CW, you are right let all american's spend like their gov't.... if i have check i must have money -- yippie;
well i am sad to say, but i firmly believe our way of life is ending before our eyes... this is just the beginning. Wasn't that Osama's strategic goal? JPH
well i am sad to say, but i firmly believe our way of life is ending before our eyes... this is just the beginning. Wasn't that Osama's strategic goal? JPH
That 95% came out wrong-I mean, there's a percentage of low-income Americans that don't pay taxes--they won't get a tax break, they'll get a refund check.
I also think that the government should ensure that all Americans get only the very best food. It should subsidize family grocery budgets so that everyone can shop at Dean and Deluca. Healthy, exquisite food is a right.
Biden and Obama want to leave voters with the impression that they are going to get a $5,000 tax credit from McCain even though health insurance costs $12,000 per family, on average. Where’s the additional $7,000 going to come from?
Here’s how it would really work.
Suppose a worker gets $50,000 in cash wages and $12,000 in health insurance.
Right now, he pays federal income taxes on the wages but not the health insurance. Let’s assume, for reasons of simplicity, that the tax rate he is paying is a flat 25% on his wages. He therefore pays $12,500 in federal income taxes. His after-tax, after-health-care income is $37,500.
Now, under the McCain plan, his employer keeps paying the premium, which is now counted as income to the worker. He therefore pays federal income taxes on $62,000, or $15,500.
But he also gets a tax credit of $5,000 for health insurance, which means that, all in all, he owes $10,500 in federal taxes, or $2,000 less than he does today. His after-tax, after-health-care income is $39,500.
If the worker decides to buy his insurance in the open market instead of through the employer, the result will be the same. His employer is indifferent to how he pays his worker as long as total costs are the same. So instead of paying premiums, the employer pays his worker $62,000 in cash wages and does not pay anything toward insurance. The worker again owes $15,500 in taxes on this compensation, and he also must buy health insurance costing $12,000. So, his pre-tax income is $62,000, he owes $12,000 in health insurance premiums, and he owes $10,500 in federal taxes (after claiming his credit). His after-tax, after-health-care income is the same: $39,500 ($62,000 – $12,000 – $10,500), or $2,000 more than today.
With perception being reality, Obama comes across as enegetic and self assured. McCain as slow and repetitive. I give the nod to Obama in the debate. But, my vote will go to McCain
The Blog: A compendium of thoughts on politics, world affairs, economics, pop culture and social issues, from the center right perspective of me a University of Virginia graduate who spent a career in the world's greatest Navy keeping my mouth shut about politics and social issues (ok, publicly keeping it shut). Those days are over! I've also invited a few friends to join in, so pull up a chair and chime in where you will. Keep it clean, civil, concise and relevant.
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251 comments:
1 – 200 of 251 Newer› Newest»Good evening from SW Oklahoma.
Welcome, my good friend.
Watching on CBS (HD), switching to Fox for postgame analysis.
Brokaw hosting...a non-factor in townhall format?
Just switched to NBC; forgot Katie was on CBS> She's a Wahoo, and she's good lookin', but I'm not a big fan.
Daddy Warbucks asking the first question?
Stupid first question
Obama is trying to be Bill Clinton in 1992
Gonna hear this theme all night...
Nope Obama, not the final verdict, but the opening chapter of a failed Obma presidency
Obama not answering the question...but talking to the country. Maybe a good tactic.
Well, it didn't take long to invoke BushMcCain
Dems don't cut taxes!
John...you gotta connect with Daddy warbucks!!!
Nice dog on the townhall meeting comment, McCain. But why talk about energy now?
John....you gotta get back to the man's question... there yougo....
Energy, taxes, govt spending, peace and prosperity, home values. Big John is covering the waterfront.
Retirees should not have mortgages!
Is that homesale thing even possible? Or is he crazy?
Pretty strong answer from McCain
McCain coming in hard on the economy. Stabalizing home value, opening to Obama.
Trust angle up front. Going on the attack?
Say ROMNEY
Buffet for Sec Treas? No.
Definitely. say Romney.
