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Obama Proposes Tax Relief for Middle Class and Seniors

Obama is not your stereotypical "tax and spend" Democrat. He is calling for tax relief for the middle class and seniors. What sets Obama apart from all the other candidates is his ability to distill and listen to the best ideas from both sides of the political platform. I am confident that his cabinet would include only the best and the brightest, regardless of political party.

More than anything, we need a politics of common sense. And that is what Obama offers. From the Washington Post:


Obama Proposes $80 Billion in Tax Cuts

Sen. Barack Obama delivered a second economic speech in as many days on Tuesday, announcing $80 billion in proposed tax cuts for working people, homeowners and seniors with the declaration that "the wealth of our nation is rooted in the work of our people."

Obama (D-Ill.) has made confronting special interests and corporate lobbyists a core theme of his campaign, and he elaborated it in his tax cut proposal. Arguing that rich business interests -- rather than market forces -- have conspired to lobby for tax breaks, Obama said it is time to shift the tax burden away from the middle class.

"In our new economy, there is no shortage of new wealth," he told the Tax Policy Center. "But wages are not keeping pace...This isn't the invisible hand of a market at work. It's the successful work of special interests. For decades, we've seen successful strategies to ride anti-tax sentiment in this country towards tax cuts that favor wealth, not work. And for decades, we've seen the gaps in wealth in this country grow wider, while the costs to working people are greater."



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