addition to tax cuts, both presidential candidates are out promising voters a lot of programs in the areas of health care, energy and education.</div> <bR> <div> Now, with the government pumping out $106.7 billion to Americans in stimulus payments to keep all the problems in housing and the credit markets from pushing the country into a deep recession, the deficits are surging again. </div> <div> <IMG SRC="a775c440.jpg" border=0 width="92" height="68" ALT="happy taxpayer swiming in money" ALIGN="RIGHT" HSPACE="5" VSPACE="0">The CBO predicts a $400 billion imbalance this year, and the administration is forecasting that the deficit for the next budget year that begins Oct. 1 will hit an all-time high of $482 billion. </div> <div> That forecast doesn't include the cost of the government takeover announced by the administration on Sunday of mortgage giants Fannie Mae and Freddie Mac. That effort, which has the potential of adding tens of billions of dollars to the deficits in the short run, won the qualified backing of both Obama and McCain. </div> <div> The CBO's current forecast for the next decade doesn't look that bad on paper, projecting the budget will go into the black in 2012, giving the country a small surplus of $270 billion over the next 10 years.</div> <div> Obama's would increase taxes by $627 billion during the same period, reflecting the fact that Obama is raising tax rates on the wealthy and boosting the taxes they pay on dividends and capital-gains earnings. Obama is also not embracing McCain's proposal to cut the top rate on corporate taxes.</div> <div> <B><IMG SRC="a755f8c0.jpg" border=0 width="95" height="140" ALT="Happy Taxpayers Saving big Money" ALIGN="LEFT" HSPACE="5" VSPACE="0"></B></div> <div> <B>Bottom Line:</B></div> <div> <B>Obama & </B><B>Joe Biden</B></div> <div> the bottom 20 percent of taxpayers, those with taxable income of roughly $19,000 per year or less, would see their taxes cut by an average of <B>$567 under Obama's</B></div> <div> debt would go up sharply - by <FONT SIZE="2" COLOR="#CC3333" FACE="Arial" ><B>- $3.5 Trillion</B></FONT> over the next decade.</div> <div> <B>And how about the overall goals -</B> Obama's effort to give the country a boost by <B>cutting taxes on</B> the Poor.</div> </tD> </tR> </TABLE></B></div> <div> Some experts see tax increases, not cuts, in the country's future regardless of who wins the presidency. </div> <div> We are starting out with very big deficits, and the demographics are turning more unfavorable with all the baby boomer retirements.</div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>Get Rid of Life's Little Annoyances</B></div> <div> <B>VOTE</B></div> <div> Would The Real Republican's Please Stand Up!</div> <div> and were not talking about the Wantabe-Cheechako, "Toxic Sarah" or . . .</div> <div> <A HREF="governor_sarah_palin.htm" TARGET="_top" TITLE="Governor Sarah Palin"><IMG SRC="a5e3c5a0.jpg" border=0 width="60" height="90" ALT="Nuclear Sarah the Oilmonger Sarah Palin" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A></div> <div> "<A HREF="paradox_valley_toxic_uranium.htm" TARGET="_top" TITLE="Paradox Valley Toxic Uranium Mines">Nuclear Waste Sarah</A>" <FONT SIZE="2" COLOR="#000000" FACE="Arial" >the "<B>Oilmonger"</B></FONT></div> <bR> <div> <B>or if we had to pick the </B><FONT SIZE="2" COLOR="#CC0000" FACE="Arial" ><B>Top 4 Worst Presidents</B></FONT><B> in U.S. History</B></div> <div> <B>#1</B> Abraham Lincoln      <B>#2</B> George W. Bush      <B>#3 </B>Ulysses S. Grant     #4 Richard Nixon</div> <div> <A HREF="vote_for_an_old_president_abraham_lincoln.htm" TARGET="_top" TITLE="Vote for an Old President"><IMG SRC="86b6a780.jpg" border=0 width="106" height="120" ALT="Abraham Lincoln" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A>  <A HREF="vote_for_an_old_president_george_w__bush.htm" TARGET="_top" TITLE="Vote for an Old President"><IMG SRC="86c9a730.jpg" border=0 width="154" height="115" ALT="George W. Bush" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A>  <A HREF="vote_for_an_old_president_ulysses_s__grant__1869_1877_.htm" TARGET="_top" TITLE="Vote for an Old President"><IMG SRC="29464640.jpg" border=0 width="100" height="100" ALT="Ulysses S. 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