Phill Gramm & Mike Solon: “If you like Michigan’s economy, you’ll love Obama’s”
Phil Gramm & Mike Solon:.. “Mr. McCain will lower taxes. Mr. Obama will raise them, especially on small businesses… 3 out of 4 individual income tax filers in the top 1% are, in fact, small businesses.”
“In the name of taxing the rich, Mr. Obama would raise the marginal tax rates to over 50% on millions of small businesses that provide 75% of all new jobs in America. Investors and corporations will also pay higher taxes under the Obama program, BUT, AS THE MICHIGAN-OHIO-ILLINOIS EXPERIENCE PAINFULLY DEMONSTRATES, WORKERS ULTIMATELY PAY FOR HIGHER TAXES IN LOWER WAGES AND FEWER JOBS.”
“Mr. Obama would spend all the savings from walking out of Iraq to expand the government. Mr. McCain would reserve all the savings from our success in Iraq to shrink the deficit, as part of a credible and internally consisten program to balance the budget by the ed of his first term. MR. OBAMA’S PROGRAM OFFERS NO HOPE, OR EVEN A PROMISE, OF EVER ACHIEVING A BALANCED BUDGET.”
“Mr. Obama would stimulate the economy by increasing federal spending. Mr. McCain would stimulate the economy by cutting the corporate tax rate. Mr. Obama would expand unionism by DENYING WORKERS THE RIGHT TO A SECRET BALLOT ON THE DECISION TO FORM A UNION, and would dramatically increase the minimum wage. Mr. Obama would also expand the role of government in the economy, and stop reforms in areas like tort abuse.”
“THE STATES HAVE ALREADY TESTED THE MCCAIN AND OBAMA PROGRAMS, AND THE RESULTS ARE CLEAR. WE NOW FACE A NATIONAL CHOICE TO DETERMINE IF EVERYTHING THAT HAS FAILED THE FAMILIES OF MICHIGAN, OHIO AND ILLINOIS WILL BE IMPOSED ON A GRANDER SCALE ACROSS THE NATION. In an appropriate twist of fate, Michigan and Ohio, the two states that have suffered the most from the policies that Mr. Obama proposes, have it within their power not only to reverse their own misfortunes but to spare the nation from a similar fate.” — Phil Gramm and Mike Solon.