DEBATE:Obama's "Net Spending Cut" shows disconnect with reality.

Business is not taxed on revenue, but on net income. Investments made into a business are typically tax deductible, so that after all expenses are paid, a net income of $250,000 or less would describe the vast percentage of small businesses in the country.

Obama's tax plan cuts taxes "for 95 percent of all working families."

The linchpin here is Obama's tax credit for workers, which is intended to offset payroll taxes. Single people can qualify for a $500 credit; married people filing together could get $1,000.

Obama wants to roll back the Bush tax cuts for people who make $200,000 or more if single and $250,000 or more as a married couple. Those people would get the credit, too, under Obama's proposal, but it would be wiped out by their higher income tax rates.

Most people, though, don't make more than $200,000. In fact, according to Internal Revenue Service statistics, about 97 percent of all filers made less than that.

Now it's into the nitty-gritty. Obama said his tax plan would reduce taxes for 95 percent of working families. We consulted the nonpartisan Tax Policy Center, which has created detailed models for how each candidate's tax proposal would affect American taxpayers. The center's complex model includes the indirect effects of certain tax policies, such as Obama's proposed rate increase for corporations.

The Tax Policy Center's analysis does not specifically look at the subset of tax filers who are "working families." But the center can make the following statements about Obama's tax proposal, said principal research associate Bob Williams:

• 95 percent of all tax filers (working and nonworking) will get a cut in their individual income taxes.

• 95 percent of all families with children (working and nonworking) will get a cut in their total federal taxes.

Every taxpayer has different individual circumstances, but if you make less than $200,000 a year and you work, we can't see how your taxes would go up under Obama's proposals. IRS data show that 97 percent of tax filers make less than $200,000, so there are even two percentage points worth of leeway there. We rate Obama's statement True.

McGovern, you of all people should know of the myth of wartime prosperity .

McCain's Small-Business Bunk

He claims 23 million small-business owners would pay higher tax rates under Obama. He's wrong. The vast majority would see no change, and many would get a cut.

Your just repeating Obama's talking points

Maggie,

The site I linked is factcheck.org - not BarackObama.com...  The site is a nonpartisan watchdog organization that fact checks both candidates to keep Americans informed on the facts and lies that either candidate issues.

Maggiemay, the people in those links are fact checkers. Note: they check facts
Nobody's regurgitating talking points unless those talking points happen to lie somewhere in the realm of "truth".

Edit: arcane, you beat me to it! darn you and your liberal socialist facts based on reality!

Fact check is a part of Annenburg. As in Annenburg Challenge. As in Obama and Ayers.

did you notice those citations in the form of links on those pages? Would you like to start attacking the credibility of websites like census.gov and sba.gov?
Its funny when people ridicule websites that just relay the truth and back it with sources. Instead of attacking the information, they find any way they can to attack the messenger.

But no, you're one to something here. Annenburg also has the name Anne in it. Like Anne Frank, who was persued by nazis. So annenburg is practically antisemitic as well.

maggiemay-596099

Fact check is a part of Annenburg. As in Annenburg Challenge. As in Obama and Ayers.

Barack Obama was a board member of the Chicago Annenberg Challenge 1995-2000.

Chicago received $49 million from a $500 million endowment by Walter H. Annenberg, the billionaire publisher, for school reform efforts nationwide, and the city added $98 million in matching funds for the Chicago Annenberg Challenge, a philanthropic campaign that financed enrichment projects at a third of the city’s 600 schools.

Mr. Obama was nominated to the Challenge board and was elected chairman in 1995, said Ken Rolling, executive director of the group, which operated through 2001. Mr. Obama continued to teach law during his five-year unpaid tenure as board chairman, and he was twice elected to the Illinois Senate.

The Annenberg Foundation was established in 1989

The Annenberg Foundation, established in 1989, is the successor corporation to the Annenberg School at Radnor, Pennsylvania founded in 1958 by Walter H. Annenberg. Serving as Ambassador to the Court of St. James from 1968 to 1974, Ambassador Annenberg enjoyed a distinguished career as a publisher, broadcaster, diplomat and philanthropist. He was President, and subsequently, Chairman of the Board, of Triangle Publications, which included TV Guide and Seventeen Magazine, as well as radio and TV stations nation-wide.

The Annenberg Foundation exists to advance the public well-being through improved communication. As the principal means of achieving this goal, the Foundation encourages the development of more effective ways to share ideas and knowledge. Ambassador Annenberg founded The Annenberg School for Communication at the University of Pennsylvania in 1958 and The Annenberg School for Communication at the University of Southern California in 1971. In 1983, he established the Washington Program in Communication Policy Studies in response to the growing awareness that difficult government and industry problems were emerging in the rapidly changing telecommunications field.

Factcheck.org established in 1994 by Walter Annenberg

The Annenberg Political Fact Check is a project of the Annenberg Public Policy Center of the University of Pennsylvania. The APPC was established by publisher and philanthropist Walter Annenberg in 1994 to create a community of scholars within the University of Pennsylvania that would address public policy issues at the local, state, and federal levels.

The APPC accepts NO funding from business corporations, labor unions, political parties, lobbying organizations or individuals. It is funded primarily by the Annenberg Foundation.

The Annenberg Foundation since its founding, it has awarded over 5,200 grants, which total in excess of $2.8 billion.

The Annenberg Foundation has 12+ projects and organizations

Also, Maggie

If you scroll down on the factcheck article - you'll notice the wide array of sources utilized to check the facts.

Sources
John McCain 2008. "Remarks By John McCain On His Jobs For America Economic Plan," 7 July 2008.

CQ Transcripts. "McCain Addresses the League of United Latin American Citizens." washingtonpost.com, 8 July 2008.

John McCain 2008. "Remarks by John McCain at his Ohio Town Hall Meeting,"  9 July 2008.

John McCain 2008. "John McCain's Weekly Radio Address," 12 July 2008.

U.S. Census Bureau. "Statistics about Business Size (including Small Business) from the U.S. Census Bureau," Web site accessed 14 July 2008.

Office of Advocacy, U.S. Small Business Administration. "Frequently Asked Questions; How many small businesses are there?" Web site accessed 14 July 2008.

Office of Advocacy, U.S. Small Business Administration. "Private Firms, Establishments, Employment, Annual Payroll and Receipts by Firm Size, 1988-2005," accessed 14 July 2008.

U.C. Census Bureau. "Nonemployer statistics: Coverage and Methodology," accessed 14 July 2008.

Claudia Parsons. "Obama proposes small business tax credits for health." Reuters, 14 July 2008.

Table T08-0164 "Distribution of Tax Units with Business Income by Statutory Marginal Tax Rate, Assuming Extension and Indexation of the 2007 AMT Patch, 2009" Urban-Brookings Tax Policy Center, 20 May 2008.

"Kerry tax plan and small business." Urban-Brookings Tax Policy Center, 14 Sept. 2004.

There's no hope for a person if they sincerely believe that the Census is biased towards Obama.

The $300 is already been built into the $700

The $300 is already been built into the $700 Not according to John McCain.

In the 1996 and 1998 elections, Republicans lost Congressional seats but still retained control of the House and, more narrowly, the Senate. After the 2000 election, the Senate was divided evenly between the parties, with Republicans retaining the right to organize the Senate due to the election of Dick Cheney as Vice President and ex officio presiding officer of the Senate. The Senate shifted to control by the Democrats (though they technically were the pluraity party as they were one short of a majority) after GOP senator with the Democrats) as well as the majority of state governorships (28-22).

All politicians lie. It's a fact. Obama isn't any different from any other politician. He lies also. All I'm saying is you can't go off the word of any politician. If you do you will be very disappointed. You can not take the word of any of them. You have to look at their background,and what they have done  in the past,and are they worthy of your vote on past behavior. Who they have associated with,and their motivation in running for office.The other question is. How much government do you want?The more you get government involved in your lives the more it is screwed up. Before long they are in complete control of your life. I don't want government telling me what I can do,and how to do it.

So Maggie, if you can't trust any of the politicians in your government - why do you choose to live in this country?  Because, the Republican party has transformed into a government machine.  Sure, they sing high praises about less government in regards to Welfare State issues...  However, they're more government in every other regard nowadays. 

So again, why do you still choose to live in a nation where you feel that your government solely consists of liars?

I have been a Dem my whole life,and your not getting the point. You can not go off of what they say they are going to do. Clinton said he wouldn't raise taxes did. I voted for him twice so don't tell me about it. It is a fact that Democratic want a bigger government. They always have. Yes we had the grand Ideal also when we were young,and thought we could change the world, but it didn't happen. All parties will make bigger government,but the Democrat's through out history have been big government. By the Constitution the government is here for our safety not to run our lives. It is not our right to have government take care of us.

It has already been proved that without the government's support in regards to taxation and programs that assist those who are unemployed by training them and adding them back as an asset on the market - the class divide only widens.  We've already seen what happens when there's a huge class divide with giant corporations at the head of the pack in many failed nations in history.  It's important the government steer clear of ruling over our personal liberties - however - it's imperative that the government keep the infrastructure running smoothly, however it has to.

In the 1996 and 1998 elections, Republicans lost Congressional seats but still retained control of the House and, more narrowly, the Senate. After the 2000 election, the Senate was divided evenly between the parties, with Republicans retaining the right to organize the Senate due to the election of Dick Cheney as Vice President and ex officio presiding officer of the Senate. The Senate shifted to control by the Democrats (though they technically were the pluraity party as they were one short of a majority) after GOP senator with the Democrats) as well as the majority of state governorships (28-22). Don't cherry pick. If you're going to present the data, present the data.

              Senate                        House
              Rep     Dem               Rep     Dem
104th (1995)  54     46                    230     204
105th (1997)  55     45                    228     206
106th (1999)  55     45                    223     211
107th (2001)  50     50                    221     210
108th (2003)  51     48                    228     206
109th (2005)  55     44                    232     201
110th (2007)  49     49                    200     233

You seem to claim that the Democrats took control of the Senate during 2001. Because Al Gore could break ties, this gave the Democrats a slim majority for the 17 days between the January 3 swearing-in of the new Congress and the January 20 inauguration of Dick Cheney. After that, Republicans held control until June, when Jeffords crossed the aisle, giving Democrats a slim lead. They held that majority for a little over a year, until Wellstone died in October of 2002, and an Independent took his seat, bringing the parties to parity. While this juggling act went on, Republicans continued to hold the House.

So to sum up, in the last 14 Congresses (97th-110th, or twenty eight years)

• The Republicans controlled both the Whitehouse and Congress for five of them, and
• The Whitehouse and at least one side of Congress (House or Senate) for an additional four and a half.
• The Democrats have controlled the Whitehouse and Congress for one of them (the 103rd), and
• Controlled Congress but not the Whitehouse for an additional three and a half

I stand by what I said. At most, I'm off by one year, during the 107th.

All politicians lie. It's a fact. Obama isn't any different from any other politician. He lies also. I've never said he doesn't. But what's encouraging to me about Obama, and discouraging about McCain, is that when fact-checkers note that he's made a claim that just isn't right, he corrects his future statements. McCain, on the other hand, ignores fact-checkers, and continues to repeat debunked talking points as though everyone is either living isolated in a cave, or can't read the facts. In other words, McCain is acting like Bush, even without being in the Presidency.How much government do you want? Despite the common wisdom that Democrats want to increase the size of government, it has gotten its largest growth under Republican Presidents in the last 28 years, and plateaued for a time under Clinton.

I don't want government telling me what I can do,and how to do it... By the Constitution the government is here for our safety not to run our lives. Since when has either party paid any attention to the Constitution? I think the last President to actually go by the Constitution was Thomas Jefferson. I'm not saying that a return to Constitutional principles in government would necessarily be a bad thing, just that your referencing it as though it cut Republicans any slack whatsoever is either misguided or disingenuous. At least, in my opinion.

iarnuocon,

Excellent work with the research you put into that comment.

Excellent indeed!