McCain Tax Plan Gives Nothing To Families In Poverty
McCain Tax Plan Gives Nothing To Families In Poverty
Our guest bloggers are Ben Furnas, Robert Gordon, and James Kvaal, who are a research associate and fellows at the Center for American Progress Action Fund, respectively.
Later this morning, Sen. John McCain will visit New Orleans’ Lower 9th Ward as he continues his tour of impoverished America. His rhetoric is great, but so far the scorecard for his “poverty tour” is four days, one new idea: another corporate write-off, this one allowing “companies to write off the cost” of providing high-speed Internet in low-income communities.
Sen. McCain is proposing $3 trillion in tax cuts that would offer nothing to people living and working in poverty. More than half would go to corporations, and much of the rest to high-income taxpayers in the form of AMT relief.
Even McCain’s one tax cut that really will help the middle class — doubling the personal exemption for dependents from $3,500 to $7,000 – will do little or nothing for working poor families. These families usually do not pay any income taxes and thus will not benefit, even though they pay thousands of dollars in sales and payroll taxes. Meanwhile, the largest tax cuts will go to families at the top.
Read more here.
2 Responses to “McCain Tax Plan Gives Nothing To Families In Poverty”
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Sen.McCain is running on WARMONGERING and TAX CUTS for the corporations of America that are outsourcing our jobs to make more $$$$ by lowering wages that can`t even keeping the basic nessecities is getting harder and harder everyday. McCain is way out of touch with the middle class what is left of it and the poor and working poor of this country and he doen`t see what his tax cuts for the wealthy do to us, this guy is bad news for our country and it`s citizens.As to his warmongering we all know what he want`s to do in Iraq for the next 100 years and what he wants to do to Iran, He wii cripple this country for good if he wins in November.
April 24th, 2008 at 10:53 amPathetic, I was recently talking with someone who makes a good 200k+ a year and he debated on if these people who make so little money should even pay taxes. The government shouldn’t need that much money, and the money they need they should get from the top of the stack.
April 24th, 2008 at 1:15 pm