Word: taxed
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Dates: during 2000-2009
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Seven years ago, as Brokaw pointed out, McCain himself was sounding redistributionist, complaining about President Bush's tax cuts. Campaigning against Bush in 2000, he said that "when you ... reach a certain level of comfort, there's nothing wrong with paying somewhat more." Obama has said no more than this, except to set the "level of comfort" at $250,000, which is pretty comfortable. McCain is free to argue that Obama will raise taxes on people making less than $250,000. My bet is that whoever wins the election will be forced to. But his apparent belief that the very...
While capital improvement plans for affordable housing have not been directly affected by the budget cuts—state and federal support for affordable housing largely comes in the form of bonds and low-income housing tax credits—the recent economic crisis has made the value of such investments decrease...
...used to be that if we got an allocation of tax credits, say a million dollars, we could actually get out of the investor about $900,000,” said CHA Director of Planning and Development Terry Dumas. “Now we probably get 780,000, so we’ve lost almost 14 percent of the power of the tax credit program...
...current crisis, the economic policies pursued over the past eight years have rewarded unbridled greed and corruption while neglecting the backbone of the American economy–the middle class. For the vast majority of Americans, John McCain’s economic agenda, which will make the Bush tax cuts permanent and continue the discredited trickle-down policies of the past eight years, is unlikely to mitigate the pain of a very real recession...
...Senator Obama’s plan, on the other hand, correctly assesses that the best way to help American families is to give tax relief to the middle and lower classes, whose spending will help to stimulate the national economy during the current downturn. It is true that some Americans–those making over $250,000 a year–will see their tax rates return to those of the Clinton era, but such an increase in taxation is justifiable, since the additional revenue will be used to repair the disastrous legacies of the Bush Administration...