TO THE EDITOR:
The difference between the presidential candidates is clear.
While Sen. Obama plans to cut income taxes for 95 percent of Americans Sen. McCain plans to cut taxes for all Americans.
The top 1 percent of income earners in the U.S. earns 22 percent of the income while paying 40 percent of income taxes.
Obama plans to increase their tax burden while providing rebate checks to middle-class Americans in the name of fairness. Please keep in mind that fairness which in Obama's case can be described as moving toward perfect income equality if nothing more than the socialistic or communistic principle of income redistribution. Using tax policy in an attempt to pit the middle class against the wealthy is nothing more than the promotion of class warfare.
McCain also plans to lower corporate income taxes. Obama plans to raise corporate income taxes. Obama seems to believe that punishing corporations via higher taxes is justified because these large businesses are sending American jobs overseas. What he apparently does not understand is that America's high corporate tax rate the second highest in the world is a major reason that many of these corporations are sending jobs overseas. Lowering the corporate tax rate as McCain plans to do will keep jobs in America instead of China or Mexico where corporate tax rates are currently lower.
After comparing the two tax plans one must logically conclude that John McCain's plan is the one that truly promotes economic growth in America.
UNC Students for McCain-Palin Leadership