The bottom line-- this plan is bad for the country. People who make minimum wage will pay less-- or no taxes. Those in the upper tax brackets will pay more-- even though they already do on a percent basis. While our new president needs to focus on closing many of the corporate tax loopholes, he better step softly. If not, those companies will move out of country and put more people out of work. Since Obama ran on the "My brother's keeper" platform, that's more people to take care of the in the United States of Socialism.
Posted by Anonymous (not verified) on November 6, 2008 - 2:09pm.
The bottom line-- this plan is bad for the country. People who make minimum wage will pay less-- or no taxes. Those in the upper tax brackets will pay more-- even though they already do on a percent basis. While our new president needs to focus on closing many of the corporate tax loopholes, he better step softly. If not, those companies will move out of country and put more people out of work. Since Obama ran on the "My brother's keeper" platform, that's more people to take care of the in the United States of Socialism.