You are currently browsing the tag archive for the ‘tax’ tag.

Wolfe Blitzer interview Barrack Obama Part 2

Wolfe Blitzer interview Barrack Obama Part 3

Advertisement
Democratic presidential candidate, Sen. Barack Obama, D-Ill., left, answers a question from plumber Joe Wurzelbacher in Holland, Ohio, Sunday, Oct. 12, 2008. (AP Photo/Jae C. Hong) Pic. Ap

16/10/2008 WIRE: Democratic presidential candidate, Sen. Barack Obama, D-Ill., left, answers a question from plumber Joe Wurzelbacher in Holland, Ohio, Sunday, Oct. 12, 2008. (AP Photo/Jae C. Hong) Pic. Ap

See original Obama-JTP footage below

The Statement:

Vice presidential candidate Sarah Palin, speaking at an October 27 rally in Leesburg, Virginia, referred to Barack Obama’s October 12 conversation about tax policy with Samuel J. Wurzelbacher, the citizen now known as “Joe the Plumber.” She said Obama said he “wants to spread the wealth” and that “Joe the Plumber said to him, it sounded like socialism.”

Get the facts!

The Facts:
Obama met Wurzelbacher at a campaign stop outside Toledo, Ohio, on October 12, Wurzelbacher told Obama he was getting ready to buy a company that makes $250,000 to $280,000 a year and asked, “Your new tax plan is going to tax me more, isn’t it?” Under Obama’s plan, taxes would rise for individuals who make more than $200,000 a year and families with incomes above $250,000.

Obama went into a lengthy explanation of his plan. He said he wants to cut taxes “a little bit more for the folks who are most in need; and for the 5 percent of the folks who are doing very well — even though they’ve been working hard and I appreciate that — I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts.”

He argued that if consumers had more money to spend, it would be good for enterprises such as a plumbing business. “Right now everybody’s so pinched that business is bad for everybody, and I think when you spread the wealth around, it’s good for everybody.”

Wurzelbacher invoked a common small-business concern with Obama: that higher taxes compromise hard-earned profits. “I’ve worked hard. I’m a plumber. I work 10-12 hours a day and I’m buying this company and I’m going to continue working that way. I’m getting taxed more and more while fulfilling the American dream.”

He never told Obama at the time his idea “sounded like socialism.” But two days later, in an interview on Fox News, Wurzelbacher said, “he wants to distribute wealth. I’m not trying to make statements here. That’s kind of a socialist viewpoint.”

In an interview with CNN that aired October 16, Wurzelbacher clarified that the company he wants to buy makes well less than $250,000 a year — which, under Obama’s plan, means his taxes would not be increased.

McCain and Palin frequently refer to “Joe the Plumber” on the campaign trail. Since his encounter with Obama, Wurzelbacher has received much notoriety and has signaled his support for McCain.

Wurzelbacher told conservative talk radio host Laura Ingraham on October 24 that he’s considering a run for Congress in 2010. That would pit Wurzelbacher against longtime Democratic Rep. Marcy Kaptur for Ohio’s 9th District on the state’s northern border, which includes Toledo and Sandusky.

“I’ll tell you what, we’d definitely be in one heck of a fight, Marcy Kaptur definitely has a following in this area,” he said of the possibility. “But, you know, I’d be up for it.”

The Verdict: True. However, while Wurzelbacher has said Obama’s plan comes from a “socialist viewpoint,” [Mr. Wurzelbacher did not mention the word ‘socialism’ at the time of meeting with Obama.]

Source: CNN Political Ticker

Putting aside this man’s obvious difficulties in life – and the fact that McCain couldn’t have screwed up more – by not doing at least a little checking into this man’s circumstances before introducing him to the world – without his permission. Anyway he did the same thing with Palin – the word ‘vetting’ doesn’t appear to be in McCain’s ‘vocabulary’. Perhaps to McCain ‘vetting’ means to ‘smear’ someone – but never mind.

Ironically Joe (who does plumbing work) could turn out to be more of a help to Obama – than to McCain –
In order to explain Joe’s tax situation – you would have to point out that because he doesn’t earn more than $250,000 – therefore he wont be eligible for a McCain tax cut – but he would be eligible for an Obama tax cut – as his income falls within the income bracket of 95% of the American people.

