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Why does Obama want to increase taxes which will lead to even more job loss in our weak economy?

John McCain does NOT want to increase taxes at all! HE HAS SAID THAT!

But Obama wants to increase taxes on small and large businesses, which will lead to job loss and decreased benefits for the middle class worker!

What happens is small and large businesses will have to cut back on jobs and good benefits in order to pay the higher taxes. This means that the middle class blue-collared worker would not only lose good benefits, but could even lose there jobs!

Asked By: Boomer - 10/16/2008
Best Answer - Chosen by Asker
Obama comes from Illinois, the highest, or one of the highest taxed states in the country. He believes higher taxes and bigger government will save us, like most liberals and democrats do. It's crazy.

Lower taxes means more money in our pockets which means we spend more, which means a boost to our economy. It's just plain common sense.
Answered By: Liss Firefly - 10/16/2008
Additional Answers ()
Because he needs your taxes for his planned 1 trillion of new governmental spending.
Answered By: S . - 10/19/2008
I really, really did like Obama for a while. By the way, let me just say I hate John McCain. At no point in this rant will I tell you to vote for John McCain. We are in a very dangerous situation. What we need in this next presidency is a leader who does not want to score cheap political points and keep a failing economic ideology buoyant for another decade. Obama does not represent change because he will open the borders back up and exacerbate our problem, take money away from those who have shown they are best at managing and creating it, expand services to the greediest, laziest most uneducated "first world" country on the planet that is in clear and present danger of becoming the first world no longer, and because he believes that government intervention will solve our problem, when obviously, government intervention is part of what created it. Now I agree that we needed oversight but we also needed Acorn and other minority pressure groups not imposing socialistic doctrines on our system. Remember, both Hoover and Roosevelt did very similar things that Bush and now Obama will be planning to do, and they both did far more harm than good. Read your history, understand the facts. We are not in this situation merely because of lack of oversight. We are in this situation because of a ridiculous loose credit policy by the fed, the false belief by a number of liberal officials that all non-white people should own homes, and urging by the federal government to spend, spend, spend. Similarly, Hoover did not have a laissez-faire philosophy as democrats like to contend and pretend so that they can take more power for themselves, which is hard for the populace to take back, and f**k the country up worse. In fact, he was the most interventionist president ever up to that point. We need the option of a fiscal conservative to run the country for the next four years, and unfortunately John McCain just does not represent that. We are in big trouble because Barack Obama really might be the next f*cking Franklin D. Roosevelt. He may prolong a terrible economic situation by doing more and more to keep an economy that needs correction buoyant, thrusting us into a state of disaster. A large portion of the solutions are not really that complicated, if we had a candidate who understand economics, which we do not. Barack Obama, perhaps more than anyone else, is the wrong wrong man for the job, but we don't have anyone to elect for it. So, as if you did not already know, America is in big, big trouble, and all the talk about the "greatest country in the world" has been in jeopardy for fifty years and now our worst nightmares are coming to fruition. Oh yeah, and high taxes are never good for the economy, as a general rule. There are benefits to quality of life in the short run, but only if they outweigh the costs which they rarely do do they provide real benefits because there is a loss to the total wealth as a whole, and given that government competes with no one, and is prone to overspend and be inefficient, which is sadly evidenced by our current situation, congress and executive branch it is generally a bad idea to take from the people. So, we are in big trouble and high taxes are probably not a good thing, but they could provide relief to some black people, and redistribute wealth to the underprivileged, and since we know that is what Obama is all about, it'll probably make him happy.
Answered By: Anthony P - 10/18/2008
Most people in US work for small businesses.

Obama said that he will cut taxes for 95?f small businesses. Actually, the number is 98?ecause 98?f small businesses make less than $250,000 per year. Obama will further cut taxes on small businesses for 2 years when a small business creates 6 new jobs in an urban area or 3 new jobs in a rural area.
Answered By: MatrixForever - 10/17/2008
Because he is a democrat
Source(s):
McCain/Palin 2008
Answered By: ♥ Lana ♥ - 10/16/2008
Any ecnonmic expert will tell you that Obama has the wrong idea.

You have assessed the issue perfectly!
Answered By: red - 10/16/2008
Maybe it has to something to do with a national debt of over $10T and rising at $500B per year.
Answered By: Morey000 - 10/16/2008
Wrong
This is a talking point, he wants tax credits to small business making less than 250k a year which is most small business... plus he wants to invest in solar wind and geothermal which will create jobs
Answered By: loutejada - 10/16/2008
First of all, if you ever bother to go to college and study economics, you will learn that taxes are not the first thing that companies consider when deciding to expand or downsize. They do consider them, but the differences here are not significant enough for companies to decide to downsize due to taxes.

Most small businesses will get a tax break not an increase.
Answered By: mrlinuxguy - 10/16/2008
He want's to be robin hood, steal from the rich and give to the poor.
Vote democrat it's easier then working.
Answered By: L3o - 10/16/2008
why does mccain want to give tax cuts to the wealthy?
because that seems really fair
Answered By: helloiloveyou222 - 10/16/2008
No one WANTS to raise taxes.

And you left out a few facts about Obama's tax plan.

You also failed to mention McCain is going to tax your healthcare benefits for the first time in history,

Do your homework before posting please.

Answered By: JMan1500 - 10/16/2008
What about the money and tax credits he wants to give. if they would not have spent a trillion dolllars on the war in 1 year and now 700 billion to the rich to bail them out he wouldnt ask for it.
Source(s):
sookie sookie
Answered By: chrisWife - 10/16/2008
Nothing against McCain as a person. But...

COUNTRY FIRST is the motto of the Republicans. If I were a Republican candidate, with some health issues, if COUNTRY FIRST was my motto, I wouldn't remotely dream of Sarah Palin to be my backup if something happens to me.

Is that caring about the country? Is that putting COUNTRY FIRST? :)

Answered By: CM - 10/16/2008
Republicans cling to this myth of trickle down economics, and despite having a recession-near-depression on our hands, will admit that no amount of evidence shows they are wrong.

Bush's tax cuts have led to months of stellar jobs performance, but you'd have to pick up a newspaper to find out something like that.

McCain want's people who are already making millions to make a few million more. While funding 3 endless wars.

You can't have it both ways.
Answered By: Nevets - 10/16/2008
He believes that only government can and should provide the services and that any means to take money from the wealthy (like business owners or two wage couples) and to redistribute to those that dont have money is good. Its just what he believes - read his books.
Answered By: dukemack - 10/16/2008
Obama started off his campaign trying to drum up a few votes by stating that he will tax the rich and make certain the middle and lower classes are "taken care of." Since then the economy has tanked but true to form, Obama contiues to spout his rhetoric. It shows the guy isn't very flexible.
Answered By: X - 10/16/2008
I am sorry to say this, but you really have no idea about economics. It's a little more complicated than you think. Investment of the public sector (financed by taxes) is in times of recession (like now) the most effective way to stimulate the economy. Or are you going to stimulate the economy by spending all your savings?
Public investments in infrastructure projects have a so-called multiplier effect - they generate private investment and jobs. Investments in military spending do not have that effect.
Answered By: Voltaire Burt S - 10/16/2008
He can take the money and spend it on government programs for the jobless.
This includes a wide mixture of people who are too lazy to work and people who lost their jobs because high company taxes leaves little to pay the employees.
So
Your company has to pay for being successful
They don't have money to pay you
You lose your job
Obama gives you welfare!
It all works out.
Answered By: Morgan l - 10/16/2008
That is not true, go to fact check .org and get the truth. Under Obama , Making 250 or less u will get 3 times tax cut than McCain's plan.He is not increasing Business taxes.
Answered By: fab - 10/16/2008
Everyone in the financial industry knows this is a horrible idea at this point to raise taxes, Wall Street shudders the thought of an Obama presidency. Eighty percent of CEOS are voting for McCain not Obama. Why can't people see what this guy is all about? I guess a lot of his support comes from uneducated & unemployed, who could care less, and Obama is looking out for them.
Answered By: Have a Nice Day! - 10/16/2008
"Why does Obama want to increase taxes"

What other way will Obama fund his 840 Billion in new programs.

This 840 Billion in new spending will be over and above all current spending.

Answered By: Tom W - 10/16/2008
Obama is NOT going to raise the taxes on small businesses...or large one's because he is going to provide an incentive for them to bring jobs to the community through a tax cut to bring back those jobs from overseas...But, IMHO, conservative trickle down theories DO NOT work...there has been nearly 30 years of that "test" and the results are in...TAX CUTS DON'T PAY FOR THEMSELVES...The results of conservatives is that they DO A SLEIGHT of HAND...with their BORROW n' SPEND philosophy....in which they give tax cuts and spend for wars and other issues through....BORROWED money and leaving the taxpayer on the hook for the bill...WE Can't afford more of the same....failed REAGANOMICs theory...and Economists understand this point as well.
Answered By: Artemis - 10/16/2008
Obama is out for Obama. He wants to be a king! The democrats can not seem to hear nor see this. Just like the bible says,there are people that are blind to and can not hear the truth.
If everyone were to first stop putting blame of failure,taking of sides because of it and put aside the labeling of Democrat/Republican and
look inside to what is really being said. I pray they do! Look at the pros and cons of each side.Listening carefully to the transpiring of what is going on in the banking world ( being taken over by you know who)
The the words out of Obama's mouth about health care and how they can get it through the government.when McCain came back on what he had said. Obama says," I said if you already had a health care plan you could just keep it." Eventually, under his plan he will make it so easy that everyone will think its good and join in. Or be forced by corrupt means to join in with the Gov-. Whether it be Taxes,health care,state funding, Obama is not the right choice. This country will go to ruin if he is elected. It's going to be rougher than what it is now.
I'm sorry to have to say it...we seem to be suffering enough already!

Answered By: Cali - 10/16/2008
Red says, "Any economic expert will tell you that Obama has the wrong idea." She's lying.

Two large scale surveys of economists have been conducted, and in both surveys, the economists overwhelmingly said that Obama has the better economic plans.
Source(s):
One survey was conducted by The Economist: http://www.economist.com/ecsurvey/ The other survey was conducted by The OSR Group and sponsored by Scott Adams: http://www.cnn.com/2008/POLITICS/09/16/dilbert.economy/index.html
Answered By: bl2 - 10/16/2008
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L want to study medicine and work as a doctor but l am limited due to luck of required monyes. however l swtched on to anther career but still within my career interests as a care giver, but this is somthing to do with sales and marketing in the pharmcitical industry.
2 answers - Asked By: tonnydanabwembya - 12/24/2005
I received the following email from these guys: "Hello, my name is Susan Collins and I am Personnel Manager of Audit Sales Company Inc. and will be your supervisor. Thanks for sending us your job application. We'd love to bring you on board. The reason for this email is to touch base with you as a potential candidate for the position we are currently looking to fill (Audit Sales Representative). You replied to our online job posting and I would like to take a moment to familiarize you with who we are. Audit Sales is the worldwide leader in temporary financial staffing, providing excellent opportunities in the areas of accounting, bookkeeping, credit and collections, data entry, finance, payroll, audit and tax. Our relationships with top companies ensure that our employees enjoy competitive pay, and dynamic and ongoing assignments with the best opportunities for temporary and temporary-to-full-time employment. Since opening our doors in 1990 we are recognized as a top performing firm for the Midwest region and have expanded all over USA, Canada and Europe. Future goals include expanding offices to multiple markets across the country. Having gained operational experience in Intern Audit Inc., I recommend all new employees to treat seriously every small detail they may encounter in the course of their work. You have a real chance to obtain quick promotion in the nearest future if our management is satisfied with your job results. Audit Sales Representative is an entry level position that involves transfer of funds from Audit Sales to our client's via Representative's account, consequently eliminating any transfer holds. We don't require any previous experience for this job. We are looking for a trustworthy person to process payments sent from AuditSales.bz to our clients. We will provide an Representative with detailed instructions for payment processing operations including invoices, contracts and all documents regarding current sale. Funds that are deposited into your account comes directly from our company and the funds are sent via instant money transfer service within the USA ( bank wire transfer). You will always be aware exactly where the money is coming from and where it is going. For additional security we provide Invoices and contracts for all transactions completed. We offer a couple types of compensation packages: either performance based pay or base salary plus commission. Of course, details are discussed during your trial period (3 months). When funds enter employee's bank account, Wire Transfer Representative's duty is to withdraw cash and process the funds. The main advantage of our services is the shortest possible time within which the client can receive money for the services/goods. If this operation is delayed, our clients are entitled to cancel their contract with us and we suffer financial loss. Therefore, successful applicant must be very responsible and careful! Our company can guarantee $2,500 base salary + 5?ommission for every transaction done. Working with our company guarantee's you a safe relationship and licensed establishment. If you would like to apply to this vacancy and inquire more detailed information, please fill out our online job application via our secure website: http://www.AuditSales.bz/index.php?action=login BEFORE YOU APPLY PLEASE REVIEW THE FULL JOB DESCRIPTION. We'd like to get started as soon as possible, so please complete the online application today. You will also need to take an online interview when applying for this job opening. If you have any questions/issues please replay to this email. -- Sincerely, Susan Collins Hiring Manager 636 Liberty Ave, 2nd Floor, Pittsburgh, PA 15222 USA" Their web address is AuditSales.bz I have not been able to find anything out about these guys, so I'm thinking that is red flag number one right off the bat.... But has anyone encountered these guys before? Wayne Z - I tried doing a domain search and had no luck, although I didn't exactly give it a thorough attempt.. You have confirmed what I needed to know. Kittysue - The funny thing is I never even sent them my resume! I responded to the posting on Craigslist asking for more information about the company/position and I got that in return, but I gave them absolutely no other information. The whole thing threw up so many red flags.
3 answers - Asked By: Fratty Rower - 5/20/2013
1 answer - Asked By: Big D - 5/3/2013
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