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NJ5 said:


Why do I say that? Because Obama didn't really announce any fundamental changes to the working of USA's tax or economic system. Every single time someone presses TheRealMafoo on this matter, he ends up admitting that he's mad at Obama because he openly asserted that spreading the wealth around happens and will continue to happen in the US.

 

Are you serious? Here is Obama's plan:

Provide $50 billion to Jumpstart the Economy and Prevent 1 Million Americans from Losing Their Jobs: This relief would include a $25 billion State Growth Fund to prevent state and local cuts in health, education, housing, and heating assistance or counterproductive increases in property taxes, tolls or fees. The Obama-Biden relief plan will also include $25 billion in a Jobs and Growth Fund to prevent cutbacks in road and bridge maintenance and fund school re pair - all to save more than 1 million jobs in danger of being cut.

(guess where that money is coming from, and where it's going too).

Provide a Tax Cut for Working Families: Obama and Biden will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama and Biden will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.

(by the way, a credit is money, not a deduction, If you only had to pay 100 in taxes, the government GIVES you $400, or $900).

Expand the Child and Dependent Care Tax Credit: The Child and Dependent Care Tax Credit provides too little relief to families that struggle to afford child care expenses. Obama and Biden will reform the Child and Dependent Care Tax Credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for their child care expenses.

(again, that's a credit.)

http://www.barackobama.com/issues/economy/