R u on the site 2nite hamptonparkfan?
Obama doesn't have a name...can't alienate anyone!!
How much mileage does Obama think he can get out of that bs fundamentals line?
Didn't take long for Wall St / Main St comment.
Tell me this African American asking this question is REALLY an undecided voter. Hey, are we keeping a count of how many times Main Street is invoked?
Get 'em John!!! Give them the names!!
Main Street Drinking game....
Greed on Main Street too. But we can't say that, it'll alienate the dummies
No doube that guy never hear of fannie and freddie. But hey, he's one of the 2%
McCain doing a good job of answering qeustions while attacking.
John is on attack mode. Love it.
Here is the Fighter Pilot McCain!
By the way, Round 1, McCain.
They can't get loans, but I'll tax the HELL out of them anyways...
Obama-istory...
Obama started strong in round 2
Does McCain seem a little stuttery? Do we think he's adequately making the Dem connection to the Fannie/Freddie problem?
Dan hit it on the head!
This guy is the master at changing history and his positions.
McCain pissing Obama off.
No sally, he's not making the connection, Name names!
After Obama is done pointing fingers, he acknowledges that voters don't want to see people pointing fingers. He is so lame
Surprised at Obama's comment. He can't say he's confident in the economy and maintain that he is bringing in new policies.
Round 2, Obama
Good shot, McCain, on the legislation authors
American innovators are the most innovative, not the American workers.
LOOK. I AM SMARTER THAN YOU.
BS...they spend on Credit Cards...
The economy doesn't respond well to leaders who say don't buy that car or go to the movies.
Right college affordability because everyone should go to college...
Another Obama stump speech
Where are the cuts coming from? Defense?
McCain has a good answer to the question and is on the attack.
McCain's on the attack...
McCain is much more specific on his answers. Reminds me of Newt Gingrich.
YAY! Got the liberal spending comment out! Now find a way to work in the liberal judge appointments
Hey, I'm in the defense industry now...earmarks are great!
Dan, the economy hasn't responded too well to Bush's request to go shopping either...
ATTACK. I thought I would never say it, but GO NAVY!
Energy Security!!!!
Bush hasn't told us to shop, lately ;-)
Round 3, McCain.
Nuclear!!!!!!
Americans want priorities, they want to be told, led in that direction, and come out ahead.
McCain's running on now...
Having to do them all at once.
So...what's the over/under on the My Friends-o-meter tonight? I'm saying 31.
BORING... NOTHING NEW IS GOING TO COME OF TONIGHT. CHANGE THE CHANEL..... JPH
"Investment"
Gas in OK is $2.79
some one really smart once said to me, "progress on all fronts."
Brokaw's losing control.
JPH, I'm telling 75th FiB you're throwing in the towel.
McCain giving more specifics. Oh oh. CW's job is in trouble?
Good question...sacrifices. Oh come on John. ask us to do SOMETHING....
Dan, i thought that was you.... hey JPH
Another dig at Obama's overhead projector.
McCain retracts defense comment.
"we're not rifle shots". Good job
my intent is fill out my absentee ballot tonight following the debate... still undecided but starting to lean.... jph
Good line about 'we're Americans and we're great.'
The price of gas has almost nothing to do with the number of power plants in the country. that thread drives me nuts.
What's wrong with shopping? Putting money into the economy when a shock to the system occurred?
Wow...Barack's for drilling now!
Obama: Drill, Baby, Drill
And we need to inflate our tires, too
I wll make the power and gas connection in another thread.
Volunteer Corps and military service are two very different tasks.
McCain will knock this out of the park. Obama will only talk vague ideas.
Didn't they have this conversation in the last debate?
GOod barbs from Barack
54 secs, 55, 56, 57, ...time's up!
Jimmy Carter told us to wear sweaters.
Hooverbama!
I am not voting for Obama because he constantly misuses "myself" himself. I am a single issue voter.
