Third Reason To Vote For Obama- The Tax Plan

Greed is not good. For over twenty years we have heard that if we tax the wealthiest people too much our economy will die. That philosophy has sickened our economy. The tax policies of the past 27 years have privatized profit and socialized debt. This is toxic to the health of the economy. Play now- pay later doesn't work.

My third reason for voting for Obama is his tax plan. I admire Obama for honestly stating that taxes must be raised and I think his plan is a good one although I believe he will have to make major cutback on his spending plan.

The Obama plan raise taxes on families making between 227K-603K by $12 a year. It will raise taxes for families making between 603K and 2.9 million by $116K. Taxes for people making over 2.9 million will increast by as much as 701K. This tax plan will allow the middle class to fully participate in the economy (if the credit markets can recover from the current crisis).

To take a closer look at the numbers.