Another ill-informed attempt by the mainstream media to try and manipulate the Presidential race. With Obama trending upwards and McCain plummeting in the polls the mainstream media will make every effort to attack Obama and lay off of McCain until the race is competitive. One question for the author of this article: since when is a salary in excess of $250,000 middle class, or even "upper middle class" which I think is something you just invented? I'm certain internal deliberations went on in your mind, if not a discussion with your editor, as to whether the American people were dumb enough to think that people making a quarter of a million dollars per annum are in the middle class. Which one of you guys coined the phrase "upper middle class" to solve the problem? You guys are geniuses, congratulations.

Fortune Magazine – Another FLIP FLOP by OBAMA
“Sometimes during campaigns the rhetoric gets overheated and amplified," Obama conceded, after I reminded him that he had called NAFTA "devastating" and "a big mistake," despite nonpartisan studies concluding that the trade zone has had a mild, positive effect on the U.S. economy. Does that mean his rhetoric was overheated and amplified? Obama said "Politicians are always guilty of that, and I don't exempt myself," he answered.
http://money.cnn.com/2008/06/18/magazines/fortune/easton_obama.fortune/index.htm?postversion=2008061815

WHERE IS JOHN McCAIN'S PLAN????????????

"He [Obama] still has gone much farther than Sen. John McCain, R-Ariz., who has not offered any specific measures for bringing future Social Security revenues in line with outlays"

Dear Bob: "the mainstream media will make every effort to attack Obama and lay off of McCain until the race is competitive", what are you smoking? Go ahead and tax the upper income earners more and watch how they stop spending and hiring. The left will never understand economic incentives. Go educate yourself about the early 90's disaster called, "The Luxury Tax". You'll see how even the class-envy hungry Democratic Congress saw what a stupid idea it was and rescinded it the next year. Any small business person making over $250,000 will simply become a subchapter S corp and take his pay as dividends instead of wages, and you'd do the same thing just like when you buy something on sale at the grocery store like Coca Cola.....don't you feel bad about the poor hourly workers at Pepsi? Shame on you Bob.

Okay Soetoro, we get it. You don't like Obama.

June 12, 2008: "But I'm not for quote 'privatizing Social Security,' I never have been, I never will be." John McCain, during invitation-issued town hall meeting in New York City.

November 18, 2004: "Without privatization, I don't see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits." John McCain, Nashua, New Hampshire.

For more great quotes and other interesting facts about John McCain, visit www.StopThinkVote.com

why hide the past pictures of Obama and his relatives in kenya and his being a Muslim until he reached in the 20's . It is not bad to say he was a Muslim before he was converted to Christianity. In this way he can tell the world that here I am, a Muslim before and I will be the President of USA after I have choosed to become a Christian.

come on guys, lay off the idea that either of the candidates is going to present a plan that will bear any resemblence whatsoever to something the Congress will pass - I am puzzled that anyone here thinks these are serious proposals; the O-man does get credit for making suggestions, but there is no way that will pass Congress in the form presented; as for anything McC could put forward in the heat of a campaign would be only so much rhetoric - the Dem leadership, which in just about any practical post-election scenario, will still control Congress, will NEVER pass a Pubbie plan (witness Bush's very modest privatization plan, which was, like O's, not raising anywhere close to the $$$ that are needed to head off disaster in the Social Security area). Bottom line, folks, anything that gets through Congress in the next Administration will have to be a compromise and what we have seen so far would be DOA, so are trial balloons at best or political pablum for the masses at worst.

I would never trust Obama and his stupid ideas. He behave like he is already a President. What will happen if his Marxists ideas proliferate?

I would never vote for the hypocrite Obama.

"Any small business person making over $250,000 will simply become a subchapter S corp and take his pay as dividends instead of wages."

There is already a trend towards this with the current self-employment tax. Of course issues such as reasonable compensation come into play, but I know few people who make $250k even in today's climate as small business owners say the full amount is to be classified as wages. So, the net effect is - nothing will change.

We should all pinch in and nobody is exempt from SS taxes. That is the only way to fix the broken system.

The fool doesn't know want he wants except votes. The hell with policy, after he is president he is set for life!!

Light up another mentol reefer!!

1. SS would have few problems if current
employee/employer contributions were actually put into the trust(which wasn't even set up until late 1970s)instead of going into the general fund to be spent
on everything else. These contributions
account for more than 1 trillion per year, yet the amount actually spent is less.

2. If the trust dept of a bank were to
co-mingle funds in this manner, all the
executives would be facing stiff prison
sentences.

3. Cost of Living(COL)increases are a
dismal joke that have no actual basis
in fact, putting seniors and the disabled further into poverty each year.

4. The time has come to make the system
work the way it was intended regardless
of the political party that you root for.

And, finally, I am a life long Republican, not some bleeding Liberal
that far too many of you will accuse me
of being. Put aside your idealogical
views long enough to really understand
the problems that we face as a nation.

Let me see...Michelle Obama reported income in the range to be exemted from SS taxes. Senator Obama's salary is in the proposed exempted range..Hummm...anybody else smells fishy business?

And yet another left wing reporter writing about taxes like they are a good thing. We are supposed to feel bad because Obama now wants to confiscate less of our income (aka "raise far less revenue") than before. You gotta love the euphemisms these socialists use. The man actually complains that we may not get to cough up $1.5 TRILLION over 10 years. Then, he actually has the nerve to talk about the unintended consequences of raising taxes on the very people who drive the economy, the small business owners. Oh, the irony.

In ordr for social security to work you have to have people working to pay into it, if the retiress aredrawing on the ss and nothing is added to it eventually it will run dry and since Mr. Bush saw nothing wrong with outsourcing JOe and Hank and Bob and Jane's jobs who is working to pay into social security. MCX Bush want a to just do away with it. That is his plan.

Oh yeah, and the Social Security "trust fund"? Doesnt exist.

i hope that Americans have better understanding of economical principles now then russian peasants in 1917 when comunists were selling change too...

Since when, Obama became expert on taxes.
As far as I know he is a total moron when the economy and taxes are of concern.
In Congress he never submitted a single bill on that subject, now all of a sudden he is know it all Guy.

I Would not even listen to his stupid ideas or even take it seriously.
He is master manipulator and opportunistic character, just ignore him, unless you are Obama's fanatic.