COMPARISON OF KEY POINTS OF BOTH CAMPAIGNS

 

 

Stay informed on what you are actually voting for in November!

 

2008 PRESIDENTIAL CANDIDATE COMPARISON

TALKING POINTS

ISSUE

JOHN McCAIN

BARAK OBAMA

Favors new drilling offshore US

Yes

No, but might consider

Will appoint judges who interpret the law not make it

Yes

No

Served in the US Armed Forces

Yes

No

Amount of time served in the US Senate

22 YEARS

143 DAYS

Will institute a socialized national health care plan

No

Yes

Supports abortion throughout the pregnancy

No

Yes

Would seek to pull troops out of Iraq immediately

No

Yes

Supports gun ownership rights

Yes

No

 

 

 

Proposed programs will mean a huge tax increase

No

Yes

Voted against making English the official language

No

Yes

Voted to give Social Security benefits to illegal aliens  

No

Yes

CAPITAL GAINS TAX

MCCAIN

0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.

OBAMA

28% on profit from ALL home sales. 
(How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to t axes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.) 

DIVIDEND TAX

MCCAIN

15% (no change)

OBAMA

39.6%
(How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying=2 0nearly 40% of the money earned on taxes if Obama becomes president. The experts predict tha t ‘Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.’)
 

INCOME TAX

MCCAIN
(no changes)

Single making 30K – tax $4,500
Single making 50K – tax $12,500
Single making 75K – tax $18,750
Married making 60K- tax $9,000
Married making 75K – tax $18,750
Married making 125K – tax $31,250

 

 

OBAMA (reversion to pre-Bush tax cuts)

Single making 30K – tax $8,400
Single making 50K – tax $14,000
Single making 75K – tax $23,250
Married making 60K – tax $16,800
Married making 75K – tax $21,000
Married making 125K – tax $38,750

INHERITANCE TAX

MCCAIN

– 0%  (No change, Bush repealed this tax)

OBAMA

Restore the inheritance tax – Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes. 

NEW TAXES PROPOSED BY OBAMA

New government taxes proposed on homes that are more than 2400 square feet.
New gasoline taxes. 
New taxes on natural resources consumption (heating gas, water, electricity) 
New taxes on retirement accounts.
New taxes to pay for socialized medicine.

 
You can verify the above at the following web sites:

http://money.cnn.com/news/specials/election/2008/index.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes

http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html 
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/

http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/

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