Let's See If I Get This Straight...

Obama wants to give businesses a $3,000 tax credit if they hire someone. Wow that is generous! At the minimum wage, that amounts to an expense of at least $20k. He wants to only increase your taxes if your small business makes over $250k a year. How kind! (Hmmm isn’t it interesting that the $700b bailout plan that was passed a week ago raised the FDIC insurance to 250k? Is this a coincidence?) Ok on to my point, he wants to reduce the small business capital gains taxes to zero. I didn't know small businesses paid capital gains. They don't! But he wants to increase the corporate tax rate, income tax rates, FICA rates. All this is very likely to cause the economy to tank even further. I don't think he has a clue.

McCain wants to give businesses an immediate equipment write-off. He wants to reduce the tax rate on senior IRA withdrawals to 10%. He wants to reduce the capital gains rate for everybody - not just small businesses making less than $250k that don't pay any - to 7.5%. And he wants to increase the loss deduction max to $5k. All this should help the economy. Does Citizen McCain have a clue? I am sure Piper does!

I forgot to add: Obama wants to extend unemployment insurance payments - whoop-tee-doo - like that's gonna help the economy, and he wants to suspend foreclosures for three months on certain mortgages if the owners have been making a "good faith" effort to pay. What good is that going to do? Sounds like three months of free rent before you fly the coup.

I can’t wait to see the debate tonight. I have my in-flight human waste disposal bag and adult beverage ready, I have the clicker in case How It’s Made is on instead and the debate gets boring, and I have Frodo toys to throw, either at the dog or at the candidates, in case I get surly. I think I am ready!

Go Team Go!!!!!!!!!!
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