So long as Joe continues to pall around with McCain – it would be pointed out – that although Joe dreams of the day when he could be in that top 5% of earners – at present he is just not rich enough to get a McCain tax cut ..awe..

What must also be noted is that if Joe does manage to buy this business – because at the moment it is a pipe dream – unless he gets a book deal out of all this.. if Joe entered into a partnership – then the $250,000 – $285,000 predicted earnings Joe speaks of – will be split down the middle – and even though Joe would own his own business – he would still not be eligible for a McCain tax cut or an Obama 3% tax increase – as he still wont he earning more than $250,000.

So..it..goes Joe!

Here’s a video from the JedReport to illustrate just this fact.

Here’s the facts if Joe made over $250,000 – under an Obama plan he would get a tax increase of 3% on any amount above this figure and a tax cut for the amount below. If Joe is in a partnership – likely he would never reach that higher tax bracket.

It shows how little John McCain understands the middle class – which he is all of a sudden trying to show he is working for!

HOLLAND, Ohio — Joe the Plumber’s story sprang a few leaks Thursday. Turns out that the man who was held up by John McCain as the typical, hard-working American taxpayer isn’t really a licensed plumber. And court documents show he owes nearly $1,200 in back taxes.

“Joe,” whose name is Samuel J. Wurzelbacher, was cited repeatedly in Wednesday night’s final presidential debate by McCain for questioning Barack Obama’s tax policy.

Wurzelbacher instantly became a media celebrity, fielding calls during the debate and facing reporters outside his home near Toledo on Thursday morning for an impromptu nationally televised news conference.

The burly, bald man acknowledged he doesn’t have a plumber’s license, but said he didn’t need one because he works for someone else at a company that does residential work.

State and local records show Wurzelbacher has no license, although his employer does. Golis said there are no records of inspectors citing Wurzelbacher for unlicensed work in Toledo.

But Wurzelbacher still would need to be a licensed apprentice or journeyman to work in Toledo, and he’s not, said David Golis, manager and residential building official for the Toledo Division of Building Inspection.

State and local records show Wurzelbacher has no license, although his employer does. Golis said there are no records of inspectors citing Wurzelbacher for unlicensed work in Toledo.

And then there was the matter of his taxes.

Wurzelbacher owes the state of Ohio $1,182.98 in personal income tax, according to Lucas County Court of Common Pleas records.

In January 2007, Ohio’s Department of Taxation filed a claim on his property until he pays the debt, according to the records. The lien remains active.

At the debate, McCain cited Wurzelbacher as an example of someone who wants to buy a plumbing business but would be hurt by Obama’s tax plans.

Wurzelbacher, a self-described conservative, had spoken to Obama at a rally Sunday near his home and asked him whether his tax plan would keep him from buying the business that currently employs him, which earns more than $250,000 a year.

“Your new tax plan is going to tax me more, isn’t it?” Wurzelbacher asked.

Obama said that under his proposal taxes on any revenue from $250,000 on down would stay the same, but that amounts above that level would be subject to a 39 percent tax, instead of the current 36 percent rate.

Wurzelbacher owes the state of Ohio $1,182.98 in personal income tax, according to Lucas County Court of Common Pleas records.

McCain said Obama’s plan would stop entrepreneurs such as Wurzelbacher from investing in new small businesses and keep existing ones from growing.

The McCain campaign posted a Web ad featuring the exchange between Wurzelbacher and Obama.

During an afternoon taping of “Late Show with David Letterman,” McCain said he had not yet spoken to Wurzelbacher, and apologized for the press attention he had received.

“Joe, if you’re watching, I’m sorry,” McCain said.

Wurzelbacher had to deal with a clog of two dozen reporters outside his home on a narrow street lined with ranch- and split-level homes Thursday morning. No detail about the divorced father of a 13-year-old boy was too small: Was he a registered voter? Did he have a plumbing license? Whom will he vote for?

He indicated he was a fan of the military and McCain but wouldn’t say who will get his vote. He is registered as a Republican, the county elections board said, because he voted in the GOP primary in March.

Wurzelbacher said a McCain campaign official contacted him several days before the debate to ask him to appear with the candidate at a Toledo rally scheduled for Sunday.

He indicated he was a fan of the military and McCain but wouldn’t say who will get his vote. He is registered as a Republican, the county elections board said, because he voted in the GOP primary in March.

