Kayloo

The economy of the United States has become issue number one for the whole country, surpassing illegal immigration and the Iraq war. With a recession taking place, and a “Second Great Depression” slowing becoming a worry in the back of some people’s heads, how are our presidential candidates going to fix the economy?

If you look up the economic stimulus plans of all three candidates, you can fine the first subject similar: strengthen the middle class. This is what all candidates wish to do, as everyone knows that the middle class is shrinking into a big “poor” class, as the “rich” class becomes more exclusive. So what do the candidates really say?

Lower taxes of the middle class.

John McCain believes in cutting taxes everywhere. From middle class and corporate, to banning internet and new cellphone taxes. John McCain has an extensive tax, and there is really no point in posting all the information here, when you can just click here and check it our for yourself. John McCain also believes in more research and development of technologies. He believes in first-year deduction (”Expensing”) of equipment and technology expenses. Finally, John McCain promises to stop pork barrel spending, and he promises to enforce fiscal discipline. All information on John McCain’s economic stimulus plan and government spending plans, etc. can be found here and here respectively.

Barack Obama says the beginnings about the same as John McCain: cut middle class taxes and make tax filing easier. Barack Obama wishes to fight for fair trade and amend NAFTA. He supports job creation, investing in U.S. manufacturing, job training programs, search for renewable energy, and give every community broadband. With his freedom to unionize plan, and universal mortgage credit credit, Barack Obama seems all for the middle man (and a lot like John McCain). Barack Obama’s plans are located here.

Hillary Clinton says the same exact thing both McCain and Obama say, so there is really no point to re-iterate. Here plans can be located here.

So, I guess we find that all three candidates have similar economic plans. The biggest difference I could really see was John McCain’s corporate tax relief. McCain makes a great point: You can’t be Robin Hood, the theory sounds great, but it just won’t work. The rich pay the middle class (working class), if you take more of their money away, the less money they have to pay you. Lower taxes for all is the better plan, as Robin Hood is dead, and we all are still alive.