Politics & Current Events
vlagrl29
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can someone tell me what Obama's plan is?
I know a lot of you say that Romney doesn't have a plan or that it doesn't include enough details for your liking. Can anyone, republican/democrat/independent please tell me what Obama's plan is for the next four years economically speaking? A democrat friend I have on Face Book told me that Obama has a 3 point plan, but couldn't exactly put it into words for me. It seems that no one I know on Facebook can answer this for me.
Re: can someone tell me what Obama's plan is?
It's laid out on his website...
http://www.barackobama.com/taxes?source=primary-nav
and here's another, from http://www.cnbc.com/id/48739927/Stark_Differences_in_Ryan_Romney_Obama_Tax_Plans...
Obama:
Personal income taxes: Obama would keep tax rates the same for families making less than $250,000 annually. For families earning more than that, he would raise the top two tax brackets to 36 percent and 39.6 percent. The highest tax rates have been 33 percent and 35 percent for the last 11 years.
Obama in February offered a long list of corporate tax breaks he wants to end, ranging from accelerated depreciation and inventory accounting to interest on overseas profits and various tax provisions benefiting oil and gas companies.
Like Romney and Ryan, however, Obama has not presented clear plans for dealing with the much larger, middle-class tax breaks.
Investment income: Obama wants to raise the tax rate on dividends to match the ordinary income tax rate for the two highest income brackets. He would boost capital gains taxes from 15 percent to 20 percent for that group.
Private equity and other financiers would see a portion of their compensation, known as "carried interest," taxed as ordinary income, a change from the 15 percent rate they pay now.
Alternative minimum tax: Obama has endorsed the "Buffett rule," named for billionaire investor Warren Buffett. It would require households making more than $1 million a year to pay at least 30 percent of their income in taxes.
Estate tax: Obama backs restoring the 45 percent estate tax level after a $3.5 million exemption imposed on assets passed to heirs. The current estate tax level is a 35 percent tax after the first $5 million.
Corporate tax rates: The president would lower the top corporate rate to 28 percent from 35 percent. A corporation's foreign profits would be subject to an unspecified minimum tax rate. Businesses would get a 20 percent income tax credit to move operations into the United States while tax deductions for shifting operations abroad would be dropped.
Full plan http://www.mittromney.com/jobsplan
There's also a one-page summary on the website.
I feel like Herman Cain---"it's on the website."
I did earlier in the week, you must have missed it. I copied a link. I've also stated why I'm voting for him several times....thanks for being so observant.
You're voting for him several times? Glad we've learned from the Democrats.
(that joke was not at your expense, but at the voting shenanigans that led to a Gregoire or Franken victory)
Obama has not presented a compelling vision for his second term. I find it interesting that he focuses on banal distractions like "Big Bird" and "binders" after the debate.
There's no uplift in the Obama 2012 campaign, just fear-mongering over what Romney might do. The media have been willing accomplices in painting Romney-Ryan as the incumbents. It's odd. Usually, an incumbent would focus on the positive...
thanks for explaining the joke
I did check out obamas website and read his plan before I wrote this post. I just didn't think it was that thorough and thought I was missing more points that he had or something of more depth. anytime he says the word "invest" it pretty much means he wants to keep spending.
Lol. Or maybe I wasn't on the nest that day? Thanks for the info! I still totally disagree with you, but at least you responded.
I think those things are the best that he can find to pick at and I think it's silly the spin that these terms have come up with. I find it no way sexist about the "binder" comment. back in the day resumes were hard copies printed out and put into binders, hello. they are just trying anything at this point
its the liberals putting a twist on it cause they got nothing else
I actually don't think the binder comment is offensive, but it is funny. It just sounds funny. It caught on because Romney doesn't have an otherwise strong record on women's rights.
I can't speak for everyone, but I personally don't mind that he said he was sorting through a "binder full of women.". What I do mind is that he lied about asking for it when in reality s wimen's group put it together and urged that he use it.
?? In the Gregoire election there were 27 cases (out of approximately 2.7 million votes) of double votes. And no one knows whether those double votes were in favor of Gregoire or Rossi.
i don't believe for one second that he meant the binder comment in the way I'm about to describe. BUT in the fourth season of Big Love, they talk about the books that the older men used to pick their new wives from. Each page had a picture of the girl and then a close up of her feet and hands. So now when I hear about the binders full of women, I think of that. And it creeps me out all over again.
Pardon my vagueness, but I do know that the ACA doesn't increase taxes, except for those who opt not to receive health insurance. By insuring more people, the health insurance companies make up for what they lose by covering preexisting conditions.
The "binder full of women" thing was funny. It just was.
I was more upset that Romney didn't actually answer the question he was asked that led to the "binder full of women" comment.
Kind of like conservatives putting a twist on the "not optimal" comment by Obama?
Word.
And, here's the problem with that kind of thinking. It doesn't add up! Someone, somehow, somewhere HAS to pay for all these magical benefits that are going to be handed out to everyone and their brother. By insuring more people, you are incurring more costs, putting more of a drain on the already drained system and increasing costs for everyone...you know that's already happening, right? I mean, my premiums alone have increase between 9-12% over the past two years along. We simply cannot think that we are going to insure all the uninsured and not have to pay a dime. Sadly, this type of thinking is what's keeping us in the mess we're currently in.
It sounds like you think we have to pay either the cost of the ACA or $0. The real alternative is not $0, it's the HUGE long-term cost of a population that hasn't received proper preventative care and medical care. It's not free but it's something society needs, paying for it through the government allows us to be strategic and preemptive not to mention more equitable.
I think I'm with the poster above as well. I know there will be a cost but I do not believe that it will be LESS than what we currently spend. Insuring all these additional people will be much more expensive than our current situation. In addition, you can add in the shortages; physicians, nurses, medical supplies, medications...
I adore Herman Cain! I wish he had gotten the nomination.
Funny how those women accusing him of sexual harassment simply faded off into the sunset when he suspended hie presidential campaign...
The problem with Mitt Romney's job plan is that he keeps saying it's based on cutting taxes for the middle class, but the Brookings institute says it "would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers."
And your link says Romney supports exact same ideas about energy independence, education, and trade as Obama. If you like Romney's plan, why don't you like Obama's? They're the same.