Tuesday, February 26, 2008

Clinton and Obama Realize the Truth About Taxes

WASHINGTON — Both Democratic presidential candidates, who promise to curb the influence of corporate lobbyists in Washington, helped enact narrowly tailored tax breaks sought by major campaign contributors.
-USA Today

USA Today is reporting that Hillary Clinton and Barack Obama both used their influence as senators to win tax breaks for companies in their home states. The revelation that Hillary Clinton and Barack Obama passed tax breaks for their contributors is proof of the fact that their desire to raise taxes would be harmful to the country.

Obama's campaign had it right when they said that tax breaks "lower costs for customers and create jobs." If they trule believe that to be the case, then why not allow the whole country to reap the benefits instead of select companies in their home states?

If tax breaks create jobs and lower costs, then tax increases must eliminate jobs, raise costs, and generally be bad for consumers. To raise taxes or let the Bush tax cuts expire would cause the economy to shrink and raise the chances of a recession.


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