Tag Archives: taxes
This chart, from WaPo, is a comparison of Barack Obama and John McCain’s tax plans, showing how each plan will affect the amount of taxes people in each income group pay.
For people who prefer colorful images to long descriptions and numbers, let this one quickly lay to rest the assertion that McCain’s tax plan is better for the middle class.
*UPDATE*: Alan Greenspan has already come out against McCain’s tax plan:
“I’m not in favor of financing tax cuts with borrowed money.”
I know.Â It seemed like such a great idea to me too.
I would like to bring you a very special Bonus Quote of the Day from our very own University of Michigan College Republicans. Today our dual viewpoints ran in the Michigan Daily… There was a glaring contradiction in the explanation of John McCain’s economic policy – take a look.
Low taxes are essential to creating this pro-growth environment. Thatâ€™s why McCain has pledged to make permanent the tax cuts passed in 2001 and 2003.
McCain has made a career of being a maverick reformer, fighting wasteful spending that costs American taxpayers billions of dollars and breeds record-high deficits and corruption. He broke with his party in 2001 and 2003 to oppose the tax cuts because they would lead to greater deficits.
So which is it? Did he oppose them before he supported them? Where does John McCain stand on the economy?
One result of the 2006 election was that Andy Dillon (D-Redford Township) became the Speaker of the Michigan House of Representatives. One result of the 2007 budget battle was a recall campaign aimed at several legislators across the state that voted for the budget agreement, which included some tax increases.Â
Now, most of the recall campaigns have fizzled into oblivion, except the one to recall House Speaker Andy Dillon.Â
The recall campaigns have been financed and led by Leon Drolet -Â familiarÂ from the Prop 2 fight and director of the Michigan Taxpayers Alliance – who has taken it on as a personal battle against Dillon. The mood on the ground in Redford Township has become increasingly hostile as petitioners have taken to the streets in droves to gather the necessary signatures before thursday. Besides carting in outside petitioners, the Drolet campaign has been caught paying citizens to sign the petition. The article in the Detroit Free Press describes the situation as…Â
On the streets of Redford Township and Dearborn Heights, it has been a seething, name-calling scrum of public rallies, court fights, verbal confrontations and charges of deception, law-breaking and police harassment.
This campaign really comes down to a symbolic fight over the future of the State of Michigan. On one hand are the politics of a conservative ideology that led this state into its current economic and financial mess. On the other hand is the legitimization of the Democratic majority in their battle to fix Michigan. A blow against Speaker Dillon would be a symbolic blow against the entire party and the gains it made in the 2006 election.Â
Last week we heard about an ugly bill that Speaker Dillon was bringing to the House floor concerning abortions. This bill was not only a bill to force rank-and-file Democrats into putting down a vote, but test for Speaker Dillon to see 1) if he would bring it to the floor and 2) how he would vote. His district is far from being a safe Democratic seat, and forcing him to take a stand on worthless bill like that is another tool in the Republican cache. Bringing the fall of Andy Dillon, a potential Democratic gubernatorial candidate, would be a prize for a Republican Party that has seen nothing but failures in the state of Michigan as the voters reject their ideology.Â
The drive to recall Andy Dillon must be defeated. The tactics of the petitioners are eerily similar to Florida 2000, Ohio 2004, and Prop 2 2006… all maneuvers by the Republican Party to take power at any cost. Â Â