Well then I guess you believed the email that was sent to you.
Here is what Snopes.com says about the email on Obama’s tax changes…
http://www.snopes.com/politics/obama/taxes.asp
Now here is the truth
Economic policy
Obama’s current economic advisors are Austan Goolsbee of the University of Chicago and Jeffrey Liebman of Harvard University.[2]
Obama wrote: “We should be asking ourselves what mix of policies will lead to a dynamic free market and widespread economic security, entrepreneurial innovation and upward mobility [...] we should be guided by what works.”[3] Speaking before the National Press Club in April 2005, he defended the New Deal social welfare policies of Franklin D. Roosevelt, associating Republican proposals to establish private accounts for Social Security with Social Darwinism.[4]
STILL WANT TO PRIVATIZE Social Security WITH WHAT HAPPENED ON WALL STREET… McCAIN DOES
So what does Obama want to do about it. SEE Wikipedia below
On April 20, 2007, Obama introduced a bill in the Senate (Shareholder Vote on Executive Compensation Act – S. 1181) requiring public companies to give shareholders an annual nonbinding vote on executive compensation, popularly called “Say on pay.” A companion bill introduced by Rep. Barney Frank passed the House the same day.[6] Several corporations voluntarily have begun to give shareholders such a vote because of concerns about excessive CEO salaries. Some critics have said that the federal law would interfere with the traditional state oversight over corporate governance.[7]
Federal tax change in 2009
http://en.wikipedia.org/wiki/Political_positions_of_Barack_Obama#Economic_policy
McCain Obama
Income Change Change
in average in average
tax bill tax bill
Over $2.9M -$269,364 +$701,885
$603K and up -$45,361 +$115,974
$227K-$603K -$7,871 +$12
$161K-$227K -$4,380 -$2,789
$112K-$161K -$2,614 -$2,204
$66K-$112K -$1,009 -$1,290
$38K-$66K -$319 -$1,042
$19K-$38K -$113 -$892
Under $19K -$19 -$567
CNN,[52][53] Tax Policy Center,[54]
BarackObama.com,[55] JohnMcCain.com[
Obama has proposed a tax plan which includes an $80 billion tax cut for poor and middle-class families and repeal the tax cuts for the richest one percent of taxpayers. His tax plan calls for billions in breaks by nixing income taxes for the 7 million senior citizens making less than $50,000 a year, establishing a universal credit for the 10 million homeowners who do not itemize their deductions -- most of whom make less than $50,000 annually -- and providing 150 million Americans with tax cuts of up to $1,000. Persons making at least $250,000 or more would pay payroll tax on their entire income, as opposed to the first $102,000[57][58] and would see their capital gains tax increase from 15% to 20%. [59] Obama spoke out in June 2006 against making recent, temporary estate tax cuts permanent, calling the cuts a “Paris Hilton” tax break for “billionaire heirs and heiresses.”[60] Speaking in November 2006 to members of Wake Up Wal-Mart, a union-backed campaign group, Obama said: “You need to pay your workers enough that they can actually not only shop at Wal-Mart, but ultimately send their kids to college and save for retirement.” His tax plan would bring in an additional $700 billion in taxes over the next 10 years.[61]
In The Audacity of Hope and the Blueprint for Change[62] Obama advocates responding to the “precarious budget situation” by eliminating “tax credits that have outlived their usefulness”, closing corporate tax loopholes, and restoring the PAYGO policy that prohibits increases in federal spending without a way to compensate for the lost revenue.[63]