He told reporters he’s unsure if he’ll attend, since he’s now scheduled to be in New York for TV interviews.

On Thursday in New Hampshire, Obama said McCain was misleading voters by proposing tax plans that favor the rich while criticizing an Obama tax plan that would raise taxes only on people making more than $250,000 a year, just 5 percent of all taxpayers.

“He’s trying to suggest that a plumber is the guy he’s fighting for,” Obama said. “How many plumbers you know that are making a quarter-million dollars a year?”

Wurzelbacher said he felt a bit overwhelmed by all the attention.

“I’m kind of like Britney Spears having a headache. Everybody wants to know about it,” he joked.

Source: Washington Post

Mortgage crisis state by state

Mortgage crisis state by state

How could John McCain think the economy was sound ~ for who?

He has admitting in the past ~ not understanding the economy ~

And Palin is clearly clueless. She spent 88 days working as governor out of 19 months. Palin once walked in to a meeting of Alaska’s Mayors ~ where they had just taken a vote ~ on whether anyone of them had met with her ~ few raised their hands ~ the story goes that Palin entered the meeting spoke for a few minutes ~ then told everyone there she had to cut the meeting short as she was on her way to an anti-abortion rally. The whole thing is being to look way too maverick!

TERRY FINNEGAN
I am forced to admit a fatal fascination with Sarah Palin. I think that some very sharp Republican operatives have ensnared me in a magician’s trick. Boy, that ol’ maverick John McCain really gambled on this one. And it looks like he has come up all aces. Polls tighten, and Electoral College estimates swerve close enough to concern anyone hoping to end our current Bush nightmare.

So let’s review what is at stake. Maverick claims that only he can define victory in Iraq, regardless of Iraqi sentiment, U.S.-Iraq agreements, or popular yearnings. Maverick claims he will institute new energy initiatives after a career of voting down alternative energy development. Maverick claims that the Bush tax cuts are the only means to getting us out of our current economic woes, even though he vigorously opposed them seven years ago during a much stronger economic phase.

You can add your own list of horrors that we will continue to struggle with-health care, growing income inequality, warfare in place of diplomacy, torture, executive overreach, court appointees. But hand it to Karl Rove’s doppelganger-we are talking Sarah, not talking issues.

So the Republicans gamble all on a little known woman, hoping that her unseemly side stays hidden for 60 days. Let me posit an election guess. Somehow, the potential bombs that are strewn throughout her Alaskan story will fail to ignite. McCain will carry this newfound enthusiasm pulling down enough states to scare prayers out of Democratic secularists. However, he will not crack the glass ceiling of 270 electoral votes. He would need to run the table of all possible states in play and just like Gore and Kerry he will get tripped up somewhere. My guess would be Ohio as the Dems control the state voting apparatus this time.

So what gives with the Palin fascination? Mrs. Palin clearly shows how reckless Senator McCain has become, how little he is in personal control of his party’s agenda. Much has been made that her vetting was short on depth and length. He wanted Lieberman or Ridge, politicians who unfortunately were DOA for large segments of the Christian right. Who controlled this VP pick? Who is running the show?

What happens if Sarah Barracuda becomes president shortly after winning the election? Can anyone safely say? This election is not about the issues per the Republican campaign chief. Smart move, as focusing on the issues will bring the GOP nothing but electoral disaster.

I foresee a real possibility that Sarah Palin will blow up in the Republicans’ face. The pastiche she has cobbled together is full of holes. She “sold the plane on eBay”? No, she listed it there, but sold it at a loss through a broker. She said “thanks, but no thanks” to Congress on the bridge? No, in fact Alaska kept the money. She wants privacy for her pregnant daughter? Then why parade said daughter and fiancé in front of the nation?

Yes, my fatal fascination with Mrs. Palin has all the earmarks of watching a car crash. Will she escape serious harm? Troopergate? Whose-babygate? National Enquirer snooping? Will the entire charade blow up with some level of proof about their allegations of an affair? McCain’s gamble on the inexperienced Mrs. Palin is only troubling given that we have a scant two months to know if she can handle the job. It is possible that this gamble will backfire catastrophically and harm the Republicans for years. I’ll be watching closely, fatally fascinated, yet praying that Barack keeps his focus on the issues.

Source: Wednesday’s Journal

June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930