One of the main differences between Obama and McCain’s tax plans is that Obama will reduce taxes for people making under $250K. McCain wants to reduce taxes across the board. Obama basically is under the theory that the rich can afford it, even though the top 10% of income earners already pay 70% of the taxes. As an FYI, the bottom 50% of income earners pay less than just 3% of the US Taxes. Anyways, the other theory of Obama is that regulation is key and with additional tax revenue, they can pay for other programs such as his health plan, whereas McCain believes that reducing taxes will help the economy by spurring investors to create new businesses, which creates new jobs, etc. So, many Obama supporters claim that McCain’s plan will cost the country billions, which it definitely will, but if you take into account all of Obama’s projects that he plans on spending that additional revenue on, the net result is worse than McCain. According to US Budget Watch’s New Report: A Fiscal Voter Guide to the 2008 Election, McCain’s plan will cause the gov’t to go more into the red by about $180 billion, whereas Obama’s plans will cost the gov’t $286 billion. So, with the $700 billion bailout plan, wouldn’t it be nice to have an additional $100+ billion?
FYI…when you hear Obama complaining about how bad Bush has been for the economy, just take into account the budget deficit ratio as compared to GDP. It is currently less than it ever was in the 90’s during the Clinton administration. Here is a great article about that: http://www.heritage.org/Research/Budget/bg2178.cfm

“ Remember that postcard Grandpa sent us from Florida of that alligator biting that womans bottom? Thats right, we all thought it was hilarious. But it turns out we were wrong. That alligator was sexually harassing that woman.
Well, 10 minutes ago Kerry called Bush to concede the election to Bush…which apparantely makes it official according to CNN. It has been somewhat of a long day/night. I went to bed at 12:30am, got up from 3:30-5:00, then woke up again at 7:00am to see the final results. Unfortunately there was nothing official until just 10 minutes ago, so it was all for not, but at least I have something to write about on the site.