Sunday, October 26, 2008

Obama's new tax plan

In the article “Obama calls McCain tax plans ‘Outrageous’” the author stands out the negative effect of the McCain’s tax plans. The article is most about what Obama talked about the plan and he compares it with the tax plan of president, G. Bush. It is almost double reduction than that of president Bush did and, it would come out about $5,700 billion over next decade. He also mentioned the plan would reduce in the U.S corporate tax rate to 25%. Another, Obama said that the $170billion tax rebate produced 49,000 people in unemployment.
Another article talks about the McCain’s tax plan will help to create more jobs. The basic theory of the plan is the new plan will increases wage to keep more of what employees earn; which is opposite view with the above article. It says if the plan reduces the corporation tax rate, it would increase the employment rate. It also covers up the health insurance coverage.
The two articles are talking about same topic, the McCain’s new tax pans, however, they have totally opposite points. The first one more emphasizes on the negative effect of the new plan but the other one tries to explain why it is more effective. Both articles sounds make sense. However, the first article is more reasonable because he uses many reasonable data to prove his point. The other one just tells how the plans theoretically work.

-Min-

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