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Ever wonder who has your best interest in mind when it comes to political candidates? Ever wonder who you can relate to in terms of earnings and economic outlook? I know I do, and to be honest with you I don’t care what political party they belong to if we see on eye to eye on one issue, “how much money are you going to save me?” I decided to do some research to see what our political candidates thought about three simple subjects; taxes for the middle class, job creation/retention and rising energy costs. The results aren’t wildly surprising, but if you had no idea before consider yourself informed.
Hillary Rodham-Clinton (D)-NY 2007 Household Earnings: $22,219,110
All I can say is “DAMN” the Clinton’s are paid.
What does Hillary think about Taxes for the Middle Class?
Extend the middle class tax cuts including child tax credit and marriage penalty relief, offering new tax cuts for healthcare, college and retirement, and expanding the EITC and the child care tax credit.
What does Hillary think about Job creation and retention?
Harness the power of innovation to create high wage jobs of the 21st Century. Investments in alternative energy can create new jobs for the 21st century; expanded access to broadband will bring opportunities to underserved and disadvantaged communities; the manufacturing base can be re-energized through creative partnerships; and increased government support for research will stimulate the development of new technologies and life-saving medicines.
What does Hillary think about Energy Costs?
Recognizing that transportation accounts for 70% of U.S. oil consumption, Hillary would increase fuel efficiency standards to 55 miles per gallon by 2030, but would help automakers retool their production facilities through $20 billion in “Green Vehicle Bonds”.
John McCain (R) -AZ 2007 Household Earnings: $212,000
Based on age, John McCain’s experience is only second to that of Moses. However, his solutions to some of the problems that plague working class America are intriguing.
What does John think about Taxes for the Middle Class?
John McCain will permanently repeal the Alternative Minimum Tax (AMT) – a tax that will be paid nearly exclusively by 25 million middle class families. Repealing this onerous tax will save middle class families nearly $60 billion in a single year. Under McCain's plan, a middle class family with children set to pay the AMT will save an average of over $2,700 – a real tax cut for working families. John McCain Will Double The Personal Exemption For Dependents. John McCain believes the tax code should be less of a burden on those, whether they are mothers and fathers or single parents, who are trying to raise a family. He proposes to raise the personal exemption for each dependent from $3,500 to $7,000
What Does McCain think about job creation and retention?
John McCain Believes We Should Have A Single, Seamless Approach To Job Transition Assistance. The UI system must be more effective in helping those who have lost a job. John McCain will modernize and transform our current programs by consolidating redundant federal programs, strengthening community colleges and technical training and giving displaced workers more choices to find their way back to productive and prosperous lives.
John McCain Will Reform The UI System So That A Portion Of Each Worker's Unemployment Insurance Tax Is Deposited Into A Lost Earnings Buffer Account (LEB). If an individual becomes unemployed, the LEB may be used to cover needed expenses, with a backstop of traditional UI if the account is exhausted before 26 weeks. Workers will have an incentive to preserve their LEB by getting back to work quickly, and may be eligible for a re-employment bonus if they get a new job quickly. The LEB will be portable, and upon retirement, the property of the worker.
What does John think about Energy Costs?
Hard-working American families are suffering from higher gasoline prices. John McCain calls on Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. John McCain Will stop filling The Strategic Petroleum Reserve (SPR) to reduce demand. International demand for oil is bolstered by federal purchases for the SPR. There is no reason to fill it when oil is so expensive; the overall SPR is of adequate size, and when it places further upward pressure on prices. John McCain will end policies that contribute to higher transportation and food costs. Ethanol subsidies, tariff barriers and sugar quotas drive up food prices and hurt Americans.
Barack Obama (D)-IL 2007 Household Earnings: $4,100,000
Looks like Barack is starting to capitalize on the benefits of being a professional politician. The books were good, but $3 million worth?
What does Barack think about Taxes for the Middle Class?
Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.
What does Barack think about Job creation and retention?
Barack Obama believes we need to double federal funding for basic research and make the research and development tax credit permanent to help create high-paying, secure jobs. Obama will also make long-term investments in education, training, and workforce development so that Americans can leverage our strengths - our ingenuity and entrepreneurialism - to create new high-wage jobs and prosper in a world economy.
The Obama plan will increase funding for federal workforce training programs and direct these programs to incorporate green technologies training, such as advanced manufacturing and weatherization training, into their efforts to help Americans find and retain stable, high-paying jobs. Obama will also create an energy-focused youth jobs program to invest in disconnected and disadvantaged youth.
The Obama comprehensive energy independence and climate change plan will invest in America's highly-skilled manufacturing workforce and manufacturing centers to ensure that American workers have the skills and tools they need to pioneer the first wave of green technologies that will be in high demand throughout the world. Obama will also provide assistance to the domestic auto industry to ensure that new fuel-efficient vehicles are built by American workers.
What does Barack think about Energy Costs?
Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid. A principal focus of this fund will be devoted to ensuring that technologies that are developed in the U.S. are rapidly commercialized in the U.S. and deployed around the globe.
Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
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