Barack Obama outlined his economic policies today.
In a speech at the N.C. State Fairgrounds, the presumptive Democratic presidential candidate called for a $50 billion economic stimulus package, help for homeowners facing foreclosure with refinancing and mortgage tax credits and expanded health care coverage.
He attacked "special interest loopholes" in the federal tax code and continued his attacks on free-trade agreements.
After an introduction from Gov. Mike Easley raised the issue, Obama repeated his concerns about the fairness of existing agreements like NAFTA.
"There is nothing protectionist about demanding that trade spread the benefits of globalization as broadly as possible," he said.
Comments
Re: Obama outlines economic proposals
June 9, 2008 - 9:25pm — maxlyndaSO?
My point has nothing to do with whether the corporate tax rate should or shouldn't be lowered. It is merely to point to a demonstrable fact: that the percentage of federal revenues paid by corporations has decreased as the rate has decreased. It is also true that previous decreases in corporate taxes have been followed by slight increases in revenues, but not an increase in the percentage of the share paid by corporations. All this is, for most middle class taxpayers, largely irrelevant, of course. What they have experienced in recent years is a lowering of their standard of living. The contrast between these two facts is fodder for the politicians.
Your argument is with others.
Re: Obama outlines economic proposals
June 9, 2008 - 6:12pm — MattMSorry to bust your bubble, but the Chair of the Ways & Means Committee, Charlie Rangel, believes the corporate tax should be lower. Check your own facts.
Re: Obama outlines economic proposals
June 9, 2008 - 4:53pm — maxlyndaLOOK IT UP,
CHECK IT OUT,
ASK QUESTIONS
The difference between the maximum corporate tax rate and the effective corporate tax rate accounts for a decreased percentage of revenue from corporate taxes. That's the bottomest line. It explains why some corporations make billions and pay nothing in taxes.
When considering economic issues question all simple answers, believe no one named Dick, and rely more on reason and common sense than on skewed political mathematics.
Re: Obama outlines economic proposals
June 9, 2008 - 3:14pm — MattMI love how the US corporate income tax rate is 35%, and as high as 41% in some cases, yet those same businesses need to "pay more taxes" than they are. Unbelievable. Dick Morris was right about this, Obama's from the dirtiest cesspool of politics in the nation: Chicago.
Re: Obama outlines economic proposals
June 9, 2008 - 1:50pm — FFC1304$50 BILLION in more stimuli...sheesh, izzat the 1st thing out his mouf?
Do you EVEN have a CLUE what your taxes will be like with this NONexperienced rookie?