• In effect, he would legislate a 60 percent tax bracket for upper-income Americans, killing all initiative and innovation. He’d raise the top bracket to 40 percent. He’d apply FICA taxes to all income, not just that under $100,000 as at present. So add 40 percent plus FICA’s 12.5 percent plus Medicare’s 2 percent plus state and local taxes averaging, after deduction, at 5-6 percent, and you have a 60 percent bracket.
He does not oppose $5-per-gallon gasoline but only says that he wishes there had been a more “gradual adjustment” to the higher prices.
Obama can talk about the Rev. Wright and flag lapel pins and his wife’s love of America all day long. But what he resists is a specific discussion of his own plans for our country. That’s the discussion he fears and he avoids. And it’s the discussion John McCain must force upon him if he is to have any realistic chance of winning the election.