State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
Barack Obama’s policies on taxes are difficult to determine. They keep changing all the time. Thankfully, the Wall Street Journal has been keeping track.
First there was what the Journal calls ObamaTax 1.0. Obama would end the Bush tax cuts, raise the cap on wages that come under the payroll tax, place the top marginal rate at 39.8 percent, and increase rates on capital gains and dividends.
This summer came ObamaTax 2.0. Obama changed his position by lowering the top rate on capital gains.
Now with John McCain and election ads pummeling Obama as a tax-raiser, Obama has revised his tax strategy again. Under ObamaTax 3.0, if the economy is still sputtering at the beginning of 2009, President Obama might, the operative word being might, forego all of his earlier proposals calling for big increases.
There is plenty of uncertainty when it comes to Barack Obama’s intentions on taxes. The only certainty appears to be that taxes will go up, and go up a lot.
Here is the Wall Street Journal article.
Meanwhile, the Washington Post reports John McCain is delivering a simple, easy to understand message on taxes.