October 14, 2008

Americans for Tax Reform today questioned the accuracy of the new tax calculator found on Senator Barack Obama's (D-Ill.) website.The calculator has several major errors/misleading statements, including: The forgotten tax hike. By its own admission, the tax calculator ignores the unprecedented imposition of Social Security payroll taxes on small business profits exceeding $250,000 (where two-thirds of small business profits exist). This is despite the fact that Obama told Charlie Gibson on October 8th that he wants to keep the Social Security tax rate "the same" for these small business owners. This would result in a top small business tax rate of 54.9 percent -- the highest level since the Carter Administration. Full release

During the past eight years, the Bush Administration has dismantled virtually every economic program to assist small businesses along with all programs to assist firms owned by woman, minorities and veterans. To date, Senator John McCain (R - AZ) has not voiced any opposition to the Bush Administration's anti-small business policies or discussed any plans to restore those programs in any of his speeches, press releases or on his website. Full release

TODAY at 6:00 pm, U.S. Rep. Jerrold Nadler will speak outside the McCain-Palin fund raiser at the Grand Hyatt New York, located at 109 E. 42nd Street. Nadler will address the new economic scheme McCain unveiled today, which provides no tax relief to 101 million middle class families and 97% of seniors. Full release

The following is an excerpt from an article by Michael Barone published by The Washington Times, and is being released today by the Republican National Committee: "I need you to go out and talk to your friends and talk to your neighbors," Barack Obama told a crowd in Elko, Nev. "I want you to talk to them whether they are independent or whether they are Republican. I want you to argue with them and get in their face." Actually, Obama supporters are doing a lot more than getting into people's faces. They seem determined to shut people up. Full release

Speaker Nancy Pelosi issued the following statement today in response to the Bush Administration's plan to recapitalize the nation's financial institutions to help stabilize the U.S. economy: "The coordinated actions announced today by the Treasury Department, the Federal Deposit Insurance Corporation, and the Federal Reserve are steps in the right direction that could help to restore confidence in our financial markets and the routine flow of credit to our financial system that is essential for small businesses and consumers." Full release

The Alliance for Worker Freedom (AWF) has released a matrix comparing Sen. Obama and Sen. McCain's positions on issues concerning worker freedom. A fifteen category version is available on their website, http://www.workerfreedom.org. Executive Director Brian Johnson said, "We will be releasing short facts from the full version every day until the election to educate the voters on the two candidates and their different positions." Full release

After campaigning in his home state of Vermont and New Hampshire, Governor Howard Dean will continue to campaign on behalf of the Obama-Biden ticket this Wednesday and Thursday in Iowa. Dean is working to encourage voters to participate in early voting programs and to vote for Democratic candidates up and down the ballot from now until Election Day. Full release

The following is from The [Raleigh, NC] News & Observer and is being released by the Republican National Committee: The State Board of Elections is investigating suspicious voter registration forms submitted by an organization whose problems have drawn national attention. The Association of Community Organizations for Reform Now, known as ACORN, conducted a voter drive that registered nearly 28,000 people in North Carolina. But some of the forms it filed had information that may have been copied from phone books, local election officials said. ACORN is a community organizing group that runs issue campaigns and was active a few years ago in ballot initiatives to raise the minimum wage. It pays workers to register voters. Full release

A new WorldPublicOpinion.org poll shows broad consensus among Americans that the government is responsible for ensuring that its citizens can meet their basic healthcare, food, and education needs. These views are held by clear majorities of those who support both John McCain and Barack Obama. Full release

The following was released today by the Republican National Committee: Obama Has Acknowledged That Rezko Has Raised About $250,000 For His Campaigns. "For the first time, Sen. Barack Obama put a figure Friday to the amount of campaign contributions that indicted political fund-raiser Tony Rezko raised for the senator's campaigns, and the number -- about $250,000 -- was far more than he previously acknowledged." (Tim Novak, Chris Fusco, Dave McKinneyand Carol Marin, "More Rezko Dough Found," Chicago Sun-Times, 3/15/08) Full release

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