Presidential economics ...abridged version for people who don't like detail

Obama Plan

redistribute wealth...giant step to socialism...
bigger government...more taxes
tax the rich and business more to make up for token dole to 95%
raise capital gains tax, raise estate tax
add a national health plan and increase taxes to cover, add more bureaucracy, $$$$$
limited drilling, develope other energy sources, wind, solar, maybe nuclear

McCain

maintain Bush tax cuts
do away with inheritance taxes
reduce capital gains
cut government spending
drill, drill, drill.....develope other sources, wind, solar, nuclear
tax breaks for business to encourage growth and jobs

The problem with FactCheck and Urban-Brookings as posted, is they only give you what you ask for to confirm or deny a candidate's talking point. What is conspicuously absent, by omission or design, is where is Obama going to get the money to fund his grand promises. If the response was totally honest, it would have included the significant tax increases on the wealthy, corporations and businesses that he intends to impose to make up for the cuts.

The IRS reports that, "The Internal Revenue Service has released data on tax year 2003 that show the top 1 percent of taxpayers, ranked by adjusted gross income, paid 34.3 percent of all federal income taxes that year. The top 5 percent paid 54.4 percent of the whole, the top 10 percent paid 65.8 percent, and the top quarter of taxpayers paid 83.9 percent."

Kahuna, what reactions will the above group, already paying the highest tax rates, pursue if their taxes are greatly increased? Would the wealthy reduce their expenses, lay off help, sell off and stop buying real estate, cars, etc. ? Would big business reduce their work forces, pass on to the public their increases in higher prices for goods and commodities with the net result of taking more money out of the pockets of the masses, negating the alleged tax relief, and forcing them to cut their own expenses thereby driving the working man's cost of goods and the economy down further?

The growth of government under Obama's plan is frightening. Health care alone will require a monumental bureaucracy and concurrent regulations and regulators. When is the last time government has run anything efficiently? In New Jersey, Governor Corzine,
a liberal democrat and Obama supporter, pushed a rebate check to the masses. Great political tool for votes. Why didn't he just reduce our taxes by the amount of the rebate check and save the millions it cost to administer the program? Multiply that by Obama's big government ideas and prospects are frightening. If you want to see the future under the Obama plan, look at Corzine's New Jersey, the most highly taxed state in the union with businesses and taxpayers fleeing the state.

McCain's plan is the lesser of two evils in my opinion. The last I heard, the Democratic controlled Congress had a 9% approval rating. Gee, I wonder who that 9% is. I've heard the 1 out 10 people in America is on the government payroll. Hmmmm. Factor in relatives of Congress and ...........fill in the blanks.