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AP Calls Leftwing Tax Report ‘Non-Partisan’

From those proponents of wealth redistribution at the Associated Press:

McCain, Obama offer different visions on taxes

By LIZ SIDOTI, Associated Press Writer

WASHINGTON – Make more than $250,000 a year? Watch out. Barack Obama wants to raise your income taxes. Social Security taxes, too.

Run a corporation? Lucky you. John McCain wants to cut your business taxes.

Those positions illustrate pieces of two vastly different approaches to the economy, an issue at the forefront of voters’ minds given that the country is teetering on the brink of — if not already in — a recession as gas prices soar and layoffs rise amid a credit crisis and a housing slump.

Obama, the Democrat, seemingly has a traditional liberal outlook of taxing the rich more while having the government help people of more modest means through tax breaks. McCain, the Republican, advocates a classic conservative vision of cutting taxes — many geared toward businesses — to promote competition within a free-market system.

Neither plan is cheap.

The Tax Policy Center, a nonpartisan joint project of the Brookings Institution and the Urban Institute, gives a preliminary estimate that over the next decade, McCain’s tax proposals would reduce federal revenues $3.7 trillion while Obama’s cuts would amount to $2.7 trillion.

The center said the cuts would slice roughly 10 percent and 7 percent, respectively, of the federal revenues scheduled for collection under current law. But the center’s estimate — seemingly the first nonpartisan comprehensive comparison of the plans — is incomplete because it doesn’t account for health care tax proposals or, at least in McCain’s case, consider how proposals to slash spending would offset some costs…

Overall, the Tax Policy Center said people with very high incomes would benefit the most under McCain’s proposal, while low- and middle-income taxpayers would see larger tax breaks under Obama’s plan and wealthy taxpayers would see their taxes increase

Among Obama’s other proposals: raising the tax on capital gains and qualified dividends. However, Obama has raised the possibility of deferring some of his tax hikes on the wealthy given the ailing economy.

To help others, Obama has offered a series of tax breaks, including eliminating the income tax for senior citizens who make less than $50,000 a year and giving a $1,000 income tax credit for families with income of between $8,000 and $75,000; individuals would receive half that amount…

What media bias?

Everyone knows that the Republicans are hell bent on giving your money to the rich while the Democrats are merely trying to help the less fortunate among us.

Just like everyone knows that growing the economy only helps the rich. Whereas growing the government always helps the poor.

The Tax Policy Center, a nonpartisan joint project of the Brookings Institution and the Urban Institute…

What a laugh. The Brookings Institution is a Democrat Party think tank.

From Discover The Networks:

Brookings Institution

Brookings has been involved with a variety of internationalist and state-sponsored programs, including the Global Governance Initiative, which aspires to facilitate the establishment of a U.N.-dominated world government, based in part on economic and Third World considerations. Brookings Fellows have also called for additional global collaboration on trade and banking; the expansion of the Kyoto Protocol; and nationalized health insurance for children. Nine Brookings economists signed a petition opposing President Bush’s tax cuts in 2003

The Brookings Institution’s President since 2002 has been Strobe Talbott, who served as President Clinton’s Deputy Secretary of State. The Board of Trustees features Teresa Heinz Kerry, wife of John Kerry; Zoe Baird, failed Clinton appointee for Attorney General…

And the Urban Institute is even more far left Democrat Party organ. Again from Discover The Networks:

Urban Institute

In 1980, UI called for socialized health care in the United States, and in 1982 began a running critique of the Reagan Administration under its Changing Domestic Priorities Project; the critique ran to 26 volumes, with research paid for by the Ford Foundation.

In 1990, UI put together a similar critique of the administration of President George H.W. Bush. In the wake of the Los Angeles riots in 1992, UI became a leading policy-center apologist for urban black violence, focusing on societal and economic, rather than moral and criminal, factors in its analysis of the riots.

In 2001, UI and the Brookings Institution began collaboration on a Tax Policy Center (TPC) to discredit President George W. Bush’s tax cut plans, which UI claimed disproportionately and unjustly favored "the wealthy."

Making a case for taxpayer-funded system of socialized medicine, another May 2006 UI report concludes that "public insurance appears to offer the best financial protection from high out-of-pocket expenses and financial burden for low-income families."

In a June 2006 report on immigration and government tax revenues, UI concludes that: "Immigrants in Washington, D.C. pay their fair share of the region’s tax bill. The most educated foreign-born earners actually pay more in taxes than natives; the lower skilled contribute too." This report makes no distinction between legal immigrants and illegal aliens, the latter of whom it refers to as "unauthorized immigrants."

But the professional propagandists at the Associated Press foist the press release from these groups as an "unbiased" study.

[T]he first nonpartisan comprehensive comparison of the plans — is incomplete because it doesn’t account for health care tax proposals…

Gee, one wonders why they didn’t include those. (Or any of the dozens of other budget busting programs Mr. Obama has promised in exchange for votes.)

However the AP does manage to work in their near ubiquitous but false claim that "the country is teetering on the brink of — if not already in — a recession."

But no lie is too large for the AP in the service of their Democrat masters.

This article was posted by Steve on Tuesday, June 17th, 2008. Comments are currently closed.

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