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.
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Re: Obama outlines economic proposals
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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.