Email Campaigns

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]

Liberals, Collectivist Socialists etc just do NOT get it! HUGE CORPORATIONS CAN USE GOVERNMENT POWER TO CRUSH COMPETITION. OTHERWISE, FREE MARKET COMPETITION WOULD KEEP PRICES LOW AND QUALITY HIGHER. The following article is the perfect example:

Dairy Industry Crushed Innovator Who Bested Price-Control System

In the summer of 2003, shoppers in Southern California began getting a break on the price of milk.

A maverick dairyman named Hein Hettinga started bottling his own milk and selling it for as much as 20 cents a gallon less than the competition, exercising his right to work outside the rigid system that has controlled U.S. milk production for almost 70 years. Soon the effects were rippling through the state, helping to hold down retail prices at supermarkets and warehouse stores.

That was when a coalition of giant milk companies and dairies, along with their congressional allies, decided to crush Hettinga’s initiative. For three years, the milk lobby spent millions of dollars on lobbying and campaign contributions and made deals with lawmakers, including incoming Senate Majority Leader Harry M. Reid (D-Nev.).

Last March, Congress passed a law reshaping the Western milk market and essentially ending Hettinga’s experiment — all without a single congressional hearing.

“They wanted to make sure there would be no more Heins,” said Mary Keough Ledman, a dairy economist who observed the battle.

(Read the following link for the rest of the article)

http://www.washingtonpost.com/wp-dyn/content/article/2006/12/09/AR2006120900925.html?nav=rss_email/components

thanks you!

A few minutes ago, the Des Moines Register released its final poll of Iowa Democrats ahead of Thursday’s caucuses.

The headline: ‘Obama widens lead over Clinton.’

Here are the numbers:

Barack Obama 32%
Hillary Clinton 25%
John Edwards 24%

The details get even better. Here are a couple of quotes from the accompanying article in tomorrow morning’s paper:

“The findings mark the largest lead of any of the Democratic candidates in the Register’s poll all year, underscoring what has been a hard-fought battle among the three well-organized Iowa frontrunners.”

“Obama’s rise is the result in part of a dramatic influx of first-time caucusgoers, including a sizable bloc of political independents. Both groups prefer the Illinois senator….”

The momentum is ours in Iowa and across the country.

Now is the time to stand up and be a part of this historic moment.

Happy New Year,

David

David Plouffe
Campaign Manager
Obama for America