Listen to the champion of the small businessman! Doing great, McCain
CW, you are right let all american's spend like their gov't.... if i have check i must have money -- yippie;
well i am sad to say, but i firmly believe our way of life is ending before our eyes... this is just the beginning. Wasn't that Osama's strategic goal? JPH
McCain is on the attack again. Great point to make for tax rates, specifics the American wants to hear.
Tax rebates for new cars!!
Round 4, McCain
Hoover was a republican!
Glad Brokaw gained control
Give us a tax policy demo, Barack!!!
Half of whom pay no income tax already...
Obama will not let it rest on McCain's last comment. You'll see.
He is so full of crap. Why doesn't McCain ever point out that 95% of Americans don't pay taxes?
Obama doesnt understand what a SB is
sorry folks -- regardless what happens tonight the rout is on... this election was decided already. the vote is a mere formality... jPH
well i am sad to say, but i firmly believe our way of life is ending before our eyes... this is just the beginning. Wasn't that Osama's strategic goal? JPH
Don't you mean Obama?
Who pay the largest %'age of taxes
YOU"R DAMN RIGHT YOURE NOT POPULAR WITH YOUR OWN PARTY
McCain is staying on with what American public wants to hear. Social Security and other tasks that need a solution.
Sally you need to check your facts.. 95% don't? please.... JPH
Round 5, McCain
McCain should tell the Illinois taxpayers they should demand their money back for Obama's salary.
2%
Another "undecided" voter?
Nuclear, nuclear. Drill, drill.
I hate this format, but McCain's definitely better here than in other venues.
Talk to the jobs it will create
Yes!
That 95% came out wrong-I mean, there's a percentage of low-income Americans that don't pay taxes--they won't get a tax break, they'll get a refund check.
Did computers bring in a lot of jobs to the US?
First time Obama's talked about nuc power without saying that it depended on how we get rid of waste.
What has Obama accomplished in his tenure. McCain needs to jump on that.
I don't think I like this format either. Hard to discern a winner. I want to see a rumble.
I forget the exact stat (I can findit), but about 45 percent of american wage earners pay NO income tax.
Now Obama is against drilling.
Give the civics lesson John, talk about how good stuff gets attached to bad stuff in the Senate...
Both are just hitting talking points. I wish McCain would stand up and have a SNL moment and say Barack you ignorant slut....
It has to be a little of both, Tom.
Mac, talk about your Lexington Project. Specifics. Do it!!
BTW, oil is less than $90 a barrel. The news has missed that.
Round 6, no clear winner.
fella's the debate is close enough -- nothing is going to change..... not good for the sitting party JPH
Health should be the commodity. Give me a tax break for being fit, not smoking, etc.
Health Care is an oxymoron. It should be Sick-Care, or Unwellness Care.
School him on your health plan, John. You damn sure better have that answer handy.
PLEASE get specific here.
"fella's the debate is close enough -- nothing is going to change..... not good for the sitting party JPH"
Just remember, the Germans were all about change in 1932.
Are you really comparing Obama to Hitler?
Obama no longer "The One." Now he's "That One."
Great answer, leave the hair jokes to Jeff Foxworthy
John blew the tax answer...his plan is better, but he didn't explain it. Nice dig on Biden with the Hair transplants.
Unfortunately family health coverage unless as part of a large pool is well over 5K
Health care is a right.
Medical care is not a right.
Nope, health care is not a right Barack.
Obama is SMARTER THAN ALL OF US. Tom Brokaw should take him to the woodshed. Obama reminding me of Bill Clinton.
Bill--remind me to lay out for you why what you just said isn't the important aspect of the plan...
Obama just lost delaware....
Shut the mike off, Tom.
Well Dan, I will agree that Obama is smarter than all his followers.
McCain blew that health care one.
Let's see if he quotes the Maritime Strategy
I also think that the government should ensure that all Americans get only the very best food. It should subsidize family grocery budgets so that everyone can shop at Dean and Deluca. Healthy, exquisite food is a right.
Round 7 (health care) obama
Obama will make sure he gives props to McCain's service, and then launch into Bush's failed policies.
CW: I will buy lunch and listen if you will allow me to talk about paper and reality
Obama wants to attack Pakistan.
