The highest tax rate will be at 35% if John McCain is president. Entrepreneurs will not be taxed into submission. This would create ultimate job security, better opportunities if you lose your current job, and could innovate America’s economy for the growth of Entrepreneur’s small businesses. McCain plans to continue the 15 % rates on capital gains and dividends. Also, McCain realizes that raising taxes on small businesses, which are the heart of job growth, can affect every worker. This basically says that McCain plans to keep tax rates low. Also, McCain plans to cut the corporate tax from 35% to 25%. This also would keep good jobs in the United States. McCain’s corporate tax cut would bring the corporate tax back to where it originally was. Due to America having the second highest tax rate, it makes it a much less attractive place to trade. Also, John McCain plans to simplify the tax code by rewarding trade activity in the U.S. He plans to allow first-year deductions with employers who have made a purchase of some type of equipment or technology. Then, he also plans to create a permanent tax credit equal to 10% of payments spent on research and development. This will make us a better competitor with other countries, and remove uncertainty. This will help businesses be less reluctant and unsure to make an investment in research and development. John McCain plans on banning internet taxes, which will make America a “engine of economic growth and prosperity. Lastly, McCain plans to prohibit cell phone taxes. John McCain seems to be a much more fit candidate in bringing our economy back to where it originally was. (http://www.johnmccain.com/Issues/JobsforAmerica/taxes.htm)
he difinitely is
And when Obama takes office, he won’t raise the taxes and the highest possible tax will be 40%. President Elect Obama will build the middle class and that is the quickest way to build the economy.
Like Ryan said, when Obama is in office he isn’t going to raise taxes, he’s just going to put them back to the way they were before Bush came into the White House and gave all these tax cuts.
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