Tax Post Removed

An earlier post regarding a tax comparison between Sens. McCain and Obama has been removed. Although the email upon which the post was based did come through a Wachovia executive, apparently he did not originate the material, but simply forwarded it.

Further checking shows that significant elements were erroneous. The Tax Policy Center of the Urban Institute and the Brookings Institution, a liberal think tank, estimates of taxes by income group show declining taxes for those making $227,000 or less for both candidates... with more savings to lower or no-tax groups in Sen. Obama's proposal. Sen. McCain's proposal would lower taxes across the board... based more on who was paying taxes rather than targeting some income groups for reductions which would be paid by other groups.

I agree with "Anonymous" that simply posting the email was not appropriate. But neither is Sen. Obama's plan, to wit:

“To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it.”

— Thomas Jefferson, letter to Joseph Milligan, April 6, 1816

Of course, realistically with the enormous Federal spending going on, it seems unlikely that any tax cut is a long-term possibility.

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HT: The Astute Bloggers