Bill, it is a very simple thing.
Obama will cut defense. Supplemental will dry up.
Strength has diminished in 8 years? What the hell? Does he realize that he has the most battle hardened, reenlisted force ever??
Bill...just for you....
Biden and Obama want to leave voters with the impression that they are going to get a $5,000 tax credit from McCain even though health insurance costs $12,000 per family, on average. Where’s the additional $7,000 going to come from?
Here’s how it would really work.
Suppose a worker gets $50,000 in cash wages and $12,000 in health insurance.
Right now, he pays federal income taxes on the wages but not the health insurance. Let’s assume, for reasons of simplicity, that the tax rate he is paying is a flat 25% on his wages. He therefore pays $12,500 in federal income taxes. His after-tax, after-health-care income is $37,500.
Now, under the McCain plan, his employer keeps paying the premium, which is now counted as income to the worker. He therefore pays federal income taxes on $62,000, or $15,500.
But he also gets a tax credit of $5,000 for health insurance, which means that, all in all, he owes $10,500 in federal taxes, or $2,000 less than he does today. His after-tax, after-health-care income is $39,500.
If the worker decides to buy his insurance in the open market instead of through the employer, the result will be the same. His employer is indifferent to how he pays his worker as long as total costs are the same. So instead of paying premiums, the employer pays his worker $62,000 in cash wages and does not pay anything toward insurance. The worker again owes $15,500 in taxes on this compensation, and he also must buy health insurance costing $12,000. So, his pre-tax income is $62,000, he owes $12,000 in health insurance premiums, and he owes $10,500 in federal taxes (after claiming his credit). His after-tax, after-health-care income is the same: $39,500 ($62,000 – $12,000 – $10,500), or $2,000 more than today.
Darfur? McCain should school him on committing us where there are no national interests. Like Darfur.
We did intervene in the holocasut you idiot, it was called WWII.
(With apologies to idiots)
No fly zone in Dafur?
McCain should say that there is no national interest in Darfur. 99% of the US will agree with him. No more "Operation Just Because."
McCain's got a lot of things, but a cool hand?
That's as good an answer we'll get, I guess, without saying Darfur isn't important.
Round 8 National Security. No clear winner.
CW: lunch is on me. I understood all of this but thanks for the tutorial
I hate his pronunciation of "POCK"-istan.
Round 8 still on-going. Obama with no answer on Pakistan.
Kill and crush...so sexy Barry!
If Bin Laden is the only reason we'd go into Pakistan, then we'll never go into Pakistan.
McCain gains lead in Round 8
Obama cannot stand it. Read the WaPost:
www.washingtonpost.com/wp-dyn/content/article/2007/08/01/AR2007080101233.html -
Come Mr. Tal-ee-bahn tally me bananas...
Pahkeestan?
Mccain can follow the rules
Wish there were ring ropes here so punches can be thrown. Obama is on the ropes and it isn't a rope-a-dope
2 Aug 2007 where he said he'd invade Pakistan
Round 9, Afghanistan. McCain
Does Barry HAVany old veterean friends? His buds bombed and spit on our soldiers
We have allowed acceptable dictators all over.
Most Americans don't know the difference between Petraeus' responsibilities for Iraq and now CENTCOM.
Round 10...afghanistan 2...no clear winner.
"We have allowed acceptable dictators all over."
He may be a son of a bitch, but he's our son of a bitch.
JFK
Love that KGB line...
Hey, flip over to CNN-they have one of those approval meters on the bottom of the screen
Tell the audience how you differed from Bush on Putin.
Obama has no clue. Support to Poland? Missile Defense?
He's losing steam (obama) and is on unfamiliar territory.
The CNN approval-meter is cool. Not sure if it is valid, but it is cool to watch.
With perception being reality, Obama comes across as enegetic and self assured. McCain as slow and repetitive. I give the nod to Obama in the debate. But, my vote will go to McCain
Looks like the ladies dig Barry O.
Good luck Tom on yes or no.
Just say yes or no you punk
Round 11, Russia...McCain
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