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• "Everybody does benefit when government takes less from the
people, no matter what their income bracket is, because our
businesses and our families are able to keep more of what they're
earning, reinvest in what they have as priorities. That's how
jobs are created. And that's how we're going to grow our
economy." Palin in a Fox News interview on September 17th
2008.
• Sarah Palin is against raising taxes as she says it will harm
people with small businesses and hurt jobs. She wonders how
people who start new ventures will be any better off if the taxes
are increased.
• Palin was elected as the mayor on the basis of her promise to
encourage economic improvement in the valley town of Wasilla,
Alaska and she kept her promises. As the Mayor she cut down
property taxes and sales taxes in order to help build an indoor
skating rink and sports complex. She also deposited more funds
towards safety of the public and managed to get a grant to set up
a police dispatch center in the town.
• Palin said that she intends reduce or get rid of taxes on
business license fees and tire taxes stating that after the
citizens, it was the state that the natural resources were the
wealth of the nation.
• To help Alaska's families and small businesses, the backbone
of our local economies, I propose to repeal nuisance taxes,
including the tire tax. We shouldn't make Alaskans pay a premium
to keep families safe driving Alaska's roads. And we'?ll
significantly reduce business license fees." Palin said in her
address to the 24th Alaskan legislature in 2008 January.
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• Obama's plan is to introduce tax cuts for most small
businesses and ninety five percent of the people. During the 2008
Presidential Debate against John Mc Cain, Obama stated that "I
want to provide a tax cut for 95% of the Americans the vast
majority of small businesses would get a tax cut under my
plan."
• Obama feels that there is no need of $300 billion on tax cuts
for people who do not need them. In his first Presidential debate
he proclaimed that "If we are spending $300 billion on tax cuts
for people who do not need them and are leaving out health care,
which is crushing on people all across the country, then we have
made a bad decision and I want to make sure that we're not
changing our long term priorities."
• He stands for a cut in the taxes for the middle class to
provide some respite for struggling house owners.
• Obama believes in expanding the earned income tax credit. He
once stated that "We have to break the cycle of poverty and
violence that's gripping too many neighborhoods in this country.
That's why I'll expand the Earned Income Tax Credit- because its
one of the most successful anti-poverty measures we have."
• Obama wants to retain an inheritance tax on the wealthiest
citizens that others have fought to repeal.
• Obama opposed the suspension of the federal gas tax during
the 2008 summer.
• Obama advocates for the elimination of income taxes for
seniors making less than $50,000 and wants simplify their tax
filing process.
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