Barack Obama Cuts $85 Billion in Tax Relief Plan

Good news for all us middle-class people. If the democratic presidential candidate Barack Obama is to be elected, up to $85 billion in tax cuts will be made which is good news for about 150 million Americans. How will achieve this? Simple. It will be paid for by raising the capital gains and dividend taxes on wealthy investors, which is a great idea if you ask me. There’s nothing wrong with taking from the rich and giving to the poor less rich.

“To get through these uncertain times, we have to recognize that we all have a stake in one another’s success,” Obama said.

“When folks are hurting out there on Main Street, that’s not good for Wall Street.”

The homeowners’ tax credit would be an advantage to roughly 10 million home owners, he said. Also, the tax breaks for seniors would completely get rid of income taxes for about 7 million Americans.

What do you think of Obama’s Proposal? Let us know. 

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