Biden: Wealthy Americans Must Pay More Taxes to Show Patriotism

Chevillac
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WASHINGTON — Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans. In a new TV ad that repeats widely debunked claims about the Democratic tax plan, the Republican campaign calls Obama’s tax increases “painful.”

Under the economic plan proposed by Democratic presidential candidate Barack Obama, people earning more than $250,000 a year would pay more in taxes while those earning less — the vast majority of American taxpayers — would receive a tax cut.

Although Republican John McCain claims that Obama would raise taxes, the independent Tax Policy Center and other groups conclude that four out of five U.S. households would receive tax cuts under Obama’s proposals.

“We want to take money and put it back in the pocket of middle-class people,” Biden said in an interview on ABC’s “Good Morning America.”

Noting that wealthier Americans would indeed pay more, Biden said: “It’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.”

McCain released a television ad Thursday charging that Obama would increase the size of the federal government amid an economic crisis. Contending that “a big government casts a big shadow on us all,” the ad features the image of a shadow slowly covering a sleeping baby as a narrator misstates the reach of the Obama tax proposal.

“Obama and his liberal congressional allies want a massive government, billions in spending increases, wasteful pork,” the ad says. “And we would pay — painful income taxes, skyrocketing taxes on life savings, electricity and home heating oil. Can your family afford that?”

The McCain campaign said the ad is set to run nationally.

http://elections.foxnews.com/2008/09/18/biden-wealthy-americans-must-pay-more-taxes-to-show-patriotism/

 
Keep in mind that MANY small businesses are sole proprietors and would fit under the tax increase for ~250k income. Small business is pretty important to the economy so penalizing them is really not a good way to raise more money for the government, IMO. Not all of that money is for them, but the structure of the company appears that way when taxable income is calculated - that is total business income after expenses. Pretty hard to grow a business with current tax rates as a sole prop much less higher rates.

 
**** obama,

**** biden

whiny pieces

"

Noting that wealthier Americans would indeed pay more, Biden said: “It’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.”

"

**** that, them poor *** people got the economy in this place in the beginning, buying houses they cant even afford with steep *** mortgages they end up not paying

the executive branch should atttempt to end welfare, and push around the legally poor and get them off their *****, not put the toll on the people who are well off and are already supporting america.

 
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