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McCAINS NEW WELFARE STIMULUS PACKAGE, GIVE SEVEN THOUSAND-DOLLAR TAX CREDIT, FOR EACH CHILD.
http://online.wsj.com/article/SB122031215585888783.html?mod=googlenews_wsj
John McCain Has a Tax Plan To Create Jobs
Mr. McCain's plan will significantly ease the tax burden on American families with children by doubling the personal exemption to $7,000 from $3,500.
All you Joes and Janes, imagine you could have 10 kids @ 7000.00 dollars = 70k a year
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Fact check. A deduction is not a refundable credit. Ten kids not mean you get a check for 70K.
October 21, 2008 1:23 PM | Reply | Permalink
Where does the money come from to support programs, when you give someone a deduction? Is it a matter of redistribution?
If the government's receivables, has to deduct the expenditure of deductions.
Who in McCain's plan makes up the deficit?
Yet if Obama tells Americans he is going to make up the revenue lost, because of certain necessry programs, and he will finance them through taxation, somehow he's for class warfare, he wants to spread the wealth.
So it appears McCain’s plan will give a deduction, but it will come at the expense of program cuts? Program cuts that may be needed by the very families he gave a deduction to?
Besides, I suppose if you're of a faith that encourages having many children, for sure you'll get a deduction, but someday you may need government assistance because of economic downturns.
Like his Health Care plan, he'll give a tax credit to whom? People who make no income will have no credit?
October 21, 2008 7:51 PM | Reply | Permalink