[Beetle01]

Found this tidbit too, per suntimes.com:

The 95 percent-plus of the American population that earns less than $250,000 would see the following tax breaks: A $500-per-worker tax credit for people who earn less than $150,000 and do not itemize, and a $4,000 credit per child in college. Seniors who earn less than $50,000 would pay no income tax.


and this:

The precise cost depends on whether you assume the current tax breaks would be renewed or would expire.

Assuming they would have been renewed anyway, Obama's plan would bring in an additional $700 billion in taxes over the next 10 years, while McCain's would cost the Treasury $600 billion. Assuming legislators would have let the tax breaks expire, Obama's plan would cost the U.S. Treasury $2.7 trillion and McCain's $3.7 trillion.

The center uses various assumptions both campaigns quarrel with. Each campaign also accuses the other of not being honest with the numbers.

This was found on Obama's site regarding health care:

Require insurance companies to cover pre-existing conditions so all Americans regardless of their health status or history can get comprehensive benefits at fair and stable premiums.

Create a new Small Business Health Tax Credit to help small businesses provide affordable health insurance to their employees.

Lower costs for businesses by covering a portion of the catastrophic health costs they pay in return for lower premiums for employees.

Prevent insurers from overcharging doctors for their malpractice insurance and invest in proven strategies to reduce preventable medical errors.

Make employer contributions more fair by requiring large employers that do not offer coverage or make a meaningful contribution to the cost of quality health coverage for their employees to contribute a percentage of payroll toward the costs of their employees health care.

Establish a National Health Insurance Exchange with a range of private insurance options as well as a new public plan based on benefits available to members of Congress that will allow individuals and small businesses to buy affordable health coverage.

Ensure everyone who needs it will receive a tax credit for their premiums.

http://www.barackobama.com/issues/health...duce_costs

Obama has stated he will let the current tax cuts expire. Also you would recieve around 6k in "tax welfare" which would cover the cost of 1 employees insurance.

Tax credits are not tax breaks. It is money taken by the govt from people who earned it and given to other people. It is welfare.

Obama has not been honest with all of his numbers, how much of a tax credit? That's not a tax break, it is going to be more money spent by the govt. 1k? 2k? 7k? 7k per employee for every small business in the country, times 10 years. Add that to your already 2.7 trillion number and I bet it more than exceeds 3.7trillion.

Obama's budgets are tough to do because he won't give alot of numbers for important things such as the employee insurance tax welfare.