Brian Sullivan of the Fox Business channel made the best observation about Sen. Obama's tax plan. The tax plan from the Senator is for people who make $250,000 AGI (Adjusted Gross Income) and give it to the "Middle Class" who have been hurt by the evil President Bush I mean John McCain. Imagine you live in Iowa and you make $100,000/year (a low standard of living) and someone else lives in New Jersey making $300,000/year (a state with a high standard of living). The man in Iowa has a wife and two children. The man in New Jersey has a wife and two children one of whom is in college (Rutgers). The man in New Jersey will be taxed at the old rate of 39.6% and a check will be sent to the guy in Iowa who make $100,000. The question Mr. Sullivan asked (rightly) is who is the rich one?

 

I prefer to take the argument one step further. Under the Obama/Biden plan a man/company/LLC making $250,000 is going to be taxed at the new old rate and his neighbor who makes $249,999.99 AGI will not. Is the guy making $249,999.99 poor? Is he one gas price hike away from bankruptcy? Did the guy who made under the cap try to adjust his income to keep it under the cap? So many questions so little time.

 

I can just imagine what Sen. Obama might be thinking right now. Has anybody in his camp thought about that senario? The anwer I suspect is yes. How do I know? Listen to what Obama/Pelosi/Reid have said. The democrats in the House of Representatives is looking for a way to tax 401(k) savings (according to workforce.com) by Congressmen Miller and McDermott; remember it was McDermott, a democrat, who was caught with a tape recording of Speaker Gingrich and his fellow republicans. These two Congressmen work for Nancy Pelosi Speaker of the House.

 

As I wrote in my first blog, John McCain was not my first choice for President. He has done some very questionable things while in the Senate. The most agregious was his putting limits on free speech. We had a primary and because of the childish infighting between conservatives we are left with Sen. McCain. He is not the worst choice but not my first. We must help this man; a war hero, fighter for what is right in America not what is wrong, as Senator Obama keeps telling us, and has a clear vision of where he wants to take this country. It is the right (pardon the pun) direction, a vision of hope in this terrible time when unchecked greed in Washington has delivered to us an economic meltdown the likes of which even Alan Greenspan hasn't seen in a century. I don't normally agree with Bill O'Reilly much, but he does have a small point when he advises Sen. McCain to fight to clean up the mess and put those responsible in prison (a lot like Enron CEO/CFO Skilling and Fastow respectively. The part that I disagree with is Mr. O'Reilly's argument that Sen. McCain should get angry "like the folks" and punish people. I want people punished just like the crooks at Enron. The problem is that we went overboard again. I hope Gov. Romney and Carly Fiorina will advise Sen. McCain to fix the accounting rules (they are arcane and not short enough to get into with this post) and trading rules that took a bad economy and turned it into this. We need McCain/Palin to fix what is wrong and keeps what always works. No tax for the guy making $250,000 and giving it to the guy who makes $249,999.99. STOP THIS NOW!!