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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (7989)	3/1/2009 4:38:30 PM
From: puborectalis	Read Replies (1) \| Respond to of 103300

The part of Obama's tax plan that results in widespread tax cuts is a tax credit for workers, intended to offset payroll taxes. Single workers would get $500, and working couples would get $1,000. But not all taxpayers get paychecks from an employer, and those who don't would not get the credit. Additionally, Obama intends to raise taxes on higher brackets ($200,000 for singles and $250,000 for couples) which would offset any tax cuts for those incomes. A detailed analysis by the nonpartisan Tax Policy Center found that if you look at all tax filers, 81 percent of tax filers would see reduced taxes under the Obama plan. So Obama's statement at the debate glosses over a few important details about who would get tax cuts under his plan. If you're talking about everyone, it's 81 percent. If you're talking about working families, it's 95 percent. The difference between 81 percent and 95 percent is not insignificant.