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McCain’s New Economic Plan For Middle Class Only For Wealtly

wonkroom.thinkprogress.org — McCain is planning to unveil “new economic plans” this week, “aimed directly at the middle class.” Campaign officials said “the measures are tax cuts for capital gains and dividends”, but cutting capital gains and dividends taxes does nothing for the middle class, only the wealthy.

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  • booksnmore4you, on 10/12/2008, -0/+15He's talking about the over $250,000 / year middle class. Didn't you get the memo?
  • Olon97, on 10/12/2008, -0/+14Earth to McCain: the only people right now with much capital gains to claim are the asses who bought naked shorts on Lehman. Yeah, let's reward the hyenas and vultures, great idea!
  • inactive, on 10/12/2008, -0/+13

    McCain Lie Counter - 131 lies on individual issues & counting

    http://www.mccainpedia.org/index.php/Count_the_Lie ...

  • inactive, on 10/12/2008, -0/+13It is stupid of McCain to keep talking about cuts for the middle class, especially when Obama counters with the fact that he'll cut taxes for 95% of Americans. It is hard to fight against that, if he were smart he would just stop talking about his tax cuts.
  • paintgrl, on 10/12/2008, -0/+12McCain s the guy who thinks the middle class is someone who makes 5 million a year in income. Maybe McCain really thinks he is in the middle class.

    FTA: As the Tax Policy Center has shown, under the current capital gains and dividends rate, 98.3% of the benefits go to the top 20% of taxpayers. The other 80% of taxpayers see only 1.7% of the benefits of today’s rate. 93.9% of the benefits go to the top 5%, and 84.8% to the 1%.

    Brad DeLong spotted the problems with McCain’s proposals, saying that “the middle class doesn’t collect capital gains, or dividends, in any material amount. Indeed, that’s what makes you middle class–that even though you have a fair or a good income you work for it.”

  • Echota, on 01/05/2009, -0/+10As usual,it's just more of the Same! Nothing new here.

    This is waht makes me and my hard working neighbor's "bitter!"
    We do all the work and the Rich benefit the most!

    Looks like I'm losing my religion all together.........but you can bet I'll be holding on to my guns even tighter if McCain win's the election!

    Thanks for Nothing McSame!
  • apastafarian, on 10/12/2008, -1/+3Well, to be fair. If the market keeps up its current trend, no one benefits from a capital gains tax cut.
  • oldman, on 10/13/2008, -0/+1Well usually the middle class has some capital gains, but THIS YEAR? Ha Ha Hahahahahahahahahahahahah!

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