Word: taxed
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...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...
...Senator Obama’s plan, by contrast, is a breath of fresh air in an otherwise stale debate. Obama supports a comprehensive cap-and-trade emissions reduction scheme, which would auction off pollution permits to various firms. Obama has voted for critical tax credits to the renewable energy sector, including wind and solar energy companies. Additionally, Obama’s plan to invest a significant sum—up to $15 billion—in the development of alternative energy technologies represents a much-needed departure from the failed policies of the past eight years...
...many of whom are hostile and volatile regimes—for 75 percent of its oil needs. Obama’s policy proposals correctly target the transportation sector, which accounts for 70 percent of American oil consumption. By mandating a flex-fuel standard for all automobiles, expanding hybrid-car tax credit, and significantly increasing the Corporate Average Fuel Economy (CAFE) standards, Obama’s plan has the potential to significantly decrease the importation of petroleum in the short term...
...Senator McCain’s proposal, on the other hand, reflects a very different approach to the health care crisis. His plan for a $5,000 health care tax credit for every American seems attractive at first glance; unfortunately, he plans to recoup the extraordinary costs associated with this credit by taxing employers on health benefits. As such, instead of expanding coverage, the McCain program is likely to discourage employers—currently the largest providers of health insurance in the United States—from offering health insurance as a benefit. This would be catastrophic to the public health...
...Instead, Americans need the pragmatic leadership that Barack Obama has amply demonstrated during his career in public service. Proving this maturity, he rejected a politically popular gas tax holiday last summer that would have reduced federal revenue without saving consumers money. He bases his decisions on science and empirical research, which the Bush administration has so emphatically rejected. James Heckman, a Nobel laureate in economics asked to review policy proposals by the Obama campaign, testified to this, noting, “I’ve never worked with a campaign that was more interested in what the